How the coronavirus will affect different segments of the FinTech industry
As COVID-19 rages on across the world, the affects on the FinTech segment of the economy is already letting itself be known.
Why Wealthsimple and CyberTech success stories stood out among the 25 FinTech rounds raised...
CyberTech ventures, Deadpool-backed enterprises, and InsurTech startups are among the big winners of the 25 FinTech funding rounds reported last week.
WealthTech business Prumentum takes $25m and acquires stake in Plancorp
Silicon Valley-based WealthTech business Prumentum Group has raised $25m in a Series A round. The funding comes from family offices, including the Fremont Group and the Cynosure Group.
Saudi allows two firms to test computerized investment advice
The Saudi Capital Market Authority has approved two robo-advisory services to being opperations in the country.
Could the coronavirus mean a boost in tech adoption in the wealth management sector?
While many have predicted that artificial intelligence could change how financial services operate, Kidbrooke notes that the revolution has yet to manifest. Could Covid-19 change that?
Chatbot Chip storms past crowdfund target, ending on over £1m
Savings chatbot Chip has stormed passed its crowdsale target, closing the campaign on just over £1m.
Japan-based WealthNavi bags $37.6m in funding round
WealthNavi, a robo-advisor based in Japan, has raised 4.1bn JPY ($37.6m) in a funding round to support the expansion of its management base.
Should you outsource or build your own WealthTech solutions?
Implementing digital wealth management solutions can be tempting for many companies. However, the choice of whether they should build their own, enlist vendors or mix the two approaches is far from easy to make.
AdvisorEngine picks up $20m for wealth management platform
Digital wealth management platform Vanare has raised $20m in a Series A round. The financing comes in the form of a strategic investment by WisdomTree Investments.
Asset management AI company Pagaya closes its Series B on $14m
Pagaya, an asset management support solution powered by machine learning, has closed its Series B round on $14m.
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