WealthTech

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.

UK banks are being forced to get to grips with FinTech thanks to a package of measures being imposed by the Competition and Markets Authority (CMA).

Digital asset trading platform Crypto Facilities has raised $1.5m in a seed round. The funding comes from an AngelList syndicate led by Humminbird Ventures partner Pamir Gelenbe.

Atom Bank, a UK-based challenger bank backed by Spanish finance giant BBVA, plans to raise ?100m ($131m) in the first quarter of 2017.

Indian investment platform Finvasia has raised an undisclosed round of funding in its pre-launch phase. The investment comes from Indian VC Intrinsic and values the company at Rs150 crore ($22m).

Business intelligence firm Ipreo is expanding its service into private companies as more highly-valued firms choose to hold off IPOs.

Uber is increasing the financial services that it offers its drivers through a partnership with robo-advice company Betterment.

Ginmon, a Frankfurt-based robo-advisor, has raised a new round of funding led by London VC Passion Capital. The size of the round is undisclosed.