WealthTech

Helix by HL, a generative AI assistant, has marked a new chapter in private market investing with a $6m seed+ investment.

Finshape, a vanguard in the FinTech solutions landscape, has proudly announced its strategic alliance with Arab National Bank (ANB), a seminal financial institution renowned for its innovative approach in Saudi Arabia.

As we delve deeper into 2024, the embedded finance phenomenon continues to reshape the financial services sector. A Capgemini survey from 2021 revealed that over 70% of banking executives view embedded finance as a catalyst for innovation, customer base expansion, and cost reduction, predicting its market value to soar to $588bn by 2030 from $22bn in 2020. This trend positions embedded finance as a key strategic channel for banks.

WealthTech's promising Q1 2024: Valuations soar as strategic buyers lead

FinTech startup builder FinLeap has nabbed ?39m in funding and opens new headquarters in Berlin.Investors to the round included Signal Iduna, SBI Group, Dutch...

The Bahrain Economic Development Board and FinTech Consortium have launched Bahrain FinTech Bay, a FinTech hub dedicated to the Middle East and Africa.

Digital Debt Capital Markets (DDCM), which aims to digitise the end-to-end life cycle of a bond, has scored £2.5m in funding from a group of individuals and family offices.

Ethereum-based DeFi aggregator Zerion raised $8.2m in a Series A funding round led by Mosaic Ventures which also featured participation from Placeholder, Digital Currency Group, and Blockchain.com Ventures, among others.

Germany-based Ride Capital, which aims to democratise wealth structuring, has reportedly raised €3m in funding.

Troubled German banking giant Deutsche Bank is making an investment in the FinTech space and taking a 12.5% stake in trade receivables marketplace TrustBills.