Bibit.id secures $65m funding to capitalise on Indonesian mutual fund growth
The robo-advisor is focused on Indonesia’s rapidly expanding mutual funds sector.
Investment, Asset & Fund Management
Canadian fintech Wealthsimple raises record $610m at $4bn valuation
The fintech started off as a robo-advisor back in 2014.
Au Jibun Bank investment app: changing hearts and minds
Au Jibun Bank aims to become the lifelong partner for every customer.
Deutsche Börse and Commerzbank team up to support DLT firm 360X
German giants support illiquid assets investment platform.
Video: Top fintech stories this week – 30 April 2021
The FinTech Futures weekly round-up of the industry’s top stories and happenings from across the globe.
Video: fintech news pick of the week – HSBC, 11Onze, UK fintech funding & more
A top pick of stories from the world of finance and tech in video format, weekly.
HSBC launches first multi-asset index driven by AI and big data
AiMAX uses new and historical data to identify assets poised for growth.
Accelerating asset management digitisation with cloud solutions
During this period of uncertainty, AMs have been forced to accelerate their digital transformation projects.
MUFG wealth management arm deploys InvestCloud in Japan
Vendor says the deal reflects its “substantial investment” in the country.
Video: Top fintech stories this week – 9 April 2021
Featuring Clubhouse, Stripe, Harlem Capital, Paymob, and WorldRemit founder.
IDS to acquire White Clarke Group in multi-asset class merger deal
The combined firm will serve more than 300 companies.
What the Fintech? | S.2 Episode 8 | Bank branches amid COVID-19
Leena Iyar, chief branding officer at Moxtra, joins us on this latest episode.
Harlem Capital raises $134 million for its second fund
Harlem Capital Partners Venture Fund II was oversubscribed from its target of $100m.
Global fintech M&A round-up Q1 2021
Whilst some big deals never closed in Q1, plenty others took their place.
Jakarta wealthtech Pluang raises $20m in pre-Series B funding
Pluang wants to extend investment to poorer households in Indonesia.
SEC launches voluntary inquiry into US Spac craze
This year alone has birthed eight lawsuits against US Spac deals.
Zopa raises £20m from internal funding round
The round was led by IAG Silverstripe and featured existing investors.
Fintech funding deals globally 15-21 March 2021
Featuring SumUp, eToro, Plaid, SecurityScorecard, and Coalition.
People, not technology, are leading the new fund administration revolution
Asset managers will continue to value people who understand and address their needs.
Wealthtech for asset managers FundSense launches in UK
FundSense licenses the platform on a per-user basis.
Banking Technology March 2021 issue out now
Creating communities: celebrating women in fintech this Women’s History Month
Aion Bank acquires robo-advisor ETFmatic
London-based robo-advisor ETFmatic has been Aion Bank’s partner for a year.
ATON picks Profile Software’s Axia to digitise its front office
Axia is deploying on top of ATON’s in-house system.
Stori raises $32.5m in Series B funding
The round was led by Lightspeed Venture Partners.
Kenyan start-up Powered by People raises $1.5m seed funding
The round was led by Matt Kalish of DraftKings and TBD Angels.
South African paytech Nomanini obtains debt funding
It raised a convertible loan from the MASSIF fund, which is run by FMO.
ImaliPay raises undisclosed amount in pre-seed funding
The undisclosed amount in pre-seed funding came from Australian venture capital firm TEN13.
Cameroon-based fintech Diool secures $3.5m funding
The funding round was led by Lundin Group and other existing investors.
Banking Tech Awards 2020 Winner: au Jibun Bank – Best Use of AI
Rebuilding consumer confidence in investments with an AI-driven market forecasting capability within a banking app.
Black-owned First Boulevard bank secures $5m ahead of its official launch
Part of its goal with the new capital involves building out a Black business marketplace.
Finix closes $3m Black and Latinx investor-led SPV
“This is very personal for me as a founder of colour,” says Finix founder.
Lloyds spends big on tech projects as profits slump 72%
The bank spent around £1.2bln on tech in 2020, equivalent to the profit it generated for the year.
What did the GameStop saga expose about UK trading regulation?
FinTech Futures unpacks the FCA’s published response to trading restrictions on 29 January.
Banking Tech Awards 2020 Winner: BTB – Best Use of IT in Private Banking/Wealth Management
BTB’s business model has brought annual average returns of 7% in the last seven years with low defaults.
Fintech funding deals globally 15-21 February 2021
Featuring Public, Webull, Blockchain, GoCardless, and Personetics.
Capital Group hires Marta Zarraga as new CIO
Zarraga has 25 years of industry experience at firms like Aviva, Vodafone and BT.
GameStop trader Deep F—ing Value, a licensed broker, sued for “fake persona”
The lawsuit accuses Gill of “deceitful and manipulative conduct”.
Swedish neobank Northmill raises $30m to power European expansion
The first stop along the way is a new product launch in Norway.
SoLo Funds snaps up $10m Series A for P2P lending
SoLo brought in $12m, which includes a $2.8m seed round and a series of convertible notes.
Danish edtech Female Invest targets UK expansion with $1.6m fresh capital
“It makes a big difference when you see someone like you on a platform.”
