AI WealthTech company Range Raises $28 Million Series B Led by Cathay Innovation [Yahoo! Finance]
PDD Holdings Inc. - American Depositary Shares (PDD)
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Source: Yahoo! Finance
MCLEAN, Va. Nov. 26, 2024 /PRNewswire/ -- Range , the all-in-one AI WealthTech platform, raised $28 million in Series B funding, led by Cathay Innovation and joined by Gradient Ventures and other investors. This round brings the company's total funding to $40 million 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 percent more in fees than traditional wealth advisors. The wealth management industry is witnessing a seismic shift, and Range is at the forefront of this transformation," said Fahad Hassan , co-founder and CEO of Range. "Within 10 years, 95 percent of the population will rely on a trusted platform like Range. We're not just building another fintech solution—we're fundamentally democratizing access to sophisticated wealth managemen
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