Open banking platform Plaid hauled in a massive $425m Series D funding round led by Altimeter Capital with participation from new investors Silver Lake and Ribbit Capital, pushing the firm’s valuation to $13.4bn.
As new technologies and digitalisation continue to change the way wealth managers operate, it’s more essential now than ever to understand the changing needs and requirements of clients and capitalise on client-centricity and digitally-enabled interaction channels.
Rethinking customer wealth journeys, greater adoption of sustainable finance and more social media engagement among wealth managers were the three main trends in Q4 2020.
Nearly two thirds of younger investors are taking big risks on their investments, which could significantly impact their lifestyle, according to a report from the FCA.
Cryptocurrency investing platform Bitpanda has reportedly hit a $1.2bn valuation after it closed a hefty $170m Series B round.
AcreTrader, which claims to be a farmland investing platform aimed at removing barriers to farmland investing and ownership, has closed its Series A on $12m.
India-based Stockal, a retail investment platform, has reportedly raised $1m from ScaleX Partners.
Leveraging technology to improve distribution capabilities for retail customers is a top priority for asset managers, however, many firms lack confidence in their technology.
Social network for investing Public.com has closed its Series D funding round on $220m, which brings its valuation to $1.2bn.
New York-based Titan, which claims to be building operating systems for active investment management, has collected $12.5m for its Series A.