Home Alternative Investments HSBC AM Invests in Fintech Quantifeed

HSBC AM Invests in Fintech Quantifeed


HSBC Asset Management has led a round of funding for Quantifeed, an Asia-based wealth management software player.

The alternative investments business at HSBC Asset Management, called HSBC Alternatives, led a series C funding round in Quantifeed, which provides white-labeled platform software for financial institutions, the company said in a press release Thursday. In addition, Daiwa PI Partners was an investor in the round, while current shareholders Franklin Templeton and LUN Partners Group also invested, the release said.

Quantifeed declined to disclose the quantum of the round to finews.asia.

Hiring Plans

The company said the funds are earmarked to bolster its services for advisors, portfolio managers and end-customers, with improvements to portfolio design, advice and trading products as well as adding new asset classes, such as structured products, private equity and digital assets. Quantifeed said it planned to speed up hiring, particularly in Japan and Southeast Asia.

So far, Quantifeed operates in Hong Kong, Singapore, Japan, Australia and India, and has deployed its QEngine product for wealth management to clients including DBS Bank in Singapore, MUFG Bank in Japan and Cathay United Bank in Taiwan, the release said.

Quantifeed’s series B investors included Legg Mason, Cathay Financial Holding, YungPark Capital and Cyberport Hong Kong, according to data from Crunchbase. Previous funding rounds raised a total of US$14.5 million from eight investors, the data showed.

HSBC Asset Management had US$640 billion under management as of end-2021, according to the asset manager’s website.

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