Nalo

What Nalo does

Nalo is a French fintech robo-advisor founded in 2016 and headquartered at 10 rue de Penthièvre in Paris's 8th arrondissement. The company operates a digital wealth management platform targeting individual French investors seeking to organize savings across multiple life objectives (retirement, real estate, children's education, career transitions). At the core of the platform is a proprietary goal-based investing technology branded "Multiprojets," which the company describes as unique in France. It allows a single investor to allocate capital across multiple sub-projects within one life insurance envelope, with each project receiving a tailored ETF-based portfolio whose risk exposure automatically de-risks as the target date approaches (progressive securization). Investment methodology is described as drawing on behavioral-finance principles and Nobel-laureate portfolio theory.

The product suite comprises three core insurance envelopes — Nalo Patrimoine (multi-support life insurance backed by Generali Vie), Nalo PER (individual pension plan backed by APICIL Epargne Retraite, compliant with French law n°2019-486), and Nalo Flex (flexible life insurance backed by APICIL Epargne). Adjacent modules include Nalo Rivage 3 (structured capital-protected product), Nalo Gestion Privée (premium advisory tier with access to private bankers, fiscal lawyers, notaries, and equity investor groups), Nalo Académie (free financial education courses), the PER Transfer Service, and various savings/succession simulators. All contracts are digital-first, supported by free human advisor access via chat, phone, and in-person meetings.

Nalo monetizes exclusively via quarterly management fees on assets under management, averaging 1.60% — positioned as 2-3x lower than the 3-5% charged by traditional French banks — with no entry, transaction, switching, or deposit fees. The company is registered with ORIAS (#16002555) under the ANACOFI-COURTAGE association and supervised by the ACPR. As of December 31, 2025, Nalo reported 600M€ in AUM and 22,000+ investors served, against a stated objective of surpassing 1B€ in AUM. Following an April 2023 capital increase led by Mandalore Partners, Groupe APICIL (the 3rd largest French social protection group, founded 1938) became the majority shareholder, with Nalo operating as a member of the APICIL group while retaining its brand and operational focus on the French consumer market (explicitly excluding US and UK residents).

Name

Nalo

Legal name

NALO SAS

Website

https://nalo.fr

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Nalo is a French fintech robo-advisor offering a digital wealth management platform for individual French investors. It provides ETF-based life insurance (assurance-vie), PER pensions, and structured products under a proprietary goal-based "Multiprojets" technology, charging roughly 1.60% in AUM fees.

Ownership category

akta.pro rank

Product category

Digital Wealth Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Direct-to-Consumer Robo-Advisors (Retail Automated Portfolios) (FSAGAEAA)

akta.pro secondary industries

Digital/Hybrid RIAs (Robo-Enabled, Tech-Forward) (FSAAACAJ), Digital/Hybrid Robo-Wealth & Retirement Advisory (FSAEABAK), Digital/Hybrid Private Wealth (Robo-Enabled HNW Service) (FSAAABAO)

Keywords

• Robo-advisory platform
• Wealth management
• Life insurance
• Retirement savings
• Portfolio management

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Management Fees (Frais de Gestion): Nalo charges quarterly management fees on assets under management. Fees are 2-3 times lower than traditional banks, averaging 1.60% according to the website. No entry fees, no transaction fees, no subscription fees for the platform itself. Revenue is generated entirely from the percentage charged on managed assets, aligning Nalo's incentives with client portfolio growth.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

Nalo operates a digital robo-advisory platform that delivers automated, ETF-based wealth management to French individual investors through three insurance-backed products: Nalo Patrimoine life insurance, Nalo PER retirement savings plan, and Nalo Flex life insurance. The platform's core capability is its proprietary Multiprojets technology, which partitions a single contract into multiple goal-based portfolios (retirement, real estate, education, etc.), each with a personalized allocation and progressive risk de-risking as the target horizon approaches. Pricing is asset-based management fees averaging 1.60% of AUM, with the service available both as fully digital self-serve and through complimentary human private advisors.

Product overview

Nalo is a French fintech robo-advisor offering a digital savings and investment management platform. The core offering consists of three main financial products: Nalo Patrimoine (life insurance in ETF), Nalo PER (pension savings plan), and Nalo Flex (flexible life insurance), all backed by insurance partners Generali and APICIL. The platform's centerpiece is its proprietary Multiprojets technology, which enables goal-based investing by allowing users to create multiple personalized investment projects within a single contract. Additional services include Nalo Académie (free financial education), Nalo Gestion Privée (premium advisory services), and various digital simulators for savings and succession planning. The company positions itself as combining academic financial research, innovative technology, and human expert advisory.

Differentiator

Problem solved

Functional benefit

Products and services

• Nalo Patrimoine Multi-support individual life insurance contract (assurance-vie) insured by Generali Vie, offering ETF-based investment management with automated portfolio rebalancing for French individual investors seeking to organize wealth across multiple life projects.
• Nalo PER Individual Pension Savings Plan (Plan d'Epargne Retraite, PER) compliant with French law no. 2019-486, insured by APICIL Epargne Retraite, offering euro and/or unit-linked investment options for retirement preparation with tax optimization benefits.
• Nalo Flex Individual life insurance contract insured by APICIL Epargne, providing flexible savings and investment management for French individual investors.
• Nalo Rivage 3 Structured investment product offering capital protection features for investors seeking balanced risk-return profiles through Nalo's structured products offering.
• Nalo Gestion Privee Premium wealth management service offering access to private bankers from prestigious private banks, plus a curated network of fiscal lawyers, notaries, and equity investor groups, for high-net-worth French clients requiring complex wealth and estate planning support.
• PER Transfer Service Service enabling clients to transfer existing pension contracts from prior providers into the Nalo PER product.

Quantifiable outcome

• Average annual return of 9% on 100% equities allocation from December 31, 2018 to December 31, 2025 (Nalo Patrimoine life insurance, classic and eco-responsible versions)
• +4 more outcomes

Named customers5 records

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Generali ViecoreStrategic or Co-development PartnerGenerali Vie, the 3rd largest European insurer, provides the insurance backing for the Nalo Patrimoine multi-support individual life insurance contract. Generali is covered by the Fonds de Garantie des Assurances de Personnes (FGAP).
• APICIL Epargne RetraitecoreStrategic or Co-development PartnerAPICIL Epargne Retraite provides the insurance backing for the Nalo PER (Plan d'Epargne Retraite) individual pension plan, a collective contract compliant with French law n deg 2019-486 of May 22, 2019, denominated in euros and/or units of account.
• APICIL EpargnecoreStrategic or Co-development PartnerAPICIL Epargne provides the insurance backing for the Nalo Flex individual life insurance contract.
• Welcome to the JungleminorChannel Partner/ Reseller/ DistributorRecruitment platform used for publishing job offers and receiving job applications.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/nalo_fr
• YouTubeyoutube.com/@nalo_fr
• Facebookfacebook.com/nalo.fr
• LinkedInlinkedin.com/company/nalo
• Instagraminstagram.com/nalo.fr
• TikToktiktok.com/@nalo.fr

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nalo