WealthTech

UK FinTech giant Revolut has recorded its first full year of profitability, after it generated £100.3m adjusted EBITDA and £26.3m in profit for 2021.

Orphans in insurance can cause a multitude of compliance issues, and WealthTech company Kidbrooke believes wealth planning software is the way to fix the problem.

 With the current economic situation, if firms fail to offer their customers helpful financial simulation services they could lose customers now or in the next crisis. 

Varo Bank, the first all-digital, nationally chartered consumer digital bank in the US, has named Wook Chung as its chief product officer.

Sprout, a UK-based platform for underserved private investors to access a selection of venture capital funds, has raised $1m in pre-seed financing.

The financial literacy gap is still a major issue globally. While the market has seen the proliferation of FinTech companies looking to fix the problem, should schools be the place where children learn about investing or other financial services?

Dreamscape, a real estate development and investment firm, has completed an $850m capital raise backed by financial giant Wells Fargo.

ModernFi, a deposit marketplace that connects banks with deposits, has scored $4.5m in a seed funding round.  

Aiviq, a cloud-based SaaS business for the global asset management industry, will provide AllianceBernstein (AB) with client assets under management (AUM) and flow data management products and services, through a new deal.

NatWest has entered into an agreement to acquire a majority stake in Cushon, a workplace savings and pensions FinTech.