WealthTech

Ness, a FinTech that builds credit cards to reduce the cost of wellcare, has raised $15.5m alongside the official launch of its first product, Ness Rewards App.

Financial advisor Wealth Wizards has launched Turo Wellbeing, which gives advice firms, life assurers, banks and building societies the tools to help customers improve their financial wellbeing.

Digitalisation is rapidly transforming investment management and firms are making it a priority. Bricknode, a cloud financial services software developer, has released a new report titled ‘Digital transformation in investment management’. In the report, it covers how cloud and software-as-a-service (SaaS) models are helping investment management firms of all sizes transform their digital services.

 Swedish buy now, pay later giant Klarna has launched a new feature for UK consumers that will let them see their full online purchase history, regardless of whether they are purchased using Klarna.

Fazz Financial, a FinTech aimed at Southeast Asia, has raised $100m for its Series C round, which comprises $75m in equity and $25m in debt.

Stash Financial, a beginner investing app, has reportedly closed a $52.6m debt offering, which came from a dozen of investors.

Wiseday, a Canadian firm aiming to deliver the country’s first instant mortgage pre-approval process, has bagged $5m in a seed funding round. 

Moonfare, a digital private equity investment platform, has capped the extension of its Series C investment round at $15m.

Teahouse Finance, a decentralised asset management and strategy platform provider, has raised a total of $5m in funding.

Capital Union Bank, a Bahamas-based pioneering financial institution, has announced the launch of its new online banking platform (eBanking) in collaboration with leading WealthTech provider, Avaloq.