MyFO, a platform for family offices and the wealth management professionals who service them, has raised $3.5 million in a seed funding round led by Rhino Ventures.
The new funds will be used to scale MyFO’s operations to meet growing demand, enhance its product offerings and expand its team.
MyFO simplifies and organizes financial lives by creating a comprehensive family office platform that consolidates data, documents and stakeholder management. Although traditional client onboarding can take up to 18 months, MyFO enables it to be completed in a few hours. The platform integrates real-time data from more than 20,000 sources, including banks, brokerages and private equity firms.
The platform provides a holistic view of a client’s assets and enhances wealth management professionals’ ability to track assets, manage documents and offer advice.
The family office industry is growing at a substantial pace, notes MyFO. According to recent reports, the nu
