Company News

UBS Wealth Management USA has agreed to pay a $8m fine to the Securities and Exchange Commission (SEC) over its failure to properly supervise brokers who sold complex exchange-traded products without understanding the risks.

Ntropy closed a $3.2m seed round led by QED Investors, who has previously invested in fintech unicorns Nubank, Klarna, and Current.

Israeli commercial real estate startup that automates the insurance compliance process for tenants and property managers Jones raised a $12.5 Series A funding round.

Controversial trading app Robinhood, which was at the centre of a retail-trading frenzy that gripped Wall Street this year, plans to raise up to $2.3bn in an initial public offering.

US FinTech MPOWER Financing has raised $100m from a highly subscribed equity funding raise.

US customer interaction firm Lightico has secured $15m from a Series B funding round led by Capital One Ventures.

A recent survey has found that over half of the experts who took part believe bitcoin will become more dominant than money issued by central banks in less than 30 years.

A survey conducted by regulatory technology business Clausematch has found the RegTech industry has witnessed accelerated growth during the coronavirus pandemic.

Finance company Capital India has invested $25m via equity and debt in education loans platform Credenc.

SEC-Licensed digital broker and leading digital investment platform Chaka Technologies raised $1.5m in a pre-seed funding round led by Breyer Capital, global venture capital firm focused on tech companies like Spotify and Facebook.