WealthTech

As digitalisation continues to be a priority for firms, they are looking at their customer communication management technology as a critical piece of their infrastructure, according to Doxim vice president of sales, financial services Scott Biel.

Banking-as-a-Service platform Railsbank and Plaid have joined forces enabling companies in the UK to instantly accept bank payments within their app or website.

UK FinTech Lanistar has secured Financial Conduct Authority (FCA) approval to operate as an Electronic Money Directive (EMD) agent of payments business Modulr.

UK-based neobank Pennyworth has begun beta testing of the first version of its financial planning app on all iOS devices.

India-based Stockal, which offers retail investment services, has reportedly collected $3m in funding to help it reach its target of hitting $1bn assets under management.

FinTech juggernaut Klarna has expanded its footprint in the UK with a new office in London and larger premises in Manchester.

Canadian FinTech company Wealthsimple has raised C$750m from a funding round led by Greylock and Meritech.

Nivesh, which claims to be the mutual fund for all, has reportedly collected $1.6m in its pre-Series A funding round.

As the WealthTech sector continues to grow at a rapid rate, FinTech Global has named the 100 most innovative companies in the space, as part of its third annual WealthTech100 list.

A Jared Leto-backed startup, family-focused FinTech firms and corporate spend management companies were among the big winners of the 42 funding rounds reported on last week.