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Wealthtech startup Altruist ascends to $1.5B valuation

The LA-based fintech challenging goliaths Schwab and Fidelity secures new fundraising after its revenue quintupled in 2023.

Wealth management startup Altruist says it has raised $169 million, elevating its valuation to more than $1.5 billion.

The company, based in the Los Angeles area, has received an investment led by Iconiq Growth, with participation from Granite Capital Management, Adams Street Partners and Sound V

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