WealthTech

South African banking-as-a-service (BaaS) company Jumo has bagged $120m from a recent funding round co-led by Visa, Fidelity Management and Kingsway.

Female Invest, an EdTech platform striving to close the gender investment and savings gap, has raised £3.3m in its recent funding round.

A report published by Finder, a personal finance comparison site, has revealed that half of investors in the UK are using social media to inform their investing decisions, with one in five relying solely on social media sites.

TotallyMoney, the free credit score service and personal finance app, has raised £9m in funding from existing investors in the UK and US.

The UK’s first neo bank aimed at the mass affluent market has finally launched after the regulators lift restrictions over its on deposit taking.

Investor app Quartr has secured $4.5m from a seed funding round that included a number of key names from the financing industry.

Retail giant Amazon has teamed with global insurance broker Marsh to help small business sellers get affordable coverage on product liability.

A recent report from Plaid, an open finance data network and payments platform, has revealed that nine in ten UK consumers say fintech apps and services have helped them in some way.

Consumer savings platform Accrue has inked $4.7m from a seed funding round led by Twelve Below.

Asset management program for advisors GeoWealth has closed its Series B round on $19m as it eyes hiring opportunities.