WealthTech

Zeller, which offers an alternative to business banking, has reportedly revealed that it collected $25m in its Series A last year.

UK challenger bank Revolut is facing accusations of having illegally forced employees to either quit or being fired for underperformance as the FinTech unicorn was looking to cut cost amidst the coronavirus pandemic.

The Commonwealth Bank, a leading Australian financial institution, has entered into a groundbreaking partnership with Smartgroup, a prominent provider of salary packaging services.

Out of the 33 FinTech funding rounds we reported on last week, cybersecurity companies and cryptocurrency-based enterprises were the clear winners.

FundGuard, an AI-powered investment management and asset servicing platform, has closed its Series B funding round on $40m.

Cloud-based data automation platform Duco will deploy its technology with New Zealand-based wealth manager JBWere NZ.

 Xclaim, which claims to be the only independent trading platform for crypto assets locked by bankruptcy, has reportedly raised $7m in its Series A.

Personal finance mobile app targeting teens Wingocard has scored $2m in its seed round, which was led by Diagram.

The Hong Kong Monetary Authority (HKMA) has unveiled a new strategy for driving FinTech development in Hong Kong.

Monzo co-founder Tom Blomfield has been removed as a director, as part of his transition into a new role and the appointment of TS Anil as the bank’s CEO.