Institutional Investment & Trading

From crypto startups raising millions despite Elon Musk pulling out of the bitcoin frenzy to subscription-based firms capitalising on the Covid-19 crisis, this is what you can learn from the 40 FinTech funding rounds of last week.

FundGuard, an AI-powered SaaS investment management and asset servicing platform, has netted $12m in its Series A round.

UK challenger bank Starling Bank has added WealthTech Nutmeg to its marketplace.

London-based FinTech Origin has raised a Series A round from Deutsche Börse Group’s post-trade services provider Clearstream and the Luxembourg Stock Exchange.

9fin, which supplies data, news and predictive analytics to debt capital markets, has scored £8m in its Series A funding round.

Although financial participation continues to linger at around 10% among European banking clients, a stark contrast to the 89% of individuals acknowledging the importance of financial preparedness for their future, several emerging trends are inspiring optimism. These trends are pushing financial participation to new heights.

SparkLabs Group has launched a $100m vehicle focused on blockchain and cryptocurrency companies.

US banking app Dave has entered into a partnership with acquisition firm VPC Impact Acquisition Holdings that will result in the former becoming a publicly-traded company.

Cloud-based investor platform BondLink has raised $10m in a funding round led by Franklin Templeton Investments.

Nodia, India-based Nivesh, a mass market mutual funds investment platform, has raised $444,000 in seed funding.