Retail Investing & Trading

Retail Investing & Trading

Plaid inks $425m Series D, gains decacorn status

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.

Why digitalisation is key for success in wealth management

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.

Kidbrooke highlights the three trends in wealth management

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.

The FCA is concerned young investors are taking too much high-risk in their investments

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.

Crypto trading platform Bitpanda said to hit unicorn status after sizeable Series B round

Cryptocurrency investing platform Bitpanda has reportedly hit a $1.2bn valuation after it closed a hefty $170m Series B round.

Farmland investing platform AcreTrader rakes in $12m Series A

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 said to close $1m investment ahead of its pre-Series A

India-based Stockal, a retail investment platform, has reportedly raised $1m from ScaleX Partners.

How to use technology to ace the race for differentiation – Kidbrooke

Leveraging technology to improve distribution capabilities for retail customers is a top priority for asset managers, however, many firms lack confidence in their technology.

Public.com hits unicorn status after closing its Series D hot off the heels of...

Social network for investing Public.com has closed its Series D funding round on $220m, which brings its valuation to $1.2bn.

Ashton Kutcher’s Sound Ventures among the Series A backers of investing app Titan

New York-based Titan, which claims to be building operating systems for active investment management, has collected $12.5m for its Series A.

News Stories

N26 enters the insurance space with launch of new product

German challenger bank N26 has entered the insurance space, with customers now able to buy cover, manage plans and initiate claims.

Lloyd’s Lab names the 11 InsurTechs in its latest accelerator cohort

Lloyd’s Lab has announced the 11 companies it has selected for its sixth accelerator programme.

Danish FinTech Cardlay lands €8m from former Mastercard president

Copenhagen-based FinTech Cardlay has secured €8m in capital from Global PayTech Ventures, venture fund managed by former Mastercard executive Javier Perez.

Dating app Manhunt hacked with thousands of accounts leaked

Gay dating site Manhunt revealed a major data breach where a hacker gained access to the account information of the website’s nearly six million users in February 2021, according to a notice filed with the Washington attorney general’s office.

Facial recognition for securing payments to exceed 1.4bn users by 2025, study finds

A study from Juniper Research has discovered the number of users of software-based facial recognition to secure payments will exceed 1.4bn people globally by 2025.
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