WealthTech

Finfra, a platform for businesses seeking to launch white-labelled lending services in Indonesia, has disclosed a successful funding round.

Credit card and FinTech company Petal has revealed that it has closed a committed $200 million debt facility from Victory Park Capital.

FinTech Global, a specialist research firm, has released its WealthTech Market Map, which will serve as an informative guide for financial institutions, wealth and asset management and private banks looking to navigate the burgeoning sector.

Timeline, an end-to-end financial planning platform, has proudly announced its recent accomplishments in the finance industry.

Mogo Inc. has revealed a strategic partnership with Oracle Cloud Infrastructure (OCI) to accelerate innovation and bolster the long-term growth of its digital wealth platform.

The buzz around artificial intelligence (AI) is undeniable. For some, AI represents a bright future, while for others, it brings about caution and doubt. With the potential to revolutionise every facet of the insurance sector – from marketing and customer service to underwriting and claims management – AI holds immense promise.

Helix by HL, a generative AI assistant, has marked a new chapter in private market investing with a $6m seed+ investment.

Finshape, a vanguard in the FinTech solutions landscape, has proudly announced its strategic alliance with Arab National Bank (ANB), a seminal financial institution renowned for its innovative approach in Saudi Arabia.

As we delve deeper into 2024, the embedded finance phenomenon continues to reshape the financial services sector. A Capgemini survey from 2021 revealed that over 70% of banking executives view embedded finance as a catalyst for innovation, customer base expansion, and cost reduction, predicting its market value to soar to $588bn by 2030 from $22bn in 2020. This trend positions embedded finance as a key strategic channel for banks.

WealthTech's promising Q1 2024: Valuations soar as strategic buyers lead