Overview

Wealthfront offers a digital platform for wealth management, focusing on helping individuals grow their wealth through automated investment services. Its primary product is an automated investment platform that uses robo-advisors to manage client funds for long-term growth. Wealthfront also provides a high-yield cash account and a diversified bond portfolio, allowing clients to earn returns without the complexities of traditional investing. The company aims to empower clients to save and invest effectively, setting itself apart with its user-friendly and automated approach.

Simplify's Take

What believers are saying

• Wealthfront's cash account now offers up to $8 million in FDIC insurance.
• The company has reached $50 billion in client assets, indicating strong growth.
• Increased demand for AI-driven financial advice aligns with Wealthfront's robo-advisor services.

What critics are saying

• Increased competition from robo-advisors and traditional institutions may erode market share.
• Free wire transfers could increase operational costs without boosting revenue.
• Expansion into stock trading faces competition from established platforms like Robinhood.

What makes Wealthfront unique

• Wealthfront offers a high-yield cash account with industry-leading 5.00% APY.
• The company provides a diversified bond portfolio with tax advantages and no maturity dates.
• Wealthfront's automated investment platform uses award-winning algorithms for long-term wealth growth.

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Funding

Total Funding

$198.9M

Below

Industry Average

Funded Over

6 Rounds

Notable Investors:

Tiger GlobalBenchmarkGreylock Partners

Notable Investors:

Tiger GlobalBenchmarkGreylock Partners

$75,000,000

Series E

Jan 2018

Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.

Series E Funding Comparison

Below Average

Industry standards

Ind Avg. $100M

$30M

$75M

$245M

$250M

$1250M

$1500M

View all funding stages