BetterWealth FTS AB
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BetterWealth FTS AB - overview
Established
2016
Location
Malmo, -, Sweden
Primary Industry
Software
About
BetterWealth FTS AB is a digital investment service company specializing in modern portfolio management through low-cost index funds, aiming to optimize investment strategies for individual investors in Sweden. Founded in 2016 in Malmo, Sweden, BetterWealth provides digital investment services aimed at enhancing portfolio management. The company was co-founded by Andreas Pålsson, David Jönsson, and Henrik Jönsson, with Lennart Lundqvist serving as the CEO. BetterWealth raised venture funding from Collector Bank in December 2016, marking a significant milestone in its funding journey.
BetterWealth offers a digital investment service designed to provide modern portfolio management with low fees, primarily through its focus on index funds. The core product enables clients to quickly obtain an investment proposal by answering a few questions, after which they can open an account and transfer funds for automatic investment into a global portfolio of low-cost index funds. This service targets individual investors seeking an independent investment manager that leverages technology and research to optimize their portfolios while maintaining transparency and control. BetterWealth is positioned in the Swedish market, focusing on providing a high level of service to retail investors who value simplicity and cost-effectiveness in their investment strategies.
In 2022, BetterWealth reported a revenue of USD 25,767. 60 and an EBITDA of USD -554,806. Revenue is generated primarily through management fees associated with its investment services, emphasizing transparency and competitive pricing without engaging in commission practices. BetterWealth plans to utilize the funding raised from Collector Bank in December 2016 to enhance its product offerings and expand into new markets.
The company is currently focused on developing new features for its investment platform and aims to enter additional European markets by 2024 to increase its client base and enhance service delivery.
Current Investors
Collector Bank
Primary Industry
Software
Sub Industries
e-Financial, Accounting/Finance Software, Analytics & Performance Software
Website
www.betterwealth.se
Verticals
Artificial Intelligence
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
BetterWealth FTS AB - timeline of key events
BetterWealth FTS AB - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Jun 30, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | 360,000 | 122,086 | 254,591 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - | - | - |
| EBITDA (USD) | (2,245,299) | (3,013,955) | (4,493,664) | (2,829,045) | (5,626,866) | - | - | - |
| Operating Income (USD) | (2,245,299) | (3,013,955) | (4,493,664) | (2,829,045) | (5,626,866) | - | - | - |
| Operating Margin | - | - | (1248.2%) | (2317.3%) | (2210.2%) | - | - | - |
| % EBITDA Margin | - | - | (1248.2%) | (2317.3%) | (2210.2%) | - | - | - |
| NET Income (USD) | (1,765,272) | (2,365,666) | (5,642,063) | (2,829,045) | (5,626,866) | - | - | - |
| % Net Margin | - | - | (1567.2%) | (2317.3%) | (2210.2%) | - | - | - |
BetterWealth FTS AB - employee data
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