WealthTech

Online investment platform Vested Finance has scored $3.6m in its seed round, which will help it hire talent across the US and India.

The Monetary Authority of Singapore (MAS) has introduced a RegTech grant scheme and an enhanced digital acceleration grant (DAG) program to boost tech use in the financial sector.

JP Morgan has partnered with DBS Bank and Singapore government-owned firm Temasek to introduce a new joint payments company.

Virgin Money has partnered with FinTech company Trade Ledger to deliver a quicker, more user-friendly experience for business customers applying for lending.

Investing platform Warren has reportedly raised $54.95m in a funding round from Singapore sovereign wealth fund GIC.

Rho Technologies, the parent company of Rho Business Banking, has bagged $100m in debt financing to support its strategic initiatives.

Berlin-based challenger bank Vivid Money has raised $60m from a Series B funding round led by Greenoaks.

The UK’s Financial Conduct Authority has published proposals to bolster its financial promotion rules for high-risk investments in a bid to help retail investors make better decisions.

Singaporean payments company FOMO Pay has partnered with buy now pay later (BNPL) firm Atome to expand the use of BNPL in Asia.

FypMoney App has reportedly collected $2m in a seed funding round, which will help it deepen its product development.