Healthwalk Advisor, a financial technology firm, based in London and India, raises an undisclosed amount of funding from UK firms – Global Advisors (Jersey) Ltd and Horseferry. The company is the registered owner of maxmywealth.com
Global Advisors Ltd. is a cutting-edge alternative asset management firm and a leading investor in the blockchain ecosystem, led by its co-founder Russell Newton. Horseferry is a diversified investment company which is led by Senior Advisor, Mr. Gibbons. As the part of the deal, both the investors have acquired a significant minority stake in the company.
Commenting on the investment, Mr. Gibbons said:
Horseferry is delighted to have invested in Heathwalk Advisors. This is an exciting moment to tap into the growth of India middle incomer earner and that they could invest in mutual funds rather than saving through fixed deposit
Further adding to that, Russell Newton said:
We were impressed by the maxmywealth app and the Company’s vision and are looking forward to supporting its growth
As the part of the deal, Russell Newton, co-founder of Global Advisors (Jersey) Ltd, will join the Board of the Company. And also, Mr. Gibbons will provide strategic guidance to MayMyWealth.
Launched in India in February this year, Maxmywealth is a platform which enables the user for intelligent savings and investment application to select the best mutual funds using proprietary research by a team based in India and UK. The company also provides people with prudent savings and investing options, automatically, in a state of the art fluid interface.
The company provides cutting-edge features such as expected wealth views, interactive graphs, goal tracking and forecasts, intelligent withdrawal, and tax loss harvesting. The company is also connecting marketable securities to ATM’s and POS through a VISA card, providing people with an alternate way of saving by circumventing the Banks while ensuring access to money on-demand through traditional cash and payment infrastructure (ATMs, POS, transfers, bill payments).
Russell Newton, co-founder of Global Advisors (Jersey) Ltd, will join the Board of the Company. Before co-founding Global Advisors in 1999, Mr. Newton held the position of Global Commodities Strategist with J.P. Morgan in London. Prior to this, he was Head of European Energy Trading at J.P. Morgan.
Horseferry is a diversified investment company investing in businesses involved in industry transformation with strong fundamentals and operate on sound business principles. The investment in MaxMyWealth is led by Senior Advisor, Mr. Gibbons, who is a former CEO, trader, and investment advisor to the oil industry.
The company is planning to launch its platform in the UK, Singapore, and other geographies over a period of time.