Quovo is a New York City–based data platform providing connectivity to consumer financial accounts. The company centralizes, organizes, and enriches data from millions of accounts across more than 14,000 institutions to provide businesses with a comprehensive picture of each customer's financial identity. Financial services companies such as SoFi and Betterment use Quovo to obtain the data and insights needed to predict, transact, and personalize services. Quovo extended its Series B, bringing total funding to $20M with investments from Portag3 Ventures and Salesforce Ventures. The company intends to use the funds to execute an extensive hiring plan, relocate its headquarters to a larger space, and continue developing its technology capabilities. It also plans to build out a presence in the Canadian market, expanding institutional coverage and its data model to include Canadian firms and financial account types. Quovo offers an API management toolkit that aggregates account and user data to give individual financial managers and large financial services players unified visibility across client accounts. Its platform is designed to enable better financial planning and management by presenting all accounts in a single place. Quovo counts customers including Betterment, Wealthfront, and SoFi. The company charges clients fees based on number of accounts, number of users at the customer’s company, and the scope of services provided. Quovo recently raised $10 million in a new funding round from F-Prime Capital and Napier Park Global. No specific future product roadmap, valuation, or additional operating metrics were disclosed in the article. Quovo provides an enterprise-grade data management platform that enables financial advisers, financial institutions, and adviser-technology providers to aggregate, extract, manage, and analyze financial portfolio data. The platform also includes dashboard tools designed to make complex data insights intuitive. Led by co-founder and CEO Lowell Putnam, the company targets advisers, institutions, and adviser-tech providers. Quovo is based in New York City. It closed a $4.75M funding round and intends to use the funds to continue developing the platform and expand operations. The round included participation from existing investor Long Light Capital and individual investors Steve Lockshin, Ron Carson, and Marty Bicknell. Quovo is a NYC-based financial technology company that provides an online platform with sophisticated portfolio analytics and data management tools for foundations, family offices, advisors, and individuals. Led by CEO Lowell Putnam, the platform streamlines data, analysis, and workflow tools for small to mid-sized institutional investors and individual investors. Quovo closed a $1.4m Series A round of funding led by Long Light Capital. The company intends to use the funds to accelerate development and distribution of its platform. The article does not disclose additional financial or operational metrics.

Total raised

$16M

Funding rounds

4

Latest round

Series B

Latest activity

Apr 2017