The company is among start-ups taking aim at
traditional banks and money managers. Wealthfront, a company
that provides automated investment management services for
individual investors, raised $35 million earlier this year from
Greylock Partners and others.
LendingClub, which allows borrowers and lenders to connect
directly, raised more than $100 million in debt and equity
earlier this year from T. Rowe Price and others. Check, which
helps customers track bills and bank balances, raised $24
million last year from Morgenthaler Ventures and others.
Canvas Venture Fund led FutureAdvisor's latest round. Founded in
2010 by two former Microsoft <MSFT.O> engineers, FutureAdvisor
has now raised $21.5 million from Sequoia Capital and others.
(Reporting by Sarah McBride; Editing by Cynthia Osterman)
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