WealthTech

Mercury, a San Francisco-based digital banking outfit targeting startups, has raised $120m at a $1.62bn valuation in a Series B funding round.

iCapital Network, which is helping to drive access and efficiency within the alternative investment sector, has received $440m in funding to hit a $4bn valuation.

An analysis of the investment app market ranked the top ten UK apps which have gained an estimated 1.6 million more users in total since March 2020.

Lumanu has bagged $12m in its Series A funding round to help further the development of its platform that simplify payment collection for creators.

Data protection and security are of the highest importance for UK banking customers as financial services become increasingly dependent on digital interactions, according to a new study.

H1 2021 surpasses entirety of 2020 funding by $4.4bn, boosted by large deals over $50m

Financial institutions are not as nimble as FinTechs, but that doesn’t mean they cannot offer their own digital services. The answer is integrating technology stacks designed by specialised companies, that enables the financial institution to easily implement a range of digital investing propositions.

Digital retirement platform Vestwell has bagged $70m in its Series C round, which will help it enhance its platform offering.

Last week proved to be profitable in terms of FinTech investment, with the rounds revealing the state of cryptocurrency and InsurTech sectors.

British digital bank Starling has acquired specialist buy-to-let mortgage lender Fleet Mortgages in a £50m cash and share deal.