HighWave Capital chooses Luxembourg to develop its new robo advisor

The French startup sets up in the Grand Duchy, where the fintech ecosystem is more in keeping with its ambitions.

On 27 February the French fintech startup HighWave Capital presented an innovative application which integrates the entire value chain offered by a roboadvisor,

using the principles of behavioural finance to scientifically determine savers' risk aversion and optimise asset allocation.

Leaving Paris for Luxembourg

HighWave Capital decided to set up at the Lux Future Lab incubator in Luxembourg City in order to develop its new application. According to the company's president and co-founder David Furcajg, Luxembourg has an appropriate fintech ecosystem and a responsiveness that was missing in Paris, where the startup had its headquarters.

Improving everyday life and supporting the economy

The startup tailors its services to banks, insurance companies and asset management companies that want to digitise their offering rapidly and at a lower price. It carries out and implements a tailor-made solution for them from back-end to front-end, regardless of the specifications. The application is entirely modular and includes:

• A behavioural questionnaire that meets MiFID standards;

• Behavioural asset allocation and reallocation;

• A portfolio simulator;

• A bank account aggregator;

• A chatbot.

Luxembourg, initiator of a European HPC network

The arrival of HighWave Capital in Luxembourg is great news which consolidates European cooperation in the field of high performance computing (HPC). On 23 March 2017 the Minister of the Economy Étienne Schneider signed a declaration which officially launched a collaboration between the signatory countries (Germany, Spain, France, Italy, Luxembourg, the Netherlands and Portugal) in order to implement a European HPC network, which the Grand Duchy initiated. The creation of the future 'EuroHPC' is planned for the second quarter of 2018.

(Article written by the editorial team of the luxembourg.lu portal / Source: press release by HighWave Capital)

  • Updated 07-05-2018