Chinese insurtech Waterdrop raises $230m & plans US IPO
Known as Shuidihuzhu in China, its Series D round was led by Swiss Re and Tencent.
Investment, Asset & Fund Management
Robinhood’s value tops $11bn on new funding round
The new valuation increased by nearly one-third from a previous round just one month ago.
PayActiv raises $100m Series C funding round led by Eldridge
The round comes less than a year after it became a Public Benefit Corporation.
SimCorp puts Dimension on the cloud with Microsoft Azure
Investment systems vendor signs public cloud deal with Microsoft.
Venture capital firm Ribbit plans $600m fintech Spac
Bow Capital Management is also aiming to raise $350m for a tech focused Spac.
Morgan Stanley publishes greenhouse gas emissions on loans & investments
The bank is joining the Partnership for Carbon Accounting Financials.
Lemonade rival Hippo raises $150m financing round
The Palo Alto, California-based start-up is valued in the investment at $1.5 billion.
The roaring 20s: when the asset manager becomes a data manager
Failure to adapt won’t just impact your existing client base’s investments.
Your LP is your customer, that’s important to understand
Customers want fund managers to do the work for them.
RBC commits CAD 150 million to diversity push
It aims to increase the proportion of non-white executive hires to 30% from 20%.
Banking Technology July/August 2020 issue out now
Unlocking the benefits of open banking.
US regulators relax Volcker Rule restrictions
Major US banks allowed to unlock wider range of investment options.
MayStreet secures $21m Series A investment
The investment will be used to accelerate MayStreet’s product development and expansion.
Pagaya raises $102m in Series D funding round
The US-Israeli wealthtech will use the investment to hire more top tier data scientists.
M1 Finance raises $33m in Series B funding
Left Lane Capital led the new round, brining M1’s total raised to $55m.
TIS raises $20m for its B2B payment platform
TIS will use the investment from Aquiline and 83North for its global expansion.
Northern Trust to deploy BlackRock Aladdin in new partnership
Chicago-based corporate bank extends “long-standing relationship” with BlackRock.
San Francisco neobank Aspiration raises $135m in Series C round
The socially conscious fintech plans further growth with cash injection.
Remote work start-up Deel scores $14m series A led by Andreessen Horowitz
Andreessen general partner, Anish Acharya, is joining the San Francisco-based company’s board.
SoftBank’s Mayoshi Son compares himself to Jesus Christ on investor call
Son noted that Jesus was also misunderstood and criticised.
Jack Ma resigns from SoftBank Group’s board of directors
SoftBank reported an annual operating loss of JPY 1.36 trillion ($13bn).
Smarterly secures £7m in Series A funding round
Some of the investment was used to complete the recent acquisition of Salvus.
What the Fintech? Episode 5 | Digital disruption: innovation in investments
CEO of the investment trading app, Evarvest, reveals the timeline of its launch in the UK.
Global fintech sees worst Q1 since 2016 for VC-backed deals
The quarter saw just 404 deals and ended on $6.1 billion.
LenderClose secures funding from Financial Plus Credit Union
The 8-figure Series B funding round began as an exclusive opportunity for the company’s initial investors.
2020 Review: Top 10 funding rounds this quarter
A look back at some of the biggest investments this past quarter.
Banking Technology April 2020 issue out now
All things equal: Closing the gender gap in fintech.
Data affinity and customer centricity: what luxury retailers can teach wealth managers
Useful learnings from the success of luxury retail.
SME challenger bank NorthOne raises $21m Series A
New York-based challenger plans to splash the cash on customer acquisition.
A look beyond the big numbers
The devil is often in the detail.
Three digital transformation lessons wealth management firms can learn from luxury fashion brands
Build online trust with customers and identify ways to replicate the offline experience.
Santander Corporate & Investment Banking picks Bloomberg DLIB
Bank plans to use DLIB to provide structured investment products.
Sucden Financial signs up to Cobalt post-trade technology network
The derivatives firm will use Cobalt for its FX operations.
Aspiring neobank EasyEuro raises $4m in pre-A round
The fintech is targeting cross-border trade between Europe and Asia.
Video: Top fintech stories this week – 03 February 2020
FinTech Future’s weekly news round-up.
Top executives at SoftBank’s $100bn Vision Fund set to leave
Top of the list is Michael Ronen, the managing partner of the Vision Fund’s US investments.
Video: Top fintech stories this week – 24 January 2020
FinTech Future’s weekly news round-up.
BMO to acquire Clearpool
The transaction is subject to receipt of required regulatory approvals & conditions.
A market course correction will rein in overblown valuations in 2020
Recent disappointing IPO stories are sending investors back to the drawing board.
Video: Top fintech stories this week – 13 December 2019
FinTech Future’s weekly news round-up.
