Institutional Investment & Trading

Research by Investec has found FinTechs use partnerships with larger financial services companies to offer market-leading savings products to their clients.

Investment management platform Titan raised $58m in a funding round led by venture capital giant Andreessen Horowitz's cryptocurrency fund, with participation from celebrities Kevin Durant, Odell Beckham Jr, Jared Leto and Will Smith.

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.

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.

FinTech companies continue to rake in millions of dollars with a slew of startups graduating to the unicorn club. The 42 ventures in the sector that topped up their accounts last week are proof of that.

Compliance Solutions Strategies (CSS) has expanded its collaboration with legal firm aosphere to integrate the latter’s market data services with CSS’ investment monitoring platform.

M1 Finance, which offers a financial super app featuring automated investing, lending, and banking services, has secured $150m in Series E funding round led by SoftBank’s Vision Fund 2 at a valuation of $1.6bn.

Natwest, the Canadian Imperial Bank of Commerce, ITAU and the National Australia Bank have joined forces to create a new marketplace for firms to buy and sell carbon offsets.

The European Securities and Markets Authority (ESMA) has fined DTCC Derivatives Repository for seven breaches of the European Market Infrastructure Regulation (EMIR).

Out of the 33 FinTech funding rounds we reported on last week, PayTech companies and lending enterprises were the clear winners.