Institutional Investment & Trading

FinTech juggernaut Klarna has expanded its footprint in the UK with a new office in London and larger premises in Manchester.

A Jared Leto-backed startup, family-focused FinTech firms and corporate spend management companies were among the big winners of the 42 funding rounds reported on last week.

The Monetary Authority of Singapore (MAS) has introduced a RegTech grant scheme and an enhanced digital acceleration grant (DAG) program to boost tech use in the financial sector.

In the wake of COVID-19, research suggests FinTech companies are experiencing a strong growth spurt giving them the opportunity to innovate like never before.

Saudi Arabia’s only financial payments company Saudi Payments (SP) has introduced ‘sarie’ – an instant payments system – in collaboration with IBM and Mastercard.

Zurich-based WealthTech100 firm Avaloq has entered a partnership with compatriot FinTech Adviscent to provide smart content solutions for wealth managers and private banks.

Private investing platform Cadence has rebranded to Percent alongside the close of a $12.5m Series A round.

UK fintech PensionBee has debuted on the London Stock Exchange (LSE) with its shares priced at 165p per share.

Alto Solutions, the self-directed IRA platform for individuals to access and invest in alternative assets using their retirement funds, closed a $17m Series A funding.

California-based fractional real estate investing platform Fintor closed a $2.5m seed funding round.