Masttro, a New York-based wealth tech company, raised $43M in Growth Equity funding.
The round was led by FTV Capital, with participation from Citi Ventures. With this growth investment, Fierro and Giovanni Bacarella, vice president at FTV Capital, will join Masttro’s board of directors, and Kyle Griswold, partner at FTV Capital, will join as a board observer.
The company intends to use the funds to accelerate its growth through market expansion and R&D for its innovative software platform including wealth data aggregation, synthesis and visualization, leveraging artificial intelligence.
Led by CEO Padman Perumal, Masttro is a wealth tech platform serving family offices, financial advisors and large institutions managing the wealth of ultra-high-net worth (UHNW) families. It provides accurate, full-picture data to give wealth owners and their advisors control, and transparency to make informed, data-driven decisions in real time. The company offers a wealth overview covering all illiquid and liquid investments to liabilities and passion assets. It comes with a comprehensive suite of features including direct data aggregation and AI driven document data extraction to construct the basis for powerful interactive real time analysis and reporting needs– all protected by cybersecurity architecture and data security protocols.
Masttro has tripled its business over the last three years and is now serving hundreds of clients, from independent family offices to multinationals. Headquartered in New York with offices in Zurich, Monterrey, Mexico City and Santiago, the company serves a global client base with local resources.
FinSMEs
10/03/2023