Dubai-based fintech platform Hoxton Wealth announced a significant milestone for its wealth management application, which is now tracking over $10 billion in assets worldwide. This achievement comes less than three years after the app’s launch in April 2023, signaling strong adoption from investors globally.
A Consolidated View of Global Wealth
The Hoxton Wealth app is designed to provide users with a seamless and consolidated view of their entire net worth on both mobile and desktop platforms. By leveraging open banking technology, the application aggregates financial data from over 14,000 global sources, including bank accounts, pensions, and brokerage accounts.
Beyond liquid assets, users can also track static holdings like real estate and monitor investments in stocks, shares, and cryptocurrencies. The app integrates financial liabilities such as credit cards and mortgages, offering a truly holistic overview of an individual’s financial health.
Dubai-Built with a Global User Base
The application is supported by an in-house team of more than 20 developers based out of Hoxton Wealth’s head office in Barsha Heights, Dubai. While developed in the UAE, the app has cultivated a global user base of 13,500 regular users, with the majority located in Europe, the Middle East, and North America.
Although most users are clients of Hoxton’s advisory services, the platform is open to anyone seeking to better manage their finances.
Chris Ball, CEO of Hoxton Wealth, explained the vision behind the app, stating, “From day one, we wanted the Hoxton Wealth app to be a standalone wealth visibility platform, with the kind of functionality and consolidation of holdings, performance and progress that many traditional financial institutions still struggle to offer.”
He added, “We are very proud that we have reached a point where the app is tracking $10 billion in assets and hitting this milestone is a clear indication that investors worldwide see value in what we have built.”
Future-Focused Planning with WealthFlow
A key feature of the app is WealthFlow, a forward-looking financial planning tool. It enables users to visualize their future wealth trajectory by inputting variables such as current net worth, retirement goals, and major life events. Users can model different financial scenarios, adjust assumptions, and see how their decisions could impact their long-term financial outlook, making planning more tangible.
“Something that we pride our advice business on is our ability to provide clear, goal-based planning that makes long-term results visible, and tangible for clients. So, the app has to mirror that,” Ball continued. “WealthFlow helps users visualise their future and brings clarity to the kind of long-term results that they are working towards.”
“WealthFlow isn’t just about numbers, though. It’s about dreams, aspirations, and securing the future you desire. It is about financial empowerment, future planning, and goal achievement, whether you’re an entrepreneur, investor, or a retiree.”
About Hoxton Wealth
Hoxton Wealth is a Dubai-headquartered financial services firm that provides wealth management and financial advisory services. The company has developed a proprietary fintech application that allows individuals to track and manage their complete net worth, leveraging open banking to aggregate data from thousands of global financial institutions for a holistic financial overview.
Source: Zawya
