Quartz launches in the UK with £2.75M to give everyone their own personal banker
I'm proud to open Quartz's doors today in the UK and to share that we've raised £2.75 million in pre-seed funding, led by Daphni with Outward VC and K Fund, alongside angels including Kantox founder Philippe Gelis and former N26 and Kraken CPO Gilles BianRosa.
Quartz is the first wealth platform built to truly understand you. It brings everything you own into one place and pairs it with Charlie, an intelligence that knows you, follows the markets continuously, and tells you what matters, when it matters. The experience of a personal banker, working with you 24/7, at a fraction of the cost.
We've been testing since the start of the year, with more than £10 million of our members' assets already tracked on the platform. From today, we begin welcoming members from our UK waitlist, in batches and by invitation.
Why we built Quartz
Wealth management has always forced a choice. Either you pay a premium for advice that is personal to you, or you settle for standardised products with minimal guidance. For most people, the first option was never really on the table.
I saw this first-hand at Revolut, where I led global expansion. Millions of people gained access to banking that was fast, transparent and built for them. But when it came to growing their money, the guidance that actually moves the needle stayed expensive, manual and largely reserved for the wealthy.
Small differences in how your money works compound into enormous differences in how your life goes. The tools and guidance that help people get on the right side of that compounding shouldn't be reserved for a small niche of people. Alongside Mateus, my co-founder, and a small group of exceptionally talented people, we've built a team with the ambition to change that for millions.
What we've built
Trust sits at the foundation of Quartz. Over the course of the last year, we built our own aggregation technology for brokers and pensions and registered with the FCA as an Account Information Service Provider. In plain terms, that means we are authorised to securely connect to your accounts, with your permission, and bring your financial picture together in one place. We've built our own connectors across pensions, ISAs, savings and investment accounts so that Quartz can understand wealth that would otherwise sit fragmented across different providers.
On top of that sits Charlie, your new personal banker. Charlie learns about you and your goals, watches the markets so you don't have to, and surfaces what is relevant to you, when it is relevant. At Quartz, you can talk to your portfolio and it talks back to you.
Our investors
I'm grateful to be building Quartz with Daphni, Outward VC and K Fund behind us, alongside angels who have built and scaled exactly the kind of companies we admire.
The wealth management industry has always been very good at serving its non-digital native clients, but it isn't equipped for the new generation, whose expectations are entirely different. Quartz is the first team we've seen with both the product instincts and the regulatory foundations to serve them properly.
— Paul Bazin, Partner at Daphni
Together, they give us the backing to build with the ambition this problem deserves.
Just the beginning
Launching is a milestone, but we're only getting started. We are building the wealth platform we always wished existed, and we're building it with our members, whose feedback directly shapes what comes next.
Your experience is everything to us and we have been deliberate about how we open up. Admissions from the waitlist will be paced in batches by invite, because every new member's first experience matters more to us than how quickly the numbers grow.
Today is the first step.
André Silva
Co-Founder & CEO