WealthTech100 company Avaloq has invested in German FinTech Raquest.
The size of the cash injection was not disclosed, according to Finextra.
Request specialises in making it easier for financial institutions to get relief at source and reclaim withheld tax through automated digital processing.
Avaloq was named in the WealthTech100 list for 2020 in April last year. To see its profile as well as the other companies to make the list, download the report here.
Since then, the WealthTech innovator has been busy, having expanded its partnership with Deutsche Bank until the end of 2028, which will see the bank implement Avaloq’s wealth management technology for its operations in Switzerland, Luxembourg, the UK, Saudi Arabia, Singapore and Hong Kong.
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