8-Bit Capital portfolio company Range (the all-in-one AI WealthTech platform) announced their $28 million Series B round, led by Cathay Innovation, who also led the Series B of Chime. 8-Bit Capital introduced Range to Cathay, and participated in the round.
How it works: Range provides a full suite of wealth management tools, including investment, retirement tax and estate planning.
– It also offers tools for analyzing equity compensation, real estate holdings and optimizing cash flow.
– “In wealth management, all these different modules are interconnected… So the way the software is built and the way we give advice is we recognize all these things are interconnected,” Hassan says.
– The company doesn’t charge a fee based on assets under management but instead offers three tiers of flat-fee pricing depending on the complexity of a client’s needs.
“The wealth management industry is witnessing a seismic shift, and Range is at the forefront of this transformation,” said Fahad Hassan, co-founder and CEO of Range. “Within 10 years, 95 percent of the population will rely on a trusted platform like Range. We’re not just building another fintech solution—we’re fundamentally democratizing access to sophisticated wealth management for all Americans.”
Read more at Axios or PR Newswire.