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German fintech Naro secures $3M to boost investment product development.

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TLDR:

  • German fintech Naro closed a $3M pre-seed funding round to help companies build their investment products.
  • The funding was led by European investors La Famiglia and Discovery Ventures, among others.

German fintech Naro has successfully closed a $3 million pre-seed funding round to assist companies in developing their investment products. The funding round was led by European investors La Famiglia and Discovery Ventures, with participation from founders of European unicorns Flix and Forto, as well as other VCs and experienced operators in the fintech sector. Naro, based in Berlin, aims to enable companies to create custom investment products such as Exchange-Traded Funds (ETFs) and funds without having to deal with operational or regulatory burdens. This allows companies to tailor their investment products to their specific needs, moving away from generic, one-size-fits-all approaches that currently dominate the market.

Founded in 2022 by Chris PĆ¼llen and Nils Krauthausen, Naro’s goal is to revolutionize the fund infrastructure market by providing companies with the tools and technology to create their own ETFs and funds. By redistributing fund earnings among stakeholders and increasing companies’ share in the ETF and fund market, Naro aims to empower companies to realize their unique investment concepts and streamline the investment process. With its product range including ETFs, index funds, and money market funds, Naro caters to a wide customer base spanning brokers, financial platforms, insurers, and neobanks.

The recent funding round will enable Naro to strengthen its fund infrastructure through strategic partnerships, regulatory licenses, and technological advancements. The ultimate goal is to establish a robust European fund ecosystem that empowers companies to create tailor-made, technology-driven funds that align with their internal and external requirements without the burden of operational or regulatory constraints. By offering fair and long-term wealth-building solutions to individuals and companies alike, Naro aims to contribute to a more inclusive and accessible investment landscape.

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