WealthTech

Entrepreneur-focused challenger bank OakNorth is proving just how big an impact these digital-only alternatives could have on traditional banking by breaking even in its first year on the market.

Credit card management app U51.com is the latest Chinese FinTech startups to land a $1bn-plus valuation as the company announces its $310m Series C round.

Stock market tracking app Spiking has raised $750,000 in a seed round of funding from a group of individual investors.

UK startup Curve is adding another ?2m ($2.6m) to its seed round to bring its total funding to ?3.5m. The fresh capital comes from Connect ventures and new individual backers.

N26 is making good us of Apple’s latest update to its iOS mobile operating system that gives developers access to its voice activates assistant Siri.

Automated and algorithm-based wealth management is making an increasing impact on traditional wealth management.

Australian payments and finance app zipMoney is acquiring personal finance management app Pocketbook for $7.5m.

Brazilian digital financial services firm Nubank has raised $80m in a Series D round of funding. The investment was led by DST Global.

Financial training tool PortfolioQuest has raised $750,000 in a pre-seed round of funding. The funding for the startup was led by Nels Friets and Venkatesh Sethuraman.

Financial advice startup SmartAsset has raised $12m in a Series B round of funding led by IA Capital Group. The deal also saw participation from TV Capital, Contour Ventures, Javelin Venture Partners, New York Life, Transamerica Ventures and Fitz Gate Ventures.