Walmart-backed Hazel snaps up fintech platforms Even and One in super app push
Walmart CEO says the app will allow users to “manage their money in one place”.
Wealth Management
UBS agrees $1.4bn deal to acquire wealth management platform Wealthfront
Millennial and Gen Z-focused Wealthfront caters to “the next generation of investors”.
Crypto IRA software platform iTrustCapital secures $125m in growth equity
The growth equity investment round values the company at more than $1.3bn.
White paper: Accelerate! Digital transformation in wealth management
A fresh insight into how financial institutions adopt new strategies, brought to you by Celent.
Change at the top for Credit Suisse as Horta-Osório resigns as chairman
Horta-Osório resigns after it was found he broke Swiss and UK Covid-19 isolation rules.
Fintech funding deals globally 10 January – 16 January 2022
Featuring Checkout, Qonto, CAIS, Qraft Technologies and SEBA Bank.
Indonesian fintech start-up Pluang raises $55m in Series B follow-up round
The company has now raised $110 million in total Series B funding.
Alternative investment platform CAIS hits unicorn status with $225m funding
CAIS describes itself as “the first truly open marketplace for alternative investments”.
Alternative retirement investment platform Alto raises $40m in Series B
The firm claims more than 15,000 IRA investors with a billion dollars of assets under custody.
Credit building start-up Petal raises $140m in Series D, faces lawsuit
Petal CEO says firm is hiring across the board for more than 100 positions this year.
Taipei Fubon Bank revamps private banking tech with Avaloq
The roll-out will start in Hong Kong and Singapore, followed by the onshore market of Taiwan.
Financial wellness and savings app Flamingo launches in Australia
Flamingo aims to help the 31% of Australians who reported being under financial stress.
2021: Top five fundraises
FinTech Futures takes a look back at some of the year’s most eye-catching funding rounds.
What the FinTech? Podcast | Season Two’s Jailed Buzzwords
We run down all the buzzwords our podcast guests wanted gone from the industry this year.
Embedded finance platform Ant Money raises $20m, acquires savings app Blast
Acquisition of Blast boosts the number of apps under the Ant Money umbrella.
Rocket Companies to acquire personal finance app Truebill for $1.275bn
Truebill claims 2.5 million members and has doubled its user base in the last year.
Brewin Dolphin goes live with Avaloq’s core banking system
One of the UK’s largest wealth managers has gone live with new SaaS-based core.
Digital wealth manager Wealthsimple exits UK
All eligible accounts will be transferred to Moneyfarm in January.
DIY investment platform Tillit launches
Tillit offers “a curated investment universe, exclusive content and a fee that is based on time rather than wealth”.
Wealthtech FNZ acquires client onboarding tech vendor Appway
Hanspeter Wolf, CEO and founder of Appway, will become FNZ’s CTO.
AMP appoints new CTO, Felicia Trewin
Felicia Trewin will start her tenure in March 2022 and join AMP’s executive committee.
Abrdn to acquire online investment platform Interactive Investor in £1.49bn deal
Abrdn had previously confirmed it was in talks to acquire the company in November.
Money management app Plum raises $24m from investors and crowdfunding
The London-based company plans European expansion and product development.
Digital wealth app Endowus secures $27m in latest funding round
The Singapore start-up gains backing from new and existing investors from across Asia.
Lydia to white-label Bitpanda platform for digital assets
Partnership will provide investment opportunities to Lydia’s 5 million customers via its app.
Family savings fintech UNest raises $26m in Series B round
Company is one of the few US fintechs with a female founder to gain investor funding to date.
Social investing app Shares hires former Revolut product lead as CPO
Harjas Singh will be based in the company’s London office.
Financial advice and social media: what does it mean for the future of fintech?
It is up to financial services companies to help identify trusted resources for financial advice.
Wealth infrastructure API platform Atomic raises $25m Series A funding
The San Francisco-based company will add scale and headcount with funding round.
Standard Chartered to launch climate-focused savings app powered by Starling
Named Shoal, the platform leverages Starling’s Banking-as-a-Service offering.
UK neobank Monument given green light to launch by FCA and PRA
The neobank landed an authorisation with restriction (AWR) banking licence in October 2020.
New US fintech Wyshcast to boost financial inclusion with sandboxes
The service plans to offer a “fully-aggregated” and “one-stop” financial planning tool.
Fintech funding deals globally 1 November – 7 November 2021
Featuring Mynt, Plate IQ, Chipper Cash, Mythical and Moonfare.
UAE neobank Edfundo launches to teach children financial literacy
Edfundo says it is on a mission to help 8 to 18-year-olds become financially literate.
FNZ acquires German commercial bank Fondsdepot
Wealth management vendor plans to build out the bank’s digital capabilities.
Sports and entertainment-focused fintech SEMA launches in US
SEMA offers members in the creative and sports industries concierge financial services.
German investing start-up Moonfare raises $125m in Series C round
The platform opens up access to private equity funds for individual investors.
Athlete-focused financial wellness app Scout launches in US
Scout aims to connect users with “the world’s top athletes and business minds”.
Wealthtech TIFIN lands $47m in Series C funding
The fintech believes data and technology can deliver “better wealth outcomes for individuals”.
Groww valued at $3bn following $251m Series E round
Groww will use the cash to expand its reach into underserved parts of India.
