WealthTech

Challenger bank Zopa raised a £20m round led by IAG Silverstripe to help the firm further expand its footprint.

Robo-advisor Bibit.id raised $65m in a funding round led by Sequoia Capital India.

UK-based banking technology firm 10x Future technologies closed a $187m in Series C financing round co-led by funds managed by BlackRock and Canada Pension Plan Investment Board (CPP Investments).

London-based, Nigerian-operating startup Kuda closed a $55m Series B co-led by Valar Ventures and Target Global at a valuation of $500m.

Wealth managers might not be aware, but there is a revolution underway in how they handle customer journeys. Traditionally a firm has used a customer relationship management (CRM) solution to track engagements, but this is being made redundant by the better equipped client lifecycle management (CLM) solutions.

pockid, a banking app that labels itself as the first dedicated banking app for Generation Z customers, has snapped up $4m from a seed funding round.

A blogpost by Kidbrooke has detailed how financial organisations can ensure regulatory compliance and transparency when it comes to their digital financial products.

Southeast Asian open finance platform Ayoconnect has closed a $15m Series B funding round led by Tiger Global.

Barcelona-based embedded finance firm Hubuc has secured $10m from a seed funding round co-led by Runa Capital and WndrCo.

EnKash, an all-in-one spend management platform and corporate card firm, has raked in $20m as part of a Series B round.