24 FinTech funding rounds from the last week you should know about
From Stash’s $113m round to Okra collecting $1m in new investment, the last week has seen a smattering of FinTech companies raise money.
SEC charges LendingClub and former execs $4m for fraud
Online investing platform LendingClub Asset Management (LCA) and its former president Renaud Laplanche have been charged with fraud by the US SEC.
Investing platform Yieldstreet nabs $400m credit facility
Direct-to-consumer investing platform Yieldstreet has closed a $400m credit facility from Monroe Capital.
iSTOX nets $5m from new partner to support its move into Japanese market
iSTOX, a digitalized securities issuance, custody and trading platform, has netted $5m from Japan-based Tokai Tokyo Financial.
Capitolis said to raise $40m in funding
Capital markets technology developer Capitolis has reportedly raised $40m in funding from Spark Capital and SVB Capital.
HSBC bolsters Hong Kong offering with AI-powered equity index product
HSBC has unveiled AiPEX5, a new AI-powered equity index structured product to bolster its wealth offering in Hong Kong.
Banks more trusted than FinTechs and Big Tech, US survey reveals
A Bank for International Settlements (BIS) survey has found US citizens trust banks more than FinTechs, government agencies and Big Data to protect their personal data.
CDPQ, Desjardins Group partner for new FinTech fund
Canada-based La Caisse de dépôt et placement du Québec has partnered with Desjardins Group to create a FinTech investment vehicle.
Alternative asset management platform Ethic bags $50m
Ethic, a sustainability-focused personalisation-powered asset management platform, has closed its Series C round on $50m.
nesto eyes staff, tech expansion following $76m Series B raise
Canadian mortgage comparison platform nesto has raised $76m from a Series B funding round.
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