Blueopes Automized wealth management service focused on sustainable investments Country: Hungary | City: Budapest | Employees: 4 Year Started: January 2016 | Sector: Wealth Management Product stage: Prototype | Website: blueopes.com Team Product Team Founders: What is it? Automated investment service focused on socially Balazs Faluvegi, CIO/CEO responsible investments (“SRI”) for millennials who do 10+ years of experience in fund management, not have access to affordable and sophisticated investment and SRI focused wealth management financial advice and do not have the option to reflect Miklos Kovacs, COO their value preferences in their investment portfolios. 10+ years of experience in fund management, venture capital, business strategy and startups. Currently Revenue model: Software as a service (SaaS) working @ iEurope Capital, a US based venture capital fund Scalability: Ferenc Szalai, VP of Modeling Previous funding: N/A 10+ years of experience in technology, programming, Average monthly revenues: N/A building financial models using quantitative techniques Planned fundraising: 200,000 EUR Gergely Szanto Experienced software engineer - currently working @ LogMeIn Employees, Advisors & Investors: N/A Market What is the need or problem being satisfied? Wealth management in Europe is a major market opportunity given the very low level of confidence in the financial sector and the ageing of Europe’s population together with the lack of affordable advice. Competitive Advantage: - Automated wealth management solution focused on socially responsible investment ("SRI") - unique portfolio optimizing algorithms, using ESG as a factor, SRI-focused product features (e.g. measuring triple bottom line effect on the users’ portfolio), - As more data is collected, portfolio recommendations get better over time as the AI improves - Unique access to developer and math talent in the CEE region at a reasonable price point Market Size: Wealth transfer from baby boomers to millennials ($30 trillion in the US) to take place over the next few decades will offer a massive opportunity for SRI-focused advisors, given that 67 % millennials believe investments ‘are a way to express social, political and environmental values’ (compared to 33 % of baby boomers).