Klear, a start-up that aims to innovate wealth management and make it accessible through a subscription-based platform and the support of artificial intelligence, announces that it has closed a pre-seed funding round of EUR 1 million, half of which in equity through a SAFE with business angel participation and the other half through the activation of a dedicated bank financing.
Klear released a first version of its platform in private beta on 26 February to about one thousand pre-registered users on the waiting list and will soon be available in public beta. A first full version of the application will be available on the market within the first half of this year, with a monthly subscription under EUR 10, allowing a wide audience access to the key tools Klear offers to build or improve their financial awareness.
Klear’s platform allows the user to integrate accounts, census investments, real estate assets and coordinate savings goals in a single tool, helping to manage personal finances in a conscious way with the support of artificial intelligence. Thanks to a proprietary orchestration system and the support of the most advanced technologies offered by the market in the field of generative AI, it is able to support the user in managing their money, starting with a deep analysis of the individual’s spending and saving capabilities.
Federico Quarato, CEO of Klear says in a note: “Over the last few months we have been thinking about how to make wealth management a service accessible to everyone, at a fair price. Technology has brought parity in so many areas: the CEO of a multinational company uses the same smartphone as a university student, in personal finance this revolution is still to come. Collecting a pre-seed at this stage will allow us to give an answer to this need, an answer on which I am sure we will have market validation.
In addition to Quarato, Marco Alò and Massimo Dell’Erba, the team of co-founders also includes Paolo Federici (pictured with the CEO), former manager at Fidelity International and later market head for Global Wealth Management in Italy at UBS, who adds: ‘I am very happy with the feedback Klear is receiving from both the investor community and users, due to the progress made. Thanks are also due to the banks, which are playing a key role with valuable resources to implement our accelerated growth plan and in being themselves vectors of innovation, making Klear’s service available to their most demanding customers’.
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