18. June 2020
The long-awaited overview of the investments made to investment platforms Crowdestate and Funderbeam was added to LHV internet bank for the first anniversary of the alternative investment service. In addition to private clients, companies can now also use the service.
By using the alternative investment service, LHV’s client receives a convenient overview of all their largest investments on these platforms in the internet bank, and the remaining available funds can also be seen there. The goal of the service is to bring together the client’s OTC and exchange investments in the form of a comprehensive overview, thus enabling them to gain a better understanding of the development of their entire portfolio.
Both added investment platforms are the leading service providers in Estonia, and also in Europe, in their segment: Crowdestate in real estate loans and Funderbeam in financing and trading for growth companies. The new partners will be added to the Coinbase and EstateGuru platforms, which LHV clients have been able to conveniently see from last year.
‘The goal of LHV's investment services is to help its clients raise capital. A clear overview of your own financial affairs is an essential first step in successful investment activity. With the alternative investment service, we bring everything the client needs into one channel and into the same format – a comprehensive overview of their financial affairs. It can be seen that the diversity of LHV's clients’ investments is constantly growing, and therefore we see the bank’s role as a reduction of complexity for the customer. With such new strong partners like Crowdestate and Funderbeam, we are taking a big step closer to our goal’, said Martin Mets, Head of Investment Services at LHV.
According to Kaidi Ruusalepp, founder and CEO of Funderbeam, their goal is to connect growth companies and investors through convenient environments. ‘LHV’s clients can now monitor their Funderbeam investments in the LHV environment, which in turn opens the door to following similar partnership opportunities. We are honoured to work with such pioneers as LHV’, she said.
The fast-growing popularity of mutual funds has made asset classes previously only owned by professional investors available to anyone interested, and hundreds of thousands of investors invest on larger crowdfunding platforms’, said Loit Linnupõld, founder and CEO of Crowdestate.
He added that displaying alternative investment portfolios in their home bank’s internet bank is a logical step for investors to see an overview of their assets and liabilities. ‘Such interfaces and their possible future developments are a good example of cooperation between traditional banking and financial technology companies’.
An LHV client can display information about their alternative investment accounts in the summary view of LHV internet bank by going to the option “Alternative investments” in the section “Growing funds”, marking the desired platforms, and identifying themselves. From now on, LHV's legal person clients can also use the alternative investment service.
LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group’s key subsidiaries are LHV Pank and LHV Varahaldus. LHV employs nearly 470 people. LHV’s banking services are used by more than 221,000 clients, and pension funds managed by LHV have more than 178,000 active clients. LHV’s UK branch offers banking infrastructure to more than 120 international financial services companies, via which LHV’s payment services reach clients around the world.All news