Personal Capital Eyes IPO with New Fundraising

Digital wealth management startup Personal Capital has raised $50mn in a series F round; the fundraising was led by IMG Financial and reportedly values the firm at more than $600mn; they plan to use the capital to grow the advisory business, strike new partnerships and move into new segments of the market; “In this year, we’ll use this capital to go deeper into the core business that we built,” CEO Jay Shah in an interview with Business Insider. “And when I say that, I’m referring to the digital wealth management directed at consumer platform. Source.

  • Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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