Parqet
Portfolio tracking and visualization tool that allows investors to analyze and manage their investments across multiple accounts in one place.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
* | N/A | Grant | |
| Total Funding | 000k | ||
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Parqet, a German-based fintech, offers a portfolio tracking and visualization tool designed for investors in stocks, ETFs, and cryptocurrencies. The company was founded by Sumit Kumar, who developed the platform as a side project while working as a developer at Stripe. Kumar's personal need for a comprehensive overview of his own investments, which were spread across multiple brokers, inspired the creation of Parqet. Recognizing the potential of his solution, he eventually left his job to dedicate himself full-time to the bootstrapped venture.
The platform serves individual investors, providing them with a clear and consolidated view of their assets. It addresses the common issue of losing track of investments spread across various brokers, a problem that intensified with the rise of neo-brokers and increased retail participation in the stock market. Parqet operates on a freemium model. Core functionalities are free, while advanced features require a paid subscription. Revenue is generated through these annual subscriptions, and the company has stated its commitment to not monetize user data.
Parqet's core product is a dashboard that aggregates and analyzes a user's entire investment portfolio. Users can import their data from over 50 banks and exchanges via PDF or CSV, covering more than 100,000 securities and over 1,000 cryptocurrencies. The tool provides detailed analytics that are often unavailable through traditional brokers, including performance tracking, dividend forecasting, and risk analysis through features like asset class and cluster risk breakdowns. A key feature is the dividend calendar, which helps users plan their cash flow. Available as both a web and mobile application, the platform syncs across devices. The company has successfully leveraged the finance influencer ecosystem for growth, creating a tool that makes it easy for investors to share their portfolios. While primarily a B2C product, Parqet is exploring B2B opportunities by extending its services to wealth managers, family offices, and banks.
Keywords: portfolio tracking, investment analysis, dividend calendar, wealth management, fintech, stock tracker, ETF analysis, crypto portfolio, asset visualization, Sumit Kumar, bootstrapped SaaS, retail investors, financial dashboard, performance metrics, dividend strategy, risk analysis, neo-broker aggregator, German fintech, wealth development, investment tools