Fintech Naro Raises $3M to Capitalize on Europe's ETF Market Growth
By
Santiago Ríos Silvestre
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
Cologne-based fintech startup, Naro, has raised $3 million in pre-seed funding to tap into the growing market for ETF products in Europe. Founded in 2022, the startup aims to provide white-label services to banks, funds, and brokers, capitalizing on the rapid growth of the European ETF market. Naro's solution seeks to bridge the gap between brokers and clients, offering bespoke options with lower fees and replacing legacy mutual funds. The funding round was led by Berlin's La Famiglia and will be used to expand the startup's team and forge partnerships with potential customers.