Berwyn FinTech Company Expects More Growth in 2023 

By
Rich Romano
Rich Romano.

Berwyn’s Fiduciary Exchange partners (FIDx) is planning on going big in 2023. Last year, the fintech company doubled their assets, writes Jeff Blumenthal for the Philadelphia Business Journal.  

The Main Line startup will be making deals with 15 insurance giants, including Nationwide and Prudential. According to Crunchbase, the company lists at nearly $25 million. It has around $25 billion in assets, according to CEO Rich Romano.  

FIDx, which is a subsidiary of Berwyn’s Envestnet, started in 2017. The company provides a tech platform that allows clients to view all their investments at once. The platform is used by financial advisors, insurance carriers, and distributors. What is special about this company is that it incorporates annuities into investment portfolios.  

Due to the growth, the company is predicting that the technology and operations teams will expand by 20 to 30 percent in headcount. Romano also predicts that FIDx will be able to bring its services to new markets. 

Read more about the Berwyn-based Fintech company’s growth in the Philadelphia Business Journal.  

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