Burman Family Holdings: Wealthtech startup Centricity raises $4 mn funding led by Burman family office

Started in 2022 by former Senior Private Bankers, Centricity aims to build a tech solution for a largely unorganised independent financial advisors (IFA) community and former private wealth professionals. "Centricity aims to build a full-stack open-source financial services platform for IFAs, external asset managers (EAMs) & single-family offices (SFOs) to manage investment portfolios. Centricity plans to use the funds to strengthen teams across technology, investment product, and sales functions and increase brand awareness. It is encouraging to see experienced professionals from the private wealth management ecosystem identify value gaps on the technology front and build solutions around them. The key here is to understand existing propositions and pain points for both relationship managers and clients, and then work with industry-specific technology teams," said Saket Burman.