WealthTech

Last year was quite the rollercoaster. As 2023 kicks off, what will the biggest developments and trends will be? Here is a look at some of those.

InvestSky, a social investing platform for retail investors, has secured $3.4m in its pre-seed funding round, to support its mission of making investing more inclusive.

Kidbrooke, a financial analytics API developer, has partnered with HAYAH Insurance to provide the company with its financial simulation engine.

German neobank Ruuky has filed for insolvency, after it was unable to overcome market dynamics and raise additional funding.

Prograd, which is aimed at helping young people boost financial literacy, has reportedly collected $2.5m in its seed funding round.

US-based Greenlight Financial Technology, which aims to help parents boost financial literacy with their children, has launched a new interactive financial literacy game.

Banking-as-a-service (BaaS) and embedded finance have become two of the biggest buzzwords/solutions. However, there seems to be a confusion about how they differ from one another.

Fello, which claims to be India’s first game-based savings app, has reportedly raised $4m in a funding round led by US-based Courtside Ventures.

Talk of artificial intelligence was once an exciting prospect. The idea of bringing a hallmark of sci-fi fantasies into the real world sparked a lot of enthusiasm. While systems might not quite be on the same level as HAL from 2001: A Space Odyssey, the technology has brought a lot of changes to how businesses operate.

India-based neobanking platform Jupiter has reportedly snared INR 25 crore ($3m) in debt from Alteria Capital.