Chicago based M1 Finance, an automated money management platform has raised $33 million in a Series B funding round. The r0und was led by LeftLaneCapital with participation from Jump Capital, Clocktower Technology Ventures as well as existing M1 investors, according to a release. M1 has… Read More
Goldman Sachs (NYSE:GS) has been in the Fintech news quite a bit as of late. Recently, Goldman upset Bitcoin lovers because the global investment bank claimed the world’s most popular crypto was “not an appropriate asset class” along with all other cryptocurrencies. At one point… Read More
Singapore-based Smartly, a Robo-advisory platform, is reportedly planning to close down its business operations, due to intense competition in the wealth management and technology (Wealthtech) industry. Established in 2015 and acquired in 2019 VinaCapital, a Vietnamese investment management company, Smartly’s management has been struggling to… Read More
Palo Alto-based Wealthfront, an automated investment service company with over $11.4 billion in assets under management, is reportedly getting closer to becoming a full-service digital bank. Wealthfront already provides most of the bank-like services including insured savings accounts. The “Cash Account” is offered by Wealthfront… Read More
Financial advisors have been using a wide range of financial planning software and CRM tools to assist their clients. There have been significant changes in the landscape of who offers these financial management tools. Large companies have reportedly been absorbing Fintech startups. However, advisors and… Read More
Siam Commercial Bank Pcl, Thailand’s largest commercial bank in terms of total assets, is reportedly preparing to spin off its Fintech branches as the institution attempts to monetize its efforts into tech investment, at a time when its earnings from traditional lending have been relatively… Read More
Singapore-based DBS Bank, which provides services in consumer, SME, and corporate banking activities, has created a hybrid human-robo investment platform that can be accessed by its clients in Singapore. DigiPortfolio has been designed for new investors. The new investment service provides access to seven exchange-traded-funds… Read More
Lime FS Pty Ltd has agreed to shut down “digital advice tools” following concerns raised by the Australian Securities and Investment Commission (ASIC). According to ASIC, Lime has voluntarily shut down two digital advice referenced as robo advice. Lime FS’ corporate authorised representatives, Plenty Wealth… Read More
Robo advisor Wealthfront announced on Thursday that financial planning startup, Grove, has joined its platform. Wealthfront reported that Grove was founded in 2015 with a mission to mission to empower users to make “great decisions” about their money through a combination of human advisors and… Read More
Are you an informed investor? That’s what the North American Association of Securities Administrators (NASAA) wants to know when it comes to Robo-Advisors. The lobbying group has just posted an investor advisory cautioning individuals about the Fintech sector of Robo-Advisors. NASAA represents state and provincial… Read More
Xiongan: the New Fintech Hub According to a guideline jointly issued by the Communist Party of China Central Committee and the State Council, Xiongan New Area is set to become a new center for China’s financial innovation. The guidelines said that Xiongan will “take the… Read More
The Securities and Exchange Commission (SEC) settled proceedings against Wealthfront Advisors LLC and Hedgeable, Inc, regarding claims of making false statements and publishing misleading advertising. This enforcement action marks the first the SEC has taken against Robo-advisors – a hot sector of Fintech. Wealthfront, a… Read More
Toronto based Fintech dig1t Inc. has closed on a CDN $ 9 million series A funding round. The Robo-advisor provides wealth management tools powered by advanced analytics and risk management tools. The d1g1t platform offers portfolio management services to professional advisors and their individual investors…. Read More
As we predicted just yesterday, Goldman Sachs will move into the wealth management space, according to a note by CNBC. The additional service was alluded to in the most recent Goldman earnings call which took place last week. The new financial advisor service will most… Read More
According to multiple reports, JP Morgan Chase will begin offering free trading (IE commission-less trades) beginning next week. For anyone who downloads their mobile app, during the first year users will be able to book 100 trades at not cost. If you happen to be… Read More
Fundamental Capital, based in Germany, is an online asset manager specializing in using algorithms to help individuals invest in securities. Today, the Robo-advisor has announced that IOB , a US based crypto focused VC, has invested in the platform. IOB seeks to back regulated and… Read More
Frankfurt, Germany based Robo-Advisor Ginmon has hired Dmitriy Fot as CTO. Fot previously worked as a cloud architect at Amazon Web Services (AWS) Germany. Ginmon says the appointment of a high profile expert for a Fintech company is quite rare. Ginmon’s mission is to provide investors… Read More
Bankorus (formerly MiCai), a provider of Robo-advisor solutions to wealth management companies and individuals with a combined AUM of $30 billion, is partnering with AI Catapult, the new Blockchain and AI accelerator created by JD.com. JD.com is one of the largest digital commerce platforms in… Read More
Robo-advisor Wealthfront announced a $75 million round of financing led by Tiger Global Management with participation from all existing venture capital investors, including Benchmark Capital, DAG Ventures, Greylock Partners, Index Ventures, Ribbit Capital, Social Capital and Spark Capital Growth. Launched by Andy Rachleff and Dan Carroll in December 2011, Wealthfront currently… Read More
FCA authorised crowdfunding aggregation platform InvestUp may be going crypto. The UK based Fintech has so far focused on the peer to peer lending space but management is currently looking at adding algorithm driven cryptocurrency investing. InvestUp shares that 2017 has been another good year… Read More
Crowdfund Insider is the leading news and information web site covering the emerging global industry of disruptive finance including investment crowdfunding, Blockchain peer-to-peer / marketplace lending and other forms of Fintech.
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