Former management consultants launch Upworth fintech platform
Upworth, a new financial planning platform has launched in Australia – its founders sharing a background in international management consulting with the likes of McKinsey, Strategy& and L.E.K. Consulting.
Former consulting duo Alexandre Chavotier and Maxime Chaury have launched a new financial planning and money management platform out of Sydney, together with fellow co-founder and chief technology officer Carlos Ríos.
Dubbed Upworth, the platform brings together a range of personal financial data to give users a complete overview of their net worth, allowing for better informed investment decisions and easier savings.
“Personally, we have felt trapped between out-of-reach private banks and a flurry of services (ETFs, crypto, trading apps, etc.) without being quite able to figure out the big picture,” the company states on its website. “Upworth is the solution we have dreamt of for ourselves. We want to turn a source of stress into a source of strength. We want everyone to be in the driving seat and believe it is all about accessing the right insights and knowledge.”
Coming off a three-year stint as Chief Strategy & Analytics Officer at Mexican retail group ZeBrands, Chavotier previously spent four years as an engagement manager with McKinsey & Company in Sydney, including in the management consultancy’s advanced analytics wing QuantumBlack, where he focused on end-to-end transformations and machine learning in the TMT and retail sectors among others.
Chavotier also previously served at strategy consultancy counterpart L.E.K. Consulting in Paris.
Chaury meanwhile takes on the new challenge after serving for the past two years as the managing director of tech-focused chain Flash Coffee in Indonesia, which was co-founded by former Jakarta and Muich-based Bain & Company consultant Sebastian Hannecker. Chaury himself has a background in consulting, having spent time at Strategy& and Roland Berger in Morocco, as well as working as a strategy consultant for African investment firm Adenia.
Chaury and Chavotier are joined by Carlos Ríos in establishing Upworth, with the experienced software developer and data engineer taking on the Chief Technology Officer role. Ríos has most recently finished up a brief stint as a Senior Devops Engineer at British digital strategy and transformation consultancy Parser, before which he worked alongside Chavotier as a production engineering leader at Zebrands.
“Together with my extraordinary co-founders, we have embarked on a mission to empower individuals and revolutionise the way we manage our finances,” Ríos stated in a post to LinkedIn, describing the launch as a significant professional milestone. “Upworth is dedicated to democratising simple and efficient money management for all, giving people the freedom to take control of their financial future and unlock their true potential.”
The Upworth platform pulls together personal financial data in the one place from a range of sources and streams, such as bank accounts, stock portfolios, crypto-currencies, superannuation funds, properties and mortgages, with further investment, retirement, property valuation, and home loan functions connected to most of Australia’s leading banks and fintechs. The platform also boasts of ‘military-grade’ data encryption and security.
