WealthTech

TrustQuay, a technology developer for the corporate services, trust and alternative fund administration markets, has partnered with Nightingale Trustees.

South Korea-based social trading platform League of Traders has closed its pre-Series A funding round on $2.4m.

GoCardless, a leader in direct bank payments, is set to purchase open banking data provider Nordigen for an undisclosed fee.

PolySign, a developer of blockchain-enabled digital asset infrastructure, has closed its Series C funding round on $53m.

SAS, a global AI and analytics leader, has acquired Kamakura, a company that provides specialised software, data and consulting for financial services firms.

Over the past few years, alternative lending has seen its position in the lending market grow considerably as needs and requirements change. In a recent post by cross-border payments firm Currencycloud, the company outlined why it believes alternative lending is not a passing trend.

InvestEngine, which aims to bring the ETF investment market to everyone, has closed its crowdfunding campaign on £1.4m.

Digital customer service unicorn Glia has acquired AI-powered chatbot platform Finn AI.

Spire, a GCC open banking services provider, has partnered with Mastercard to help banks revolutionise consumer engagement and enhance user experiences.

This week saw a strong 37 deals take place, which showcased the continued attraction of the InsurTech industry, with growing attention being paid to pet insurance, as well as continued investment in Blockchain & Crypto, despite predictions this could be about to burst.