Celebrating a Year of Monumental Growth and Innovation at Masttro

March 20, 2024
| By
Padman Perumal

"The wealth management landscape is evolving rapidly, and Masttro stands at the forefront of addressing these shifts."

Key Takeaways

Celebrating a Year of Monumental Growth and Innovation at Masttro

As we mark the one-year anniversary of Masttro's landmark $43 million growth equity investment led by FTV Capital, I find myself reflecting on the incredible journey we have embarked upon together. This momentous milestone offers not just a chance to celebrate our achievements but also to acknowledge the progress we've made towards revolutionizing the wealth management industry.

Our partnership with FTV Capital, a firm with a storied 25-year history of nurturing growth in financial services and enterprise technology, alongside participation from Citi Ventures, was a pivotal moment for us. It underscored our commitment to expanding our global footprint and advancing our mission to serve the complex needs of the ultra-high-net-worth ecosystem with an unparalleled software solution backed by a team of wealth experts and best-in-class R&D.

Over the past year, we've leveraged this investment to fuel our market expansion and drive innovation in our platform, focusing on wealth data aggregation, synthesis, and visualization. Our efforts have been bolstered by artificial intelligence, with the launch of Document AI, automating the ingestion and data handling of capital calls and distributions for private investments. We expanded the capability of our API, added new custodians, new reporting capabilities and data quality improvements across the entire platform.

The wealth management landscape is evolving rapidly, influenced by the largest intergenerational wealth transfer in history and a growing demand for digital transparency and access. Masttro stands at the forefront of addressing these shifts, offering a 100% view of total net worth through a platform designed from the ground up to meet the unique challenges of managing ultra-high-net-worth family wealth. Our solution provides direct digital access, real-time visibility, and a top-quality user experience, which we believe the industry truly needs.

I am immensely proud of our team, and of the progress we've made. Masttro has not only significantly grown its new business but has also expanded its footprint globally, serving new clients from independent family offices to large financial institutions across in New York, Zurich, Mexico City and beyond. The journey ahead is filled with opportunity. As we continue to scale and evolve, our focus remains steadfast on revolutionizing the wealth tech space, empowering family offices and institutions with the control, transparency, and peace of mind necessary to make informed, data-driven decisions.

I would like to extend my deepest gratitude to our users, partners, and the Masttro team for their trust, commitment, and hard work. Together, we are setting new standards in wealth management, driven by innovation, excellence, and a shared vision of the future.

Here's to many more years of success and transformation.

Padman Perumal

Chief Executive Officer, Masttro

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