WMCockpit, the wealth technology company headquartered in Singapore with operations in the UAE (DIFC), announced Tuesday that it has raised $1 million capital from Galaxy Investments Limited, a Dubai-based private investment vehicle.

WMCockpit said in a statement that this marks the first time in its three years of existence that the firm has opened its capital to external investors.

Beyond providing equity funding, Galaxy Investments will bring its extensive network of private banking and family office relationships to support WMCockpit’s growth trajectory.

The capital will be used to advance the development and deployment of WMCockpit’s artificial intelligence (AI) technology underpinning the holistic estate advisory component of its platform, to expand the company’s market reach globally as well as to create a static capital buffer further cementing the perennity of the company.

“We are opening our capital for the first time after three years in operation and are delighted to welcome Galaxy Investments not only as a shareholder but also as a partner,

“This investment will allow us to increase the speed of our development to better serve our existing and prospective clients,” said Dominique Jooris, Chief Executive Officer of WMCockpit.

WMCockpit continues to establish itself as a leader in wealth management technology, providing innovative tools that enable financial institutions, family offices, and advisors to deliver enhanced, data-driven services to their clients.

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