WealthTech

Canada-based spare change platform Mylo Financial Technologies has closed its seed funding round on CAD $2m ($1.6m).

FinTech's irresistible rise has financial institutions scrambling over one another to take advantage of the sector – but a trio of major pitfalls are present to engulf unwary  investors, FinTech author Paolo Sironi explained in a research interview with FinTech Global

Osu, a payment app for self-employed, has reportedly collected ?2.25m in its seed funding round.

A blogpost by data science and behaviour change firm Sentiance has highlighted the growing importance of hyper-personalization in the retail banking sector.

Financial services tech investor Motive Partners has agreed a deal for a controlling interest in Germany's LPA.

Unlimited, which allows investors to access alternative investment strategies without the high costs commonly associated, has bagged $8m.

National Bank of Bahrain (NBB) has become the first bank in the MENA region to launch open banking services for its customers.

Flink, which offers an investment app, has scored $12m in its Series A round, which will help it expand across Latin America.

French challenger bank Qonto, which reached a $5bn valuation in January, has reportedly closed a crowdfunding campaign in just six hours.

Italy-based Reno de Medici (RDM Group), which creates recycled cartonboard, has picked Tietoevry to modernise its core business processes and digitise its mills.