WealthTech

ClearBank, a next-generation clearing and embedded banking platform in the UK, has secured a ?175m equity investment.

Lune, which aims to help retailers and consumers understand the climate impact of their purchases, has collected $4m in its funding round.

Egypt-based credit app Lucky has scored $25m in a Series A round, which it claims is the largest of its type raised by a FinTech in the country.

There is a growing hype around digital assets. Blockchain, cryptocurrencies and NFTs are all growing in the public interest – will wealth managers jump on the trend?

DailyPay, an on-demand pay platform that helps employees get real-time access to wages, has received $300m in a revolving credit facility from Barclays.

Onuu, an Austin-based provider of banking and insurance solutions, has raised $6m in Seed A funding led by Latinx-led VC Leap Global Partners.

Treehouse, a Web3 company transforming on-chain data into metrics to help decentralised finance (DeFi) investors make informed financial decisions, has raised $18m in seed funding.

Spanish neobank Rebellion Pay has chosen Sentinels, a transaction monitoring and client risk management platform, to bolster its AML compliance monitoring and risk profiling functions.

doxo, an all-in-one bill payment platform, has closed its Series C funding round on $18.5m, which was led by San Francisco-based Jackson Square Ventures.

The growth of digital use in wealth management is helping the industry go from strength to strength. However, there are still some key traps wealth managers can fall into when developing their digital offering.