Magnetis, a Brazilian robo-advisor, founded in January 2012

Magnetis was one of the first digital wealth managers in Latin America, and the company was founded in early 2012. The company is focused on direct B2C wealth management business and it offers diversified low-cost investment portfolios for retail investors.

The company aims to attract $320 million in assets under management by 2019.

The company has thus far managed to raise approximately $6,4 million in funding.