The all-in-one AI WealthTech platform, Range has received $28m in Series B fundraising, with Gradient Ventures and other investors joining Cathay Innovation as the lead. With this round, the company has raised a total of $40m.
For decades, consumers have had access to the same kinds of wealth management services from traditional financial advisers.
Go deeper with GlobalData
With their newly developed AI engine, Rai, Range is redefining the industry. They may therefore offer better advise 10–20 times faster and save their members 75–90% more in costs than typical wealth consultants.
Range now advises approximately $3bn in assets and has more than 1,000 high-net-worth members in less than two years.
The additional funding will support Range’s aggressive growth strategies, speeding up product development and growing its technical staff to improve its AI-powered platform.
This investment coincides with an unprecedented demand for Range’s all-inclusive wealth management solutions, which smoothly integrate insurance requirements, tax preparation, estate planning, retirement planning, and investment services.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe firm was co-founded in 2021 by Fahad Hassan and David Cusatis. It links all aspects of wealth management, such as tax filing, estate planning, retirement planning, insurance, and investing, and its in-house financial consultants maximise each member’s portfolio.
Range charges a straightforward, flat fee rather than a percentage of a client’s wealth.
Hassan stated: ‘The wealth management industry is witnessing a seismic shift, and Range is at the forefront of this transformation. 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 democratising access to sophisticated wealth management for all Americans.’
Simon Wu, Partner of Cathay Innovation added: ‘By and large, the wealth management industry hasn’t changed in more than 75 years. Fahad, David, and the entire Range team are bringing much-needed innovation to an outmoded industry with a service that’s affordable, convenient, and provides holistic insights and advice in hours versus months or quarters. We look forward to partnering with them to supercharge their success.’
