Berlin FinTech Forget Finance Raises 3.5M Euros

Berlin personal finance FinTech Forget Finance raised 3.5 million euros ($3.96 million) in seed funding led by venture capital firms btov Partners and UVC Partners, the startup announced in a press release emailed to PYMNTS on Wednesday (Feb. 23).

Launched two years ago by Jurek Herwig and Konradin Breyer, Forget Finance is striving to become the first finance app that taps artificial intelligence (AI) bots and in-real-life financial experts to encourage younger generations to save and invest.

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“The two founders of Forget impressed us immediately with their vision of adapting financial advice and personal banking to the needs of a digitally savvy generation. Although stock investing with Trade Republic and Co. has reached mobile phones, many young people lack financial education and guidance. This is where Forget Finance, with the first personalized financial platform to fit the lifestyle of young people, comes in,” said Luca Martinelli, a partner at btov.

The Forget Finance app can help millennials establish financial goals, make investments and automate their money management for the long term. A new type of hybrid financial advisor — the AI bot, Coin — is open to users any day or time. Coin dispenses personalized insights of a user’s financial plans right within the app.

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Advice from human experts is available via WhatsApp,…

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