WealthTech

Wealth management institutions have been dealing with greater complexity in areas of compliance and regulation. As the number of jurisdictions increases, so does potential liability and, as a result, global companies must embrace digitalisation to stay clear of legal hot waters.

German digital bank N26 has reached a $9bn valuation, following the close of a $900m investment round, which it claims to be the largest financing of a digital bank in Europe.

Singapore-based digital wealth app Endowus has raised $27m in its mission to make expert wealth management accessible, affordable and convenient to everyone in Singapore and across Asia.

Indonesia-based digital finance platform Akulaku is considering a merger with special purpose acquisition company (SPAC) Catcha Investment Corp, according to a report by PYMNTS.

Berlin-based FinTech startup Vivid Money has raised $114m in a Series C round, propelling the company to a valuation of $884m.

Ever since Meta, formerly Facebook, gave that presentation on its move to the metaverse, the virtual world has become more of a reality.

HCL Technologies, a leading global tech company, has expanded its global partnership with WealthTech Avaloq to develop a lifecycle management center for their clients.

Portfolio, an investment app based in Manchester, has raised £1.5m from a hugely successful crowdfunding campaign.

Planning for the future can be tough, but what does a family do if they need to spend more than they earn? Kidbrooke has released a new report on accident insurance: would my savings suffice?.

TomoCredit, a US startup creating a credit card to help first-time borrowers build credit history, has secured $22m from a Series B financing raise.