Digital savings platform Chip adds FSCS protection with ClearBank partnership
Chip savings accounts are now covered by FSCS on deposits up to £85,000.
Wealth Management
Updraft secures £72m investment in NatWest-led funding round
The financial wellness platform hopes to wean users away from high-interest borrowing.
Indian fintech start-up CRED secures $251m Series E funding
Fintech aims to incentivise members to pay credit card bills on time.
Inclusive investment start-up Wealth8 partners WealthKernel to launch new app
Wealth8 to launch a new mobile investment app for black and multi-ethnic communities.
Webinar: Reimagining the customer experience in wealth management
Celent and OneSpan give a closer look at the digitisation trends shaping the wealth management industry.
Fintech start-up Tala secures $145m Series E funding
California-based firm will look to expand its product offering and grow its team.
Sibos 2021: Africa has world’s best demographics for financial services, says Standard Bank CEO
Investment and connectivity have created “vast opportunities”, says Sim Tshabalala.
Google pulls Plex after less than a year in development
Aborted banking project reflects change of financial services strategy at Google.
Robo-advisor Betterment achieves unicorn status with $160m capital injection
The funding was drawn from a Series F round and $100m credit facility.
The Banking Tech Awards are coming to the USA!
The nomination deadline is 18 February 2022 with the winners announced in June.
Ascend Money becomes Thailand’s first fintech unicorn with $150m fundraise
Thai fintech plans to boost financial inclusion efforts in Southeast Asia.
ICYMI funding round-up: TomoCredit, Lightyear, X-Margin, Coinfirm & more
More funding deals you may have missed during a busy week of news.
Video: fintech news pick of the week – PayPal, Standard Chartered, Mastercard & more
Our top pick of news from the world of finance and tech in bitesize video format, every week.
Irwin secures $20m in Series A funding round led by K1
The investment will help further the fintech’s mission to upgrade the capital markets software offering.
Digital challenger Varo Bank lands $510m in Series E funding round
Funds will be used to boost product and tech development and fuel customer growth.
State Street to acquire BBH Investor Services in $3.5bn deal
State Street says the deal will help enhance its investment products and services.
Fintech funding deals globally 30 August – 5 September 2021
Featuring Insurify, Snap Raise, Clicklease, Jeeves and Origin.
Financial wellness platform Origin raises $56m funding at $400m valuation
The funds will be used to develop new products and expand its employee customer base.
FinTech Futures Jobs: Three amazing jobs to apply for this week
Exciting vacancies at BNY Mellon, Checkout.com and Finastra. Apply today!
Your financial digital twin
What if you had a digital twin that could manage your money faster and better than you?
Aspiring challenger bank W1TTY receives UK EMI licence
The firm’s smart finance app will launch in the UK early next year.
Mexican fintech Flink lands $57m in Series B round
New investment follows the company’s $12 million Series A round in February.
Video: fintech news pick of the week – Mastercard, Ramp, PayPal & more
Our top pick of news from the world of finance and tech in bitesize video format, every week.
What Gen Z can tell us about the future of banking
All too often, the voices of young people seem to be ignored. Now is a critical time to talk and listen.
Nymbus to offer Marstone’s digital wealth suite following new partnership
Partnership will see the two US firms integrate their offerings.
Fintech funding deals globally 16 August – 22 August 2021
Featuring DriveWealth, Sightline Payments, Bitpanda, PalmPay and Reali.
Family finance start-up Hapi launches investment app for parents
Parents can open a junior stocks and shares ISA or general investment account.
Wealth management start-up Smallcase raises $40m in Series C funding
The round included participation from e-commerce giant Amazon.
Video: fintech news pick of the week – Goldman Sachs, Paysafe, HSBC & more
Our top pick of news from the world of finance and tech in bitesize video format, every week.
US fintech One lands $40m in Series B funding
Start-up aims to bring “all-in-one banking” to middle-class Americans.
Financial inclusion: understanding the needs of the underbanked
Better access to a wider range of banking services can help drive financial inclusion for all customers.
Chime secures $750m funding to reach $25bn valuation
The San Francisco-based firm has now raised over $2 billion in total funding.
Sova Capital selects Appway for onboarding and KYC solutions
London-based broker looks to streamline client onboarding while ensuring full compliance.
Ualá hits $2.45bn valuation with $350m Series D round
Fintech start-up claims the funding is a record investment for an Argentine company.
Fintech funding deals globally 9 August – 15 August 2021
Featuring Carta, Uala, FalconX, M-DAQ and TaxBit.
Abrdn acquires wealth management platform Exo Investing from Nucoro
Edinburgh-based investment firm plans to offer a 24/7 digital wealth management app.
US neobank Upgrade secures $105m Series E funding round
The new funding round values the firm at more than $3.3 billion.
Objectway acquires German core vendor Die Software Peter Fitzon
Italian software company plans all-in-one wealth and core product suite.
Kroo nets £17.7m Series A funding to build new digital bank
Neobank hopeful aims to secure a full banking licence ahead of a planned launch in 2022.
Malaysian challenger BigPay raises $100m to fund Asian expansion
BigPay is the fintech unit of Malaysian budget airline AirAsia Group.
