Pave Finance has successfully raised $14 million in a seed funding round that exceeded expectations. Recently launching its commercial operations, Pave offers an AI-driven platform designed for personalized wealth management. The funding was contributed by former leaders and board members from prominent financial services companies. Pave’s platform aims to assist wealth advisors by automating various services, enabling them to expand without compromising on client customization. The company has transformed its quantitative models into a self-service software platform that provides buy and sell recommendations, directly executes trades, and creates customized portfolios tailored to client goals. Over the past 15 years, Pave’s software model claims to have outperformed the S&P 500 by an average of 285 basis points annually. The leadership team at Pave boasts experience from financial giants like Goldman Sachs, Morgan Stanley, and others, as well as tech companies such as Google, Apple, and Amazon.
Has Wealth Management Firm Pave Secured $14 Million in Seed Funding?
