WealthTech

Micro investing platform Wombat has launched a crowdfunding campaign ahead of its international expansion initiative.

Open data and payments platform Moneyhub has partnered with financial planning and banking app Pennyworth, to redesign digital banking for the aspiring-affluent customer.

Neon, a FinTech and digital bank driven by the vision of improving the lives of working Brazilians, has raised $80m.

Investment platform ALT has raised $200m in debt financing, which was led by Atalaya Capital Management.

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.

Spain-based financial group GVC Gaesco has signed a partnership with WealthTech giant FNZ to cement its digitisation initiative.

Over a quarter (28%) of self-employed workers in the UK struggle to access the financial services they require, according to research from open banking platform Tink.

India-based neo bank Niyo Solutions has reportedly received $30m in funding, just months after closing its Series C on $100m.

BankFi, an embedded banking solutions provider, has expanded into the North America market with the launch of BankFi Americas.

Digitalisation is rapidly transforming investment management and firms are making it a priority. Bricknode, a cloud financial services software developer, has released a new report titled ‘Digital transformation in investment management’. In the report, it covers how cloud and software-as-a-service (SaaS) models are helping investment management firms of all sizes transform their digital services.