UNest

UNest is a fintech company that gives parents the opportunity to invest and put off their children for the future. Opening a UNest investment account for children does not require paperwork and takes only five minutes using the application.

History

2021: Raising $26 million

On November 17, 2021, UNest announced it would raise $26 million in Series B funding, led by Artemis, with the participation of Northwestern Mutual Future Ventures, Franklin Templeton, Altair Capital, Launchpad Capital, OneWay Ventures and Unlock Ners Venture.

In 2021, UNest received a broker and dealer license, established partnerships with PayPal, added more than 300 thousand users, and also acquired two fintech companies Littlefund and Kidfund. These events strengthen the position of UNest as a leader in the family savings market. By November 17, 2021, UNest in total attracted almost $40 million from investors.

The service founded by a Russian woman to set aside money for study UNest raised $26 million

Ksenia Yudina, founder and CEO of UNest moved to the United States from Russia when she was 18 years old. When she graduated in 2009, she was at the epicenter of the financial crisis. Thus, she moved to real estate, where she helped people who could not make their mortgage payments go through loan modification and short sales. She later received a master's degree in business administration and a CFA certificate.

The growth of UNest significantly exceeded our expectations, mainly because we listened to the opinions of our customers who are looking for flexibility to save not only on education, "Ksenia said. "The fact that big financial institutions like Northwestern Mutual and Franklin Templeton are investing in this round confirms what we are building and points to where they think the industry is moving. We have set ourselves the task of creating a system in which everyone will have the opportunity to participate and develop, and we intend to continue to fulfill this promise.

The company will use funding to stimulate further growth and launch new functions, such as UNest Legacy, which will allow parents to buy individual shares and cryptocurrencies for their children.^[1][2]

Notes