Luxury Investment Platform Konvi Expands with Acquisition of Competitors Diversified and Fractible

Dublin-based online platform Konvi, specializing in fractional investments in luxury assets, has recently acquired French investment platforms Diversified and Fractible. The financial details of the transaction remain undisclosed.

Similar to Konvi, Diversified and Fractible cater to retail investors, offering securities for fractional ownership of luxury items such as watches, art, wine, and vintage cars. Their focus lies in democratizing access to an asset class traditionally limited to high earners and institutional investors.

The acquisitions have allowed Konvi to enter what it identifies as the “key market” of France, with plans to transition the platforms’ current investments to its app this month.

Konvi now boasts a customer base of 50,000 individuals and aims to pursue additional acquisitions in the near future to further expand its market presence and offerings.

Since its launch in 2021, Konvi’s strategy of asset diversification has heavily relied on a network of carefully selected partners. These partners assist in researching, sourcing, and fractionalizing investments in luxury items.

Notable examples of this strategy include partnerships with WatchFund, offering users the opportunity to purchase 0.1% shares in a €250,000 watch, and collaboration with Mazzanti, providing fractional investments in a supercar valued at €650,000. Additionally, Konvi recently announced plans to launch shares of artworks by British street artist Banksy in collaboration with art curator TGB Contemporary.

Source: fintechfutures.com

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