WealthTech

Challenger bank Bunq has reportedly closed a €160m funding round, which puts its valuation at €1.65bn.

Viva Republica, the Seoul-based FinTech company operating mobile financial app Toss raised $410m in fresh funding, which values the company at $7.4bn.

Swiss wealth management company Criptonite Asset Management entered into a partnership with SEC-regulated digital asset investment manager Wave Financial to address the increasing demand from European investors on crypto-related products.

Deutsche Bank and Fiserv have collaborated to create a comprehensive provider of payment acceptance and banking solutions in the German market.

Global stockbrokers, neobankers and financial institutions are all slowly onboarding crypto into their asset portfolio and it's probably a matter of time before WealthTechs do the same, according to analysts.

Lab49, a consultancy firm for banks and financial services providers, has completed an employee-led GoFundMe page to help purchase oxygen concentrators for colleagues in India.

UK-based FinTech Novus has teamed with Visa and Railsbank to develop a mobile application that rewards users for purchasing sustainably.

JP Morgan Chase has bought British digital wealth manager Nutmeg as part of the US bank's expansion into the UK retail banking and investment market.

Open banking platform Finleap Connect has secured €22m from a Series A funding round led by SBI Investment.

A study conducted across ten European countries by Mastercard has found the UK and the Nordics are the most well-suited for the growth of open banking across the continent.