WealthTech developer Startburst takes $6.25m to build more apps

FinTech app developer targeting investors, advisors and brokers Starburst Labs has closed its Series A round with $6.25m.

Bel45 Capital Partners led the funding with a $5m investment while existing backers from the company’s seed round made up the rest of the round. It brings the app-maker’s total financing to $10.3m.

Startburst Labs creates, designs, develops and operates web and mobile apps for investing consumers, financial advisors, broker-dealers and financial media publishers.

The company will use the capital in part to accelerate the growth of its Wealthbox CRM product.

The customer relationship management system is sold by investment and wealth giant Fidelity to its customer base of more than 40,000 through its eMoney Advisor tools.

Startburst Labs will also use the funding to hire more staff across its New York and Providence offices to aid the further development of its suite of separate wealthtech products.

Products in the company’s pipeline include online community for investors and financial professionals InvetsorSay, simulated stock market trading platform PaperTtrade.io and content network and online engagement platform to connect consumers to advisors Wealthbase.

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