WealthTech

Indonesia payments firm Xendit has reeled in $150m from a Series C funding round and has pushed its valuation over the $1bn mark.

Digital investing platform Peaks has reportedly raised €5m in a funding round, which will bolster its presence in the Netherlands and Germany.

Zopa has found 4 in 10 UK consumers would use open banking to apply for credit if it boosted the chance of getting an offer or gave them access to better rates than banks.

China has introduced Wealth Management Connect, a scheme that is looking to better connect its southern Guangdong province with neighbours Hong Kong and Macau.

pingNpay, a global micropayment network supported by blockchain technology, has revealed it intends to make its network operational by 2022.

Varo Bank, which claims to be the first all-digital nationally chartered bank in the US, has raised $510m in an oversubscribed funding round.

Irwin, a software developer for the capital markets, has closed its Series A round on $20m, which will support the expansion of its services.

A recent report by payment service provider Emerchantpay has discovered digital wallets will account for £11bn in online consumer spending by 2026.

Ledgy, an end-to-end equity management platform, has reportedly collected $10m in its Series A round, which will support its growth in new markets.

MNT-Halan, a banking platform based in Egypt, has collected $120m in a funding round to help its international growth.