Storebrand aims to develop new services after investing in fintech firm

The financial group becomes the largest stakeholder in a Norwegian digital advisor to banks and wealth managers. The firms found shared values and ambitions in the digital and sustainability spaces (Updated).

Jan Erik Saugestad, CEO of Storebrand Asset Management. | Photo: PR / Storebrand AM

Storebrand has invested in Norwegian fintech firm Quantfolio, which has the stated purpose of building new services within the savings and wealth advisory space, becoming the largest stakeholder.

The two companies will share knowledge of quantitative allocation methods and sustainable investments, while the partnership also enables Quantfolio to expand its business.

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