The company is redefining wealth management, driving robust financial growth for diverse, passive, high-net-worth and DIY investors
Vyzer, an innovative digital wealth management platform, has successfully raised a Seed round of $6.3 million from leading VCs, angel investors, and family offices including iAngels, Guy Gamzu, MonetaVC, Jonathan Kolber and Rafi Gidron. Leveraging AI technology, Vyzer transforms data into potent wealth-building strategies and grants investors access to a unified portfolio view. This comprehensive offering encompasses financial analysis, advanced planning, tracking, automated data management, insightful analytics, peer benchmarking, and forecasting, which are all seamlessly accessible through a single holistic dashboard.
Amid the largest wealth transfer in history – an anticipated shift of $68 trillion from baby boomers to their heirs – a whole new cohort of investors needs to quickly become financially savvy. With over 22 millionaires in the US alone, many from the ranks of the younger, more tech-savvy generations, the urgency for effective wealth management tools with a holistic, transparent, and comprehensive approach to wealth management has never been greater.
At the same time, individuals and families navigating sophisticated investment portfolios often face the daunting task of managing a variety of financial assets and asset classes, including balancing multiple passive income streams, responding to capital calls, deciphering financial statements, and handling numerous public and private investments. These complexities, with different levels of liquidity and time horizons, often occur within intricate holding structures. Vyzer’s AI-powered platform addresses these challenges, democratizing wealth management services by eliminating the need for conventional high-cost models and financial advisors, all for a flat annual fee. Vyzer goes beyond simply organizing and overseeing assets; it actively fosters their preservation and enhances portfolio growth potential, making wealth management accessible and understandable. For those put off by the steep fees tied to traditional wealth management or leaning towards a DIY approach but hindered by the limitations of spreadsheets, Vyzer provides an empowering and affordable alternative to control their finances.
“This investment marks a significant milestone for Vyzer, enabling us to enhance our platform and expand our reach,” said Vyzer Co-Founder and CEO Litan Yahav. “Vyzer is making billionaire wealth management back-office capabilities accessible to everyday investors. The funds will enable us to enhance our platform’s AI capabilities, develop new features, and broaden our market presence. Our ultimate goal is to simplify and streamline complex wealth processes for our customers, equipping each member with greater insights and control. This, in turn, empowers them to maximize their investment potential and foster wealth growth.”
Powered by advanced AI and sophisticated algorithms, Vyzer optimizes cash flow management and investment foresight, obviating the need for labor-intensive manual data entry and reducing expenses. A standout feature of Vyzer’s solution is its peer benchmarking tool, which harnesses the platform’s AI capabilities to provide clients with unparalleled insights into investment strategies, fund managers, and similar investors’ activities. This empowers users to make informed investment decisions and anticipate financial trajectories that were once considered futuristic. By providing such transparency, Vyzer addresses a critical need in the private market investment industry, notorious for its dearth of information and opacity.
“High-net worth individuals are increasingly gravitating towards private investments – from real estate and startups to private equity. However, the lack of digitization in the management of these alternative investments presents significant challenges when it comes to achieving a holistic overview of their portfolios. Vyzer’s solution provides investors with broad and transparent visibility into their portfolios. It allows them to capitalize on the ever-growing investment landscape by making informed and timely decisions, and it enables them to effectively scale their portfolios at an affordable cost,” said Shelly Hod Moyal, Founding Partner of iAngels. “iAngels is thrilled to partner with Litan Yahav and Tomer Salvi, who prior to Vyzer, successfully founded and sold their first company Segoma, began investing and experienced first-hand the market need for the next generation of digital investment management solutions.”
In an effort to provide added value to like-minded individuals, Vyzer collaborates with private investor communities such as Left Field Investors, Wealth Without Wall Street, GoBundance, and Private Investor Club, equipping them with strategic tools and expertise to drive financial success.
