Fortu Wealth

Idea

Please note, the campaign is labelled as SEIS eligible and the Company has £150,000 of its SEIS limit.

The first investor reflected in the campaign for £200,000 will not be seeking SEIS relief. Therefore, the remaining amount will be eligible for SEIS. Once the investment has £350,000 funded, investments will become EIS eligible. Any tax relief is dependent on personal circumstances and may be subject to change in the future.

Introduction

Fortu Wealth is building a sleek product for payments and investments for its own clients and a B2B SaaS solution for private banks, wealth managers, external asset managers & multi-family offices.

Substantial accomplishments to date

To date, we have been able to assemble a truly strong team of highly motivated professionals, who are engaged in the development and improvement of Fortu on a daily basis. Both co-CEOs bootstrapped with their own savings and are acting pro-bono until the Series A round of financing.

In the first three quarters of 2020, we developed and launched the beta version of Fortu Wealth mobile app and a desktop version of the application with the most essential features. We have started beta-testing, we are gathering feedback and improving the product in iterations.

Currently, we have partnership agreements with the top service providers for the payment and compliance services, including:

- Payment solutions and FX
- KYC and AML screening
- Swiss banking group as pilot customer

Please note, Fortu Wealth Limited does not currently have a licence to carry out regulated financial activities such as advice and asset management work, but they are applying for an appointed representative licence from the FCA.

Fortu is registered with the Financial Conduct Authority as an EMD Agent of Modulr FS Limited. Modulr FS Limited is Authorised and Regulated by the Financial Conduct Authority as an Electronic Money Institution.

Monetisation strategy

Currently, we have two revenue generating models that we plan to implement:

1. Subscription for Personal and Business account

2. Payments and investments platform for banks B2B - one pilot customer

Payments in the private banking world in many instances are done manually which leads to a lot of inefficiencies and customer dissatisfaction. With our SAAS or BAAS solution, we will aim to automate the payment process with access to API driven compliance monitoring tools.

Fortu Wealth plans to offer a completely digital BaaS platform to third party financial institutions. Our platform will empower fintechs and financial organisations to roll out new innovative solutions time- and cost-efficiently, assisting them with regulatory and technological challenges. We plan for Fortu’s integrated multi-asset investment platform to provides a single entry point access to a universe of integrations for wealth managers.

Use of proceeds

We are going to invest raised funds to gain more traction, which would lead us to a sizable series A round.

We bootstrapped with our own savings and so far we've received positive feedback from potential future institutional investors. We're seeking investments to put Fortu on the map.

Join us to make this big change happen!