NEW YORK — iCapital Network1, the global financial technology platform driving access and efficiency in alternative investing for the asset and wealth management industries, today announced it has been recognized on the WealthTech100 list as one of the world’s most innovative financial technology solution providers addressing the digital transformation challenges and opportunities faced by asset managers, private banks and financial advisors.
The WealthTech100 list is produced by FinTech Global, a specialist research firm providing comprehensive data, valuable insights and powerful analytical tools for the global FinTech industry. To select this year’s list, a panel of analysts and industry experts evaluated a pool of more than 1,000 businesses to select the leading 100 companies in the WealthTech space. The finalists were awarded a place on the list for their innovative use of technology to solve a significant industry problem and to generate efficiency improvements across the investment value chain.
“We are honored to be named among this list of innovators serving the global wealth and asset management landscape through technology,” said Marco Bizzozero, Head of International at iCapital Network. “As appetite for alternatives and private markets grows, we are committed enlisting best-in-class technology to create a robust, transparent, and highly efficient marketplace and ensuring the highest-quality service to our clients across the globe.”
The WealthTech industry has grown dramatically over the last four years and total funding to the sector has more than tripled since 2016 from $2.8bn to $9.3bn at the end of 2020, according to figures published by FinTech Global. Last year, iCapital closed a $162 million capital raise to fuel its expansive growth and support burgeoning demand for alternative investments. As of March 31, 2021, iCapital services $73 billion in global client assets across more than 760 funds.
The third annual WealthTech100 list can be found at www.WealthTech100.com. More detailed information about the companies is available to download on the website.
The WEALTHTECH100 is an annual list of 100 of the world’s most innovative WealthTech companies selected by a panel of industry experts and analysts. These are the companies every leader in wealth and asset management, private banking and financial advisory needs to know about as they consider and develop their digital transformation strategies and new customer propositions.
About Fintech Global:
FinTech Global offers the most comprehensive data, the most valuable insights and the most powerful analytical tools available for the global FinTech industry. They work with market leaders in the FinTech industry – investors, advisors, innovative companies and financial institutions – and enable them to get the essential intelligence they need to make superior business decisions. They cover every industry development, every investment, every exit and profile of every company in every FinTech sector around the world. For more information, please visit: www.FinTech.Global.
About iCapital Network
iCapital Network’s mission is to power the world’s alternative investment marketplace. Its financial technology platform has transformed the way alternative investments are bought, sold and managed through tech-based solutions for advisors, their high-net-worth client base, wealth management firms, asset managers, and banks. The firm’s flagship platform offers advisors and their clients access to a curated menu of private equity, private credit, hedge funds, and other alternative investments at lower minimums with a full suite of due diligence, administrative support and reporting in a secure digital environment. Wealth management firms use iCapital’s turnkey technology solutions to provide clients with quality funds and simplified operational workflows in an intuitive digital experience. Asset managers and banks leverage iCapital’s tech- enabled services to streamline and scale their private investments operational infrastructure. iCapital was recognized in the 2018, 2019, and 2020 Forbes FinTech 50 and was named Solutions Provider of the Year in the 2020 MMI/Barron’s Industry Awards. As of March 31, 2021, iCapital Network has more than 400 employees and services $73 billion in global client assets across more than 760 funds.
For additional information, please visit iCapital Network’s website at www.icapitalnetwork.com | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Twitter: @icapitalnetwork
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(1) Institutional Capital Network, Inc. and its affiliates (together, “iCapital Network” or “iCapital”)