WealthTech

In a recent groundbreaking market research conducted in the UK by everyoneINVESTED, a significant revelation was made regarding investors' awareness of investment risks. The study, which delved deep into the intricacies of investment risk, found that individuals with prior investment experience, particularly those who had been profiled, demonstrated a heightened awareness and understanding of the risks associated with their investment choices.

Australian buy now, pay later (BNPL) firm Zip has continued its push for an expanded global presence with the purchase of South African BNPL Payflex.

Digital banking solution developer Q2 Holdings has formed a partnership with Acorns, a micro-investing platform.

Ascend Money has raised $150m in funding to become the first Thai unicorn at a $1.5bn valuation.

Branch International, a mobile banking platform for emerging markets, has netted a $70m Series B to expand into additional countries.

A recent report by FinTech Saudi has found how Saudi Arabia’s FinTech market has seen a 37% hike in new companies with investment exceeding SAR$1.3bn ($347m).

Malaysia-headquartered iPrice Group has reportedly secured an undisclosed investment led By Line Ventures.

European digital bank bunq will become the first European digital bank to start offering mortgages to its customers.

Retail investing wealth management platform Exo Investing has bagged a private investment from Benjamin and Ariane de Rothschild.

Moneyhub, the market leading Open Data and Payments platform, has called for greater data-sharing among financial firms as part of its response to the FCA’s Consumer Duty Proposals.