Fundbase was founded in 2013 in Zurich by the founders of Nectar Digital Wealth (NDW), a Swiss Analytics and Artificial Intelligence (AI) technology firm. Fundbase is the first online market place that connects professional investors looking to include alternative investments in their investment process with a universe of alternative investment funds. The startup helps investors source high-quality alternative investment solutions through a unique online marketplace that collates research and portfolio management information for each fund and provides a communication portal to fund promoters. Fundbase over the years has developed some of the most sophisticated investor support tools in the market, including a personalised matching algorithm.
Zurich-based ACOLIN has taken over Fundbase from NDW. ACOLIN helps its clients to access new markets, meet regulatory obligations and grow assets under management across multiple jurisdictions. The business currently provides services to over 600 asset managers representing some 1800 investment funds across 30 countries. The company employs around 85 staff and, in addition to its headquarters in Zurich, has subsidiaries and offices in Belgrade, Constance, Dublin, Frankfurt, Geneva, London, Madrid and Milan.
The acquisition of Fundbase enables ACOLIN to better serve its clients, delivering a sophisticated platform technology that can be further developed through the addition of ACOLIN’s own investor network and service offering to clients. Asset managers will have access to a suite of digital tools designed to support them in finding the most suitable professional investors for their product strategies, whilst investors can access and assess a range of high-quality investment products through a unique online marketplace that collates data documents for each fund to support their fund selection process. ACOLIN will continue to work closely with Nectar Digital Wealth on the further development of these services.
The Fundbase team will become part of the ACOLIN family with Neil Stiefel taking up the role of ACOLIN Fundbase CEO and member of the ACOLIN Group Executive Board. “The Fundbase team is excited to join ACOLIN and to become part of a company that is a leader in its field. Together we have a very promising vision and have the opportunity to create a market-leading offering in the asset management industry,” said Stiefel.
Michael Appenzeller, founder of Fundbase and Chairman of Nectar Digital Wealth AG added: “In ACOLIN we have found the right partner to take Fundbase to the next level to realize the full potential of the technology and network. Nectar Digital Wealth will remain a partner of ACOLIN to leverage our broad network of alternative funds and investors, and I am looking forward to working together to deliver on our joint-vision enabling further digitalization of the fund marketplace.”