Magnetis is a digital asset manager that uses technology to create objective, personalized investment plans and a fiduciary remuneration model that charges an annual advisory fee based on assets rather than commissions. Founded in 2015, the fintech has created more than 350,000 investment plans and manages over R$430 million in assets. The company emphasizes transparent, automated asset selection and does not receive commissions or rebates on recommended products. Magnetis is launching its own brokerage (Magnetis Corretora) to support trading operations and simplify the client journey, while maintaining an existing partnership with Easynvest for current client accounts. The firm plans to use new funding to develop product features and accelerate growth toward a target of R$1 billion in assets under management within 12 months. Management positions the offering as a comprehensive digital wealth manager and guide to clients’ investment goals. Magnetis builds a digital wealth management platform that democratizes access to affordable, easy-to-use investment management for individuals by applying state-of-the-art technology. The company has recently bolstered its infrastructure and iterated on its product to improve the user experience. Magnetis entered a strategic partnership with GPS Investimentos (part of Julius Baer) to jointly create an enhanced digital experience for investors of all profiles. The partnership is intended to let Magnetis leverage GPS' and Julius Baer’s Brazilian expertise and scale in pursuit of regional growth. Vostok Emerging Finance (VEF) is a significant investor and currently holds a 16.9% stake in Magnetis. The article does not disclose revenue, user counts, or the financial terms of the funding round.

Total raised

$12M

Funding rounds

2

Latest round

Series B

Latest activity

Jul 2020