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Fast Company

Automated Investment Service Betterment Raises $100 Million

By Sarah Kessler

Betterment, a startup that automatically invests funds on its users’ behalf, announced on Tuesday that it has raised $100 million at a $700 million valuation.

The company now manages almost $4 billion on behalf of 150,000 customers, to whom it charges a .15% to .35% annual fee for the service.

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This article originally published March 29th, 2016 on Fast Company.