WealthTech

HSBC Qatar has unveiled a new mobile payments and collections service for its customers as it continues its investment into digitising banking services.

Singapore-based Honest Bank has reportedly hit a $113m valuation, following the close of a $19.7m Series A.

Nigerian FinTech Alerzo has raised $10.5m from a Series A funding round led by Nosara Capital.

UK cross-border payments platform Zepz has secured $292m from a Series E funding round that has pushed its valuation up to $5bn.

An interview between Currencycloud and financial brokerage firm DriveWealth has detailed how embedded finance is changing the investment space in wealth management.

Buy now, pay later (BNPL) firm Klarna teamed with H&M to launch its app and its Pay in 30 days BNPL option in the Polish market.

DriveWealth Holdings, a fractional trading and embedded finance platform, has collected $450m in its Series D round, putting its valuation at $2.85bn.

Mosaic Insurance and end-to-end IT services firm DXC Technology have partnered to launch a new insurance technology platform.

A quarterly report by the buy now, pay later (BNPL) business Afterpay has estimated that spending share by Millennials and Gen Z will grow to almost 50% by 2030.

San Francisco and Sacramento-based financial technology company One raised $40m in Series B funding to expand its digital banking-related product offerings for the middle-class.