WealthTech

Sweater, which claims to be creating the first fully-managed venture capital fund for retail investors, has raised $12m in its seed funding round.

Barcelona-based embedded finance firm Hubuc has secured $10m from a seed funding round co-led by Runa Capital and WndrCo.

Savvy, a wealth management firm that provides wealth managers with enhanced software and marketing automation, has raised $7.3m from a seed round.

Traditionally, wealth management has been for the wealthy. The average Joes and Janes have often been skipped out on by big wealth managers due to little revenue incentive to capture that market.

Consumer neo-banking platform Niyo has raised $100m for its Series C, as it looks to shift gear on its mission to transform banking in India.

Real-time credit solution provider KarmaLife has reportedly netted $2.2m in its pre-Series A funding round.

LiveMore Capital, a mortgage lender to the over-50s, has secured a £275m credit facility from NatWest.

Amber Group, a leading global digital asset platform, has raised $200m in Series B+ funding, bringing the company to a $3bn valuation.

Zebec, a continuous and programmable cash stream protocol on Solana, has raised $15m in funding to scale its payment solution.

SoFi Technologies is buying banking-software maker Technisys for approximately $1.1bn, the latest in a string of deals designed to transform the lender into a one-stop financial shop.