{"id":6217,"date":"2018-07-12T09:41:15","date_gmt":"2018-07-12T09:41:15","guid":{"rendered":"https:\/\/insights.invyo.io\/europe\/?p=6217"},"modified":"2019-04-12T16:51:39","modified_gmt":"2019-04-12T16:51:39","slug":"emma-is-democratizing-the-figure-of-the-private-wealth-manager","status":"publish","type":"post","link":"https:\/\/insights.invyo.io\/europe\/industries\/sante\/wealthtech\/emma-is-democratizing-the-figure-of-the-private-wealth-manager\/","title":{"rendered":"Emma is democratizing the figure of the private wealth manager"},"content":{"rendered":"<p><strong>Emma is a London-based Fintech that has developed a banking app for millennials.\u00a0The mobile solution aims at providing a consumer focused banking experience.<\/strong><\/p>\n<p><strong>Managing money<\/strong> has always been a difficult task for many people, especially when they have to navigate through multiple accounts, several contracts, and different credit cards.<\/p>\n<p>According to <a href=\"https:\/\/emma-app.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Emma<\/strong><\/a>, only in the UK, about <strong>10 million people<\/strong> are not aware they are being charged <strong>excessive overdraft fees<\/strong> by their bank. Credit scoring is also a huge matter with average amount of consumer debt representing <strong>\u00a313,000 per British household<\/strong>.<\/p>\n<p>The mobile-only solution wants to <strong>give back the control to customers<\/strong> by allowing each of them to receive a custom banking experience. According to\u00a0Edoardo Moreni, CEO and Co-founder of Emma:<\/p>\n<blockquote><p><em>\u201cWe started Emma with the aim to democratise the figure of the private wealth manager. In an age where a new financial product comes to the market every week, consumers are destined to get lost in a financial chaos&#8221;.<\/em><\/p><\/blockquote>\n<p>Emma Technologies LTD recently announced the closure of a funding round led by\u00a0Kima Ventures, one of the first investor in Transferwise, and\u00a0Agla\u00e8 Ventures,\u00a0the early stage fund of the Groupe Arnault, investor in Netflix and Airbnb.<\/p>\n<p>Rose Dettloff, Deal Partner, Kima Ventures discussed his choice to join the roundtable:<\/p>\n<blockquote><p><em>\u201cEmma brings clarity and transparency to people\u2019s financial lives with a product designed and built for an audience that is eager to grow their personal wealth. Kima Ventures is glad to have Emma as part of its family and looks forward to support future growth and developments.\u201d<\/em><\/p><\/blockquote>\n<hr \/>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Emma is a London-based Fintech that has developed a banking app for millennials.\u00a0The mobile solution aims at providing a consumer focused banking experience. Managing money has always been a difficult task for many people, especially when they have to navigate through multiple accounts, several contracts, and different credit cards. According to Emma, only in the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6218,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2186],"tags":[2133,2134,2095,2135,1943,2132,320,325,184,217,428],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Emma is democratizing the figure of the private wealth manager - INVYO Insights Europe : Media Fintech<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insights.invyo.io\/europe\/industries\/sante\/wealthtech\/emma-is-democratizing-the-figure-of-the-private-wealth-manager\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Emma is democratizing the figure of the private wealth manager - INVYO Insights Europe : Media Fintech\" \/>\n<meta property=\"og:description\" content=\"Emma is a London-based Fintech that has developed a banking app for millennials.\u00a0The mobile solution aims at providing a consumer focused banking experience. Managing money has always been a difficult task for many people, especially when they have to navigate through multiple accounts, several contracts, and different credit cards. 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