WealthTech

Indonesia-based robo-advisor platform Bibit has reportedly bagged $30m in funding, bringing its total equity raised to $45m.

Global spend and procurement platform PayEm has pulled in $27m in funding over two rounds following a strong fiscal 2021.

Challenger bank Simple is shutting down, according to parent company BBVA USA, which acquired the company in 2014.

Starling Bank's CEO and founder Anne Boden has criticised the UK government for failing to include financial fraud in the Online Harms Bill, arguing it will lead to more "heart-breaking stories".

Banking platform Mambu has topped up its coffers with a $134.43m round, firmly placing it in unicorn territory.

Orange Bank has bought French neobank Anytime to scale up its commercial reach and enhance its range of solutions for professionals and SMEs.

Agriculture-focused challenger bank Oxbury has secured £15m in new funding as it is preparing to officially launch later in January.

Digital banking platform Oxygen has collected $17m in its Series A funding round, which will help it build new banking products.

Cryptocurrency index fund provider Bitwise Asset Management recently surpassed $500m in assets under management, up from $100m in October.

The Coalition for a Digital Economy (Coadec) has urged the UK's top financial regulator to make open banking truly open in 2021 and to "break" banks' dominance.