{"id":565347,"date":"2024-11-27T08:31:05","date_gmt":"2024-11-27T07:31:05","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&#038;p=565347"},"modified":"2024-11-27T08:31:05","modified_gmt":"2024-11-27T07:31:05","slug":"ai-wealthtech-range-raises-28m-in-series-b-led-by-cathay-innovation","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/ai-wealthtech-range-raises-28m-in-series-b-led-by-cathay-innovation\/","title":{"rendered":"AI WealthTech Range raises $28m in Series B led by Cathay Innovation"},"content":{"rendered":"<p><u><a href=\"https:\/\/www.range.com\/\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-565348 alignright\" src=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2024\/11\/rangefinanceinc_logo.jpg\" alt=\"Range Finance, Ai, Artificial Intelligence, AI, WealthTech, Wealth Technology, Fintech news, FinTech Solutions, USA Fintech News, America News, \" width=\"178\" height=\"178\" srcset=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2024\/11\/rangefinanceinc_logo.jpg 200w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2024\/11\/rangefinanceinc_logo-150x150.jpg 150w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2024\/11\/rangefinanceinc_logo-100x100.jpg 100w\" sizes=\"auto, (max-width: 178px) 100vw, 178px\" \/>Range<\/a><\/u>, the all-in-one AI WealthTech platform, has raised $28 million in Series B funding. <span style=\"margin: 0px;padding: 0px\"><a href=\"https:\/\/cathayinnovation.com\/\" target=\"_blank\" rel=\"noopener\"><u>Cathay Innovation<\/u><\/a> led the round, which was<\/span>\u00a0joined by\u00a0<u><a href=\"https:\/\/www.gradient.com\/\">Gradient Ventures<\/a><\/u>\u00a0and other investors. This round brings the company&#8217;s total funding to\u00a0$40 million.<\/p>\n<p>The<a href=\"https:\/\/ibsintelligence.com\/ibsi-news\/finbox-launches-industrys-first-account-aggregation-based-data-platform\/\"> new capital<\/a> will fuel Range&#8217;s ambitious expansion plans, accelerating product development and scaling its engineering teams to enhance its AI-powered platform.<\/p>\n<p>Traditional financial advisors have offered the same types of wealth management services to consumers for decades. Range is overhauling the sector with a new AI engine they created named Rai. As a result, they are able to provide superior advice 10-20x faster and save their members 75-90% more in fees than traditional wealth advisors.<\/p>\n<p>The wealth management industry is witnessing a seismic shift, and Range is at the forefront of this transformation,&#8221; said\u00a0<strong>Fahad Hassan, co-founder and CEO of Range.<\/strong> &#8220;Within 10 years, 95 percent of the population will rely on a trusted platform like Range. We&#8217;re not just building another FinTech solution\u2014we&#8217;re fundamentally democratising access to sophisticated wealth management for all Americans.<\/p>\n<p>In less than two years, Range attracted more than 1,000 high-net-worth members and now advises them on nearly\u00a0$3 billion\u00a0in assets. This investment comes at a time when Range is seeing unprecedented demand for its comprehensive wealth management solutions, which seamlessly integrate investment services, tax planning, estate planning, retirement planning, and insurance needs.<\/p>\n<p>Co-founded by\u00a0<u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4311672-1&amp;h=377289177&amp;u=https%3A%2F%2Fwww.linkedin.com%2Fin%2Ffahadhassan1&amp;a=Fahad+Hassan\">Fahad Hassan<\/a><\/u>\u00a0and\u00a0<u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4311672-1&amp;h=2551952743&amp;u=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fdavid-cusatis&amp;a=David+Cusatis\">David Cusatis<\/a><\/u> in 2021, Range is an all-in-one wealth management solution. It connects every aspect of wealth management, including tax filing, estate planning, retirement planning, insurance, and investments. Their in-house financial advisors optimise each member&#8217;s portfolio. Range uses a transparent, flat-fee pricing model rather than taking a percentage of a client&#8217;s wealth.<\/p>\n<p>&#8220;By and large, the wealth management industry hasn&#8217;t changed in more than 75 years,&#8221; said\u00a0<strong>Simon Wu, Partner of Cathay Innovation,<\/strong> who also joins Range&#8217;s Board of Directors. &#8220;Fahad, David, and the entire Range team are bringing much-needed innovation to an outmoded industry with a service that&#8217;s affordable, convenient, and provides holistic insights and advice in hours versus months or quarters. We look forward to partnering with them to supercharge their success.&#8221;<\/p>\n","protected":false},"author":35800,"featured_media":565348,"parent":0,"template":"","categories":[11381,11370],"tags":[12663,45893,12483,48263,28958,21391,35898,48262,39165,45505,24482,13482],"class_list":["post-565347","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-artificial-intelligence","category-wealth-management-and-private-banking","tag-ai","tag-america-news","tag-artificial-intelligence","tag-cathay-innovation","tag-fintech-funding","tag-fintech-news","tag-fintech-solutions","tag-range-finance","tag-series-b-round","tag-usa-fintech-news","tag-wealth-technology","tag-wealthtech"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.9 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Range raises $28m in Series B led by Cathay Innovation<\/title>\n<meta name=\"description\" content=\"Range, the all-in-one AI WealthTech platform, has raised $28 million in Series B funding.\u00a0Cathay Innovation led the round,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/ai-wealthtech-range-raises-28m-in-series-b-led-by-cathay-innovation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AI WealthTech Range raises $28m in Series B led by Cathay Innovation\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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