WealthTech

Swedish open banking startup Tink is set to acquire German firm FinTecSystems for an undisclosed amount.

Egyptian digital banking startup Telda raised $5m in a pre-seed funding round led by VC giant Sequoia Capital, marking the region's largest pre-seed funding round.

Financial analytics API developer Kidbrooke has teamed up with additiv to help cater to the growing demand for financial health and financial planning tools.

Pickright Technologies, which helps consumers to grow and manage money through investments, has reportedly collected $200,000 in funding.

Payments juggernaut PayPal has strengthened its partnership with Google Cloud to help it process transactional data at a larger scale.

Relay, a digital banking platform for small businesses, has closed its Series A round on $19.4m in funding.

FinTech offering LatAm businesses access to growth capital Divibank closed a $3.6m round of seed funding led by San Francisco-based Better Tomorrow Ventures and Village Global which includes Bill Gates, Jeff Bezos and Mark Zuckerberg as investors.

Challenger bank Monzo becomes one of the first UK FinTechs to introduce paid leave for employees who are affected by the loss of a pregnancy as part of the bank’s mental health drive.

FinTech firm Tide entered into a partnership with cloud business management solutions provider Sage with an aim to offer an integrated banking and accounting product for its members.

Users of TietoEVRY’s WealthMapper platform will now be able to see Environmental, Social and Governance (ESG) scores across their investment portfolios.