WealthTech

UK challenger Atom Bank has achieved two substantial milestones after it exceeded £3bn of residential mortgage completion and reached £1bn in Instant Saver account deposits.

Over the past few decades, celebrities have increasingly taken on roles that go beyond the world of glitz and glam to becoming the next generation of FinTech investors. And the trend seems to be here to stay.

Instant invoice payment firm Previse has partnered with e-invoicing business Pagero to enable instant, embedded finance to be delivered on the latter’s open business network.

Travel accommodation company Booking.com has created a new internal FinTech business unit to help facilitate better access to its global travel marketplace.

African FinTech Carbon has entered a five-year strategic alliance with Visa to provide digital and physical issuance of Visa cards to its customers on the continent.

The FinTech space continues to grow with no sign of slowing down and the 29 rounds raised week prove that, with cryptocurrency companies and InsurTechs being the leading sub-sectors.

FairMoney, a neobank operating in Nigeria and India, has closed its Series B round on $42m as it expands into more emerging markets.

A survey by Accenture has found almost three-quarters of financial sector workers in the UK would prefer a flexible working policy once the pandemic has come to an end.

Singapore-based neobanking startup, StashFin completed the extension of its Series B equity financing of $40m.

Financial wellness platform BrightPlan has closed its Series A round on $9.5m, as it looks to continue its growth momentum that helped it boost its annual recurring revenue nearly fivefold in 2020.