Vyzer is a cutting-edge wealth management platform that leverages the power of AI and advanced technology to simplify the complexities of managing diverse investment portfolios for sophisticated investors. The platform offers a consolidated view, automates data aggregation, provides performance tracking, and employs advanced financial planning tools via an intuitive user interface. Committed to transparency and client-focused services, Vyzer is set to redefine the way investors manage their financial lives. Co-founded by Litan Yahav, Tomer Salvi, and Guy Gamzu, the company has offices in Israel and New York.
Climate tech Startup Bio-Logical raises $1m Seed round: Kenya’s Agricultural Sector to Get a Boost from Bio-Logicals Landmark Biochar Carbon Removal Facility
Climate tech company Bio-Logical has raised a $1m seed round to scale up its operations in Kenya, facilitating its mission to build climate resilient communities of smallholder farmers around the world.
Smallholder farmers are facing a dire outlook with faltering harvests, increasingly extreme weather and skyrocketing fertiliser prices becoming increasingly common due to climate change. Bio-Logical addresses this challenge through a circular economy, transforming waste into biochar, a super material that sequesters carbon for millenia and regenerates degraded soil. Their biochar is then incorporated into an organic fertiliser which is distributed to smallholder farmers in the region, regenerating land, increasing crop drought resistance and boosting yields by over 50%.
“Bio-Logical was founded on the belief that Smallholder farmers should not suffer at the hands of a climate crisis they have played no part in. At present, soil degradation and changing weather patterns due to climate change is directly threatening the livelihoods of 500 million smallholder farmers around the world.” Rory Buckworth, Co-Founder
Utilising its innovative technology, Bio-Logical’s first site will be the largest biochar production facility in Africa. It will transform over 30,000 tonnes of agricultural waste a year into biochar, sequestering 25,000 tonnes of CO2. This process will generate carbon credits, the revenue from which will be used to subsidise its resilience building fertiliser for smallholder farmers, boosting yields and reducing fertiliser costs.
“We believe carbon credits should do more than simply remove carbon from the atmosphere and instead should be used to build the resilience of climate vulnerable communities” Philip Hunter, Co-Founder
The funding round is led by the Steyn Group alongside Angel Investors Rob Konterman, Luke Calcott-Stevens and Jochem Wieringa. The round will go towards the development of Bio-Logical’s first Kenya site which will pave the way for its expansion throughout the region that will see the company scale to support 1 million smallholders and sequester 1 million tonnes of CO2 annually by 2030.
According to setscale, More than 50% of US Small Businesses are Unaware of Federal Government Contracts, Losing $84 Billion a Year in Valuable Deals
Setscale, a purchase order financing company, reports on small business financing, highlighting the lack of access to US government contracts
Setscale, the purchase order financing company, released today its first-ever report on US small business financing. The report surveyed US small business owners to better understand some of the financial barriers to small business ownership, including their awareness of federal government contracts for small businesses.
More than half (52%) of all surveyed small business owners revealed that they aren’t aware of the specific contracts the US federal government awards to small businesses each year, missing out on approximately $84 billion* per year.
Government contracts are well-valued and often serve as a gateway to a steady source of income and small business growth. More than 70% (71%) of surveyed US small businesses say that they’re aware of lucrative and reliable government contracts, but more than half (52%) say they don’t know what specific contracts are available to them. And over a quarter of US small businesses (29%) are completely unaware that the federal government awards contracts to small businesses.
This report highlights that the federal government is investing in small businesses in record-high amounts, but business owners are still struggling to fill open government purchase orders. Almost 70% (69%) of US small businesses struggle with cash flow and working capital, preventing them from meeting the demand of a government contract. Many businesses pursue lines of credit from a bank or financial institution to fulfill purchase orders, but these are costly and hard to obtain. Alternative finance like purchase order financing can help these businesses secure and fulfill valuable government contracts.
Moreover, US small business owners say that a lack of cash flow and working capital prevents them from securing government contracts. At 22%, a lack of cash flow or capital is the second most popular reason that prevents US small business owners from securing a government contract. The most popular reason they aren’t securing government contracts is due to a lack of time and resources (25%).
