WealthTech

MoneyHOP, a global banking platform aimed at Indian millennials, has reportedly nabbed $1.25m in its seed round.

The embedded finance market is currently going from strength to strength. Thanks to companies like PayPal and Klarna, many non-financial institutions are integrating financial services into their platforms. As the sector continues to expand, how can traditional banks compete?

A payments system review by the Australian government has detailed key regulatory issues in the country’s payment ecosystem.

Global retail giant Amazon has partnered with buy now, pay later (BNPL) company Affirm to provide its US customers with a BNPL option at the checkout.

Financial wellness platform Origin has closed its Series B funding round on $56m, which has brought its valuation up to $400m.

A report by VoucherCodes has found 47% of all transactions are expected to be contactless by the end of 2022.

Investment analytics platform Aumni has closed its Series B round on $50m to help it increase its customer base.

Alpaca, a stock brokerage platform that offers APIs for FinTech apps to connect and trade in US stocks, raised $50m and plans to launch cryptocurrency trading.

People in the UK will be able to make contactless payments up to a new limit of £100 from the 15th of October 2021.

Global banking and investing app Winvesta has reportedly closed its seed round as it looks to boost its hiring efforts and product development.