WealthTech

A report by McKinsey has outlined the key challenges financial companies facing from the rise of central bank digital currencies (CBDCs).

Switzerland-based SEBA Crypto has netted CHF 100m ($101m) in funding to build a FINMA licensed bank.

Midas, a retail investing startup that gives access to US and Turkish equities in Turkey, has raised $11m in equity funding.

Canadian FinTech and certified credit card issuer Brim Financial secured $25m in a Series B round co-led by Desjardins Group and EPIC Ventures.

DMALINK, a renowned name in the FinTech realm, recently celebrated a significant milestone. The firm successfully concluded its crowdfunding campaign on the Seedrs platform, raising an impressive £437,404, a feat even more commendable considering it exceeded their initial target of £425,010.

FTX US has acquired Embed Financial Techologies, a clearing firm specialising in providing white label brokerage services and APIs to broker-dealers and investment advisors.  

US payments network Rapyd is set to purchase Icelandic company Valitor from Arion Bank in a $100m deal.

FinTech Stride Funding has secured $12m from a Series A financing round led by Firework Ventures.

Digital investment app Worthy has closed its seed financing round, to help with the full-scale launch of the mobile app.

Brazilian challenger bank Nubank has made its first ever acquisition to boost its internal development team as it aims to tackle several obstacles in...