WealthTech

Plug and Play's European FinTech-focused accelerator has revealed the names of the eight startups selected for its sixth batch.

The future of digital investing during the coronavirus is a battle of two-sides. On one side you have the increased usage of online services and a greater number do-it-yourself (DIY) investors, and the other has a coyness from managed proposition users and more uncertainty from decision makers.

Investment startup Growth Capital Ventures has secured £750,000 in new investment from Finance Durham Fund.

The top UK financial markets watchdog has called for experts' insights into how to best regulate the consumer investment market.

Funding technology platform Funding Xchange has bagged a $10m Series A funding round co-led by Downing Ventures and Gresham House Ventures.

Automatic savings app Chip has collected £10.7m via Crowdcube and the government-backed Future Fund.

From cybersecurity unicorn Snyk's $200m funding round to payment service provider startup Mollie's €90m new cash injection, the last week was full of FinTechs completing funding rounds.

Brazilian challenger bank Nubank has acquired digital investment platform Easynvest for an undisclosed sum as the Latino FinTech decacorn moves into the investment space.

Growth platform Tech Nation has launched the Fintech Pledge to accelerate the growth of the UK’s FinTech sector by enabling enhanced collaboration between banks and leading FinTech firms.

Another German FinTech giant bites the dust with Monedo filing for bankruptcy after the pressures of Covid-19 became too much for the once celebrated company backed by investors like Peter Thiel and Naspers.