A laureate of the latest CATAPULT Kickstarter competition, Luxembourg-based fintech Invoport has created an all-in-one digital platform for fund administrators, managers, and investors which provides real-time updates and reduces administrative burdens.
Luxembourg’s only laureate of LHoFT’s latest fintech accelerator, Invoport’s fund administration solution has already amassed more than 200 users and €238m in commitments in the first few months of its launch.
A tool for fund administrators, managers and investors alike, Invoport aims to take fund administrators into the digital age and adapt their services to the technological standards of today.
“Our platform automatically eliminates a large burden of manual work for fund administrators and managers, freeing up time so that they can focus on their big goals,” explains Mohammad Arrab, fintech founder and CEO.
From A to Z
On the one hand, the solution simplifies and digitalises all tasks related to the client relationship management of fund administrators and managers. This includes anything from investor due diligence to capital statements to client onboarding and document management.
“Our solution takes care of the investor relationship from A to Z from the first day that the client wants to start investing in a fund,” explains Mohammad.
On the other hand, the solution aims to make the investor’s life easier by cutting down on the time they have to wait for feedback and by providing templates and learning material.
“The platform visualises all the information about the investor in real-time, thereby preventing them from having to wait on the administrator to get back to them,” explains Mohammad, adding: “We have added a lot of documents and explanations to the platform designed to help investors better understand the processes and regulations they need to follow.”
An interactive tool
What makes Invoport unique in the eyes of its founder is that it integrates both CRM features and financial operations and that it allows for interactions between investors and fund managers and administrators.
“Even the very expensive fintech solutions only cover just the financial part. As far as I know, we are the only solution that covers the entire process from A to Z and makes it interactive between all the stakeholders.”
Mohammad Arrab, founder and CEO of Invoport
Although Invoport currently mostly works with SMEs, the solution can be adapted to any size company. The solution’s low cost of entry and flexible pricing options have already helped land its first clients and “progress a lot faster than expected.”
A member of the LHoFT, Invoport is focused on continuing its journey in Luxembourg and adding features such as DocuSign to its solution. While the platform is still in its early stages, the CEO and founder has no lack of vision when it comes to its future.
“We’re trying to build a platform that will have all the necessary features so that in five year’s time nobody will be able to compete with us,” explains Mohammad.
