Trading Platforms

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.

With Trade Republic netting $900m and four startups earning the horn among 46 rounds, last week proved to be a great week in terms of FinTech investment, particularly for stock trading apps enterprises.

SoftBank’s Opportunity Fund led a $10m Series A round of funding into Zoe Financial, a digital marketplace for people to find and hire vetted independent financial advisers.

Pre-wealth management platform Secfi secured a second investment facility from Serengeti Asset Management for $150m.

German stock-trading app Trade Republic raised $900m in Series C funding which valued the company at over $5bn - a figure that soared from $600m from last April.

Paris-based real-time investment monitoring platform Finary raised €2.2m in a seed round funding led by European VC Speedinvest.

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.

The Bank of Israel has opened a public consultation on the potential issuance of a digital shekel.

Forge Global, a private securities marketplace, has netted $150m in funding, alongside getting approval from FINRA to operate as a single broker dealer.

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