“Our small business financing report sheds light on an issue that more than half of surveyed business owners know all too well – that even though the US federal government is awarding a record number of contracts to our small businesses, they’re still struggling financially to fulfill open purchase orders, potentially losing out on more than $80 billion each fiscal year,” comments Daniel Fine, Founder and CEO of Setscale.
“Government contracts are fierce competition for US small business owners for a reason. They’re reliable, well-valued, and often lead to steady sources of income. However, due to a lack of knowledge of the specific government contract awarding process, business owners are unsure if they can fulfill the government’s open purchase orders without pursuing a line of credit from a bank or financial institution,” elaborates Fine. “With interest rates at an all-time high, it’s an incredibly bad time to be a borrower. PO financing allows a small business to quickly bid on a contract, finance the full transaction, and scale operations to meet the size of the order.”
*In Fiscal Year 2022, the US federal government awarded $162.9B in federal contracting opportunities to small businesses. 52% of surveyed US small business owners reported that they aren’t aware of the specific contracts the US federal government awards to small businesses * $162.9B = $84B in lost opportunities.
Setscale designed and executed research for this report in collaboration with Censuswide. 251 US small business owners in companies with less than 50 employees (aged 18+) were surveyed online in October 2023. Censuswide abides by and employs members of the Market Research Society which is based on the ESOMAR principles.
Setscale is a fintech startup solving the trade financing dilemma for small businesses. Small businesses frequently get purchase orders, but don’t have the money to fill them. Through its PO financing technology, Setscale finances the cost of those goods, allowing small businesses to focus on product and sales, enabling them to scale. Setscale is an ideal partner for SMBs, coming in where traditional financial institutions won’t, enabling SMB’s to finance their growth. Setscale funds supply. You meet demand.
Monsha'at leads delegation of Saudi startups at Web Summit 2023
As part of its work to showcase the growth of the Kingdom’s SME sector, Monsha’at, the Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia, took part in Web Summit 2023: one of the world’s leading technology conferences.
Held from 13 to 16 November 2023 — in Lisbon, Portugal — the event provided Monsha’at the opportunity to spotlight Saudi Arabia’s most innovative SMEs. The authority led a delegation of Saudi start-ups, calling attention to their success and contributions to the national economy. Moreover, the event provided a platform for industry leaders, including policymakers, heads of state, and tech CEOs and founders, to address global challenges.
Sami Al Hussaini, Governor of Monsha’at, said: “2023 has been a landmark year for Monsha’at and the Saudi SME sector, with the number of start-ups in the Kingdom growing to over 1.2 million. While we have made a great deal of progress, we can achieve more. Launching innovative partnerships with businesses and entities around the world is essential. Events such as Web Summit 2023 enable us to do that, immersing some of our leading start-ups in an energized environment conducive to collaboration, innovation and growth.”
Saudi Arabia’s start-up ecosystem is currently undergoing a period of rapid growth. Amid the continued expansion of its non-oil sector, the Kingdom achieved one of the highest economic growth rates in the world last year and has been recognized as one of the best-performing countries in terms of leveraging reforms to improve its business environment. In Q2 2023, the Kingdom led the region in VC funding and capital raised, accounting for 42% of MENA funding at a value of $446 million.
Among the Saudi start-ups participating in Web Summit 2023 were: Zid, Lendo, Nuqtah, Syarah, Asasat Advanced Systems, Wosul, Kabi, Master Works, resal, WhiteHelmet, Mustadem, and Tachyon.
Monsha’at’s participation at WebSummit follows its recent participation in other world-class conferences, including SWITCH Singapore, and ComeUp Korea, where it has helped connect some of the Kingdom’s leading start-ups with the international business and investment communities.
Monsha’at was established in 2016 with the aim of regulating, supporting, developing, and sponsoring the SME sector in the Kingdom in accordance with global best practices, in order to increase the productivity of SMEs and their contribution to GDP.
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