Hong Kong-headquartered digital wealth management platform Quantifeed has announced that it has acquired London-based portfolio construction and analytics fintech company, Alpima.
“This transaction accelerates our mission to increase the productivity of investment professionals and to create better investment outcomes for their clients,” said Alex Ypsilanti, co-founder and CEO of Quantifeed.
After the acquisition, the combined platform will provide services across the full portfolio management spectrum, including construction, personalisation, visualisation, risk analytics, order management and trading, and monitoring and reporting.
Quantifeed also announced that as part of the transaction Fidelity International Strategic Ventures has joined Quantifeed as a shareholder.
In May 2022, Quantifeed announced its Series C funding round, which was led by HSBC Asset Management and joined by LUN Partners Group, Franklin Templeton and Daiwa PI Partners.
Quantifeed has partnered with several other firms to roll out robo-advisory services.
They include DBS’s “digiPortfolio” in Singapore, Cathay United Bank’s “CathayRobo” in Taiwan, China Citic Bank International’s Robo 360 and Everbright Sun Hung Kai’s “EBSHK Direct AI-Portfolio Investing” in Hong Kong, Kiatnakin Phatra Securities’s “Phatra Mandate Service” in Thailand and Mitsubishi UFJ Morgan Stanley Securities’s “Mirai Value” in Japan.
The company also has a presence in Singapore, Australia, Japan, and India.
