WealthTech

Capital markets FinTech Capitolis has raised $110m in Series D funding, bringing it to a $1.6bn valuation.

A study by online pension provider PensionBee has found that 63% of pension savers view net-zero pledges as disingenuous and making not much difference to the climate crisis.

Markd has launched as an InsurTech VC and subsequently closed its $100m debut fund to fund early and growth stage startups.

Apple has purchased UK-based open banking startup Credit Kudos for a fee that is currently undisclosed.

Australian expenses management platform Cape has raised $33.1m in debt and equity financing following a $30m debt facility and a $3.1m equity round.

Jeeves, an all-in-one corporate card and expense management platform, has reached a $2.1bn valuation after the close of its Series C on $180m.

The International Organization of Securities Commissions (IOSCO) has published a consultation paper identifying several concerns over the surge in retail trading.

Prudential Financial, in partnership with LeapFrog Investments Group, is to acquire a strategic minority interest in Alexander Forbes Group Holdings, a provider of financial advice, retirement, investment and holistic wealth management services in South Africa.

Dave, a banking app that aims to democratise the financial ecosystem, has bagged $100m as part of a new strategic partnership with West Realm Shires Services, which owns FTX US.

Recent research by WealthTech firm Bricknode has found the percentage of European neobanks currently offering investment products is close to half at 44%.