WealthTech

India-based neobank Fi Money has reportedly collected an additional $17m for its Series C funding round.

China-based personal finance business X Financial has launched its IPO for a total offering size of around $104.5m.

The FinTech realm is buzzing with Tofu's recent announcement. Operating under the banner "GetPaid Inc.", this FinTech startup has made a grand entry in the US market, unveiling a holistic business management platform.

TNG FinTech Group has acquired PT WalletKu Indompet Indonesia, a digital wallet and payments platform.

IGM Financial pumped an initial $50m into the company in May with a further $25m dependant on the company reaching a growth milestone by the end of Q2 2017.

Gohenry, a prepaid card for children and parents, has raised £6.2m in its crowdfunding campaign.

Micro-investing startup Trove has allegedly secured capital from an investment round backed by three angel networks.

National Bank of Bahrain (NBB) has become the first bank in the MENA region to launch open banking services for its customers.

Nearly two thirds of younger investors are taking big risks on their investments, which could significantly impact their lifestyle, according to a report from the FCA.

Japanese mobile wallet Kyash has raised JPY 1.5bn ($14m) in its Series B round led by tech-focused venture firm Goodwater Capital.