Tagged: wealthtech

April 1, 2021 @ 9:47 pm By Samantha Hurst  |  

  Endowus, a Singapore-based wealthtech, announced on Thursday it raised $23 million through its Series A funding round, which was led by Lightspeed Venture Partners with participation from SoftBank Ventures Asia. Founded in 2017, Endowus stated it is seeking to empower people to “take control” of… Read More

March 4, 2021 @ 2:10 pm By Samantha Hurst  |  

Less than six months after it achieved its 20 million portfolios analyzed milestone, FinMason, a U.S.-based fintech and investment analytics provider that enables WealthTech platforms to accelerate development and time-to-market, announced on Thursday it has achieved 30 million portfolios analyzed milestone. As previously reported, FinMason claims… Read More

February 1, 2021 @ 8:45 pm By Omar Faridi  |  

Robin Melnick, Director, Alliances & Partnerships at Addepar, a leading provider of technology for the wealth management industry, recently connected with Bob Miller, CEO of PCR, a private client wealth aggregator assisting wealthy families, their advisors, and wealth tech companies develop “winning” digital transformation strategies…. Read More

January 16, 2021 @ 7:56 pm By Omar Faridi  |  

Ecosystem development, sustainable investment strategies, and hyper-personalization were identified as some of the major wealth management trends that will be prioritized by Wealthtech companies this year. This, according to a report from Capgemini, a French consulting firm. In a research report, titled Top Trends in… Read More

January 6, 2021 @ 10:01 pm By Omar Faridi  |  

Singapore’s fast-growing 1,000+ Fintech sector includes a thriving Wealthtech segment which is on track to continue growing and maturing. It’s being supported by an increased interest from local investors, strategic acquisition deals, and the growing demand for automated financial advisory services (or Robo-advisors). Many younger… Read More

December 23, 2020 @ 9:36 am By Samantha Hurst  |  

  InvestSuite, a Belgium-based B2B wealthtech, has raised €3 million through its latest investment round. Founded in 2018, Investsuite describes itself as a European fintech company that provides automated investment solutions to help financial institutions retain their clients by addressing their rapidly-evolving digital needs and… Read More

November 27, 2020 @ 9:45 am By Samantha Hurst  |  

PureFacts Financial Solutions, a global WealthTech provider of fees, reporting and AI-powered predictive analytics solutions, recently announced it secured CAD$20 million in financing from Scotiabank and Round 13 Capital. Founded in 2010, PureFacts uses its data aggregation capabilities to provide market-leading fee management and business… Read More

November 15, 2020 @ 5:26 pm By Omar Faridi  |  

  The Fintech mergers and acquisitions (M&As) market appears to be rebounding from the COVID-19 pandemic. As reported by Financial Planning, the Wealthtech sector seems to be recovering after the Coronavirus crisis had put many deals on pause. RightSize Solutions, a company offering cybersecurity and… Read More

October 20, 2020 @ 10:10 pm By Omar Faridi  |  

The Wealthtech and cryptocurrency-focused Fintech sectors recently attracted substantial investments through several investment rounds. During the past week, there were around 28 funding rounds in the Fintech space. Companies working in several key areas managed to secure funding including those focused on cryptocurrency, Wealthtech, payment,… Read More

October 11, 2020 @ 10:45 am By JD Alois  |  

Last week, LendingClub (NYSE:LC) filed an 8-K with the Securities and Exchange Commission (SEC) indicating its intent to stop offering retail notes by the end of the year. The leading marketplace lender in the US started as a peer to peer lender but over the… Read More

September 23, 2020 @ 9:29 pm By JD Alois  |  

Singapore based Digital wealth manager Syfe has closed on a SG$ 25.2 million (USD $18.6 million) Series A funding round led by Valar Ventures. Other investors in the round include Presight Capital, and existing investor Unbound, the UK-based investment firm that led Syfe’s seed funding… Read More

September 23, 2020 @ 7:37 am By Omar Faridi  |  

Thomas Gottstein, CEO at Credit Suisse Group AG, a global wealth manager, says that he expects business activity in the wealth management sector to slow down during the third quarter of this year. However, he believes that overall revenue and trading will continue at the… Read More

September 14, 2020 @ 9:11 pm By Omar Faridi  |  

Razer Fintech has teamed up with Franklin Templeton in order to develop various digital wealth technology or Wealthtech tools for younger consumers. Franklin Templeton’s Singapore based subsidiary, Templeton Asset Management, and Razer Fintech, the financial division of Razer Inc, have committed to a Memorandum of… Read More

September 4, 2020 @ 9:07 am By Omar Faridi  |  

California-based Fintech firm Wealthfront, a Robo-Advisor that had been focused on becoming a digital bank, has revealed that it has introduced what it calls, the “first Self-Driving Money” service. As mentioned in an update shared with Crowdfund Insider, Wealthfront’s new, free-to-use service, Autopilot, will automate… Read More

August 29, 2020 @ 12:17 pm By Omar Faridi  |  

European Fintech firms have managed to secure substantial funding, even during the lockdown period that came after the COVID-19 outbreak. They’ve acquired about €2.86 billion (appr. $3.4 billion) in capital between March and mid-August 2020, according to the latest data from Dealroom. There was a… Read More

August 14, 2020 @ 5:56 pm By Omar Faridi  |  

Guided by the government’s Fintech focused development plan and innovation strategy, China is reportedly leading the charge when it comes to establishing financial technology businesses in the country. A recent survey of business Fintech usage, performed by CPA Australia, an established accounting firm, reveals that… Read More

July 30, 2020 @ 9:48 pm By Omar Faridi  |  

Agora Dealer Services, a digital technology-focused Carrying Dealer that specializes in supporting mutual fund dealers and independent financial advisors, and Pascal Financial, a Canadian Fintech firm with an integrated, AI-enhanced wealth management platform with active behavioral finance, announced on July 29, 2020 that they’re developing… Read More

July 29, 2020 @ 9:14 am By Samantha Hurst  |  

Niyo, India-based neo banking startup, announced on Wednesday it has acquired Goalwise, a wealthtech platform. Niyo reported that the acquisition is in line with its goal of building a comprehensive product suite for its users. “Apart from the DIY zero percent commission mutual fund product… Read More

July 23, 2020 @ 9:00 am By Samantha Hurst  |  

  Allfunds, Spain-based independent wealthtech and fund distribution platform, announced on Thursday it is strengthening its commitment to Corporate Social Responsibility and has joined corporate sustainability initiative, the United Nations Global Compact Allfunds reported that it has been producing a CSR report in accordance with the Global Reporting… Read More

June 27, 2020 @ 12:03 pm By Omar Faridi  |  

Picture Wealth has finalized a A$12 million equity and debt funding round. The wealth management firm is planning to transform Australia’s financial advisory and superannuation sector. Picture Wealth has also acquired financial services licensee NEO Financial Solutions (NFS) for an undisclosed amount. Following the acquisition,… Read More