Cashboard operates an online platform that identifies and combines products from multiple providers into a single account, positioning itself as a curated marketplace for retail investment. Unlike typical robo-advisors that focus on passive ETFs, Cashboard offers access to a broader spectrum of asset classes, including call money, stocks, and crowd lending, and invests on users' behalf. Users set savings goals and risk levels; the service suggests a selection of asset classes and providers and manages portfolio diversification. The company charges a 10% performance fee on net profits each year. Cashboard says it will use its Series A proceeds to grow its team and internationalize the service. CEO and co-founder Robert Henker frames the product as making curated, multi-provider investment options understandable and accessible for retail investors. CASHBOARD operates a digital investment platform that lets private and institutional investors open individual accounts and depots online and invest from €100. The service uses fully automated algorithms for portfolio management, risk mitigation and tax optimisation. Investors can allocate to traditional assets (funds, shares, real estate, overnight deposits) and innovative assets (P2P lending, crowdfunding and social trading). The platform is free to users and operates on a success-oriented, profit-sharing basis. CASHBOARD partners with the European Bank for Financial Services (ebase) for financial security while a comdirect subsidiary manages invested funds. Account opening is completed online via video verification and electronic signatures. The company had won €4 million in media time at the SevenVentures Pitch Day and planned a ProSiebenSat.1 ad campaign for Autumn 2015. CASHBOARD recently raised new funding to support further growth.

Total raised

$5M

Funding rounds

2

Latest round

Series A

Latest activity

Nov 2016