Ongoing Evolution of Fintech Startups, Now onto Asset Management

Who wouldn’t want to manage their wealth by doing some investment? Indeed, asset management had always been a thing of the wealthy.

Despite the increasing importance of asset management, doubled with longer longevity for every individual, asset management is one of the very few areas that had not been ‘disrupted’ with technology yet. That is, asset management market, as big as  $33.5 trillion investable assets in the United States alone, is still run mainly through the traditional face-to-face and network-based transaction deals.

It was after more than six years of work experience in the investment banking sector that Sang Lee, the founder of DarcMatter, realized the inefficiencies brought by this close-off nature of the market. “For individual investors whose capital is not enough to be qualified as ‘accredited investor’, there is literally not a single way to expand their assets by investing in high-end investment vehicles for which at least hundreds of million dollars are required to close.” This alienates a great deal of potential investors from participating in private deals.

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