WealthTech

Auxmoney, a leading digital lending platform for consumer credit in Europe, has secured €500m in funding.

US FinTech GloriFi, which aims to empower its members to “put their money where their values are”, has entered into an agreement to become a publicly traded company through a merger with special purpose acquisition company (SPAC) DHC Acquisition Corp.

Tellimer, a global technology, information and data provider, has launched Scriber, a financial research and insights platform designed for independent analysts, traders, investors, subject matter experts and financial commentators.

Jakarta-based digital mortgage platform IDEAL has raised $3.8m in a pre-seed funding round.

Pogo, a New York-based financial health app empowering consumers to harness their data for their own benefit, has raised $14.8m in funding.

Financial adviser Wealth Wizards has continued its mission of improving financial wellbeing in the UK with the launch of its Master Trusts solution.

Bank Islam Malaysia Berhad has launched a fully cloud-native digital banking platform, Be U.

It is no secret that regulators around the world are becoming increasingly tougher on financial services companies. There is an unrelenting level of regulation being drafted and fines are hitting eyewatering sums. A report from Finbold pegged fines for non-compliance with AML, KYC and data privacy regulations at a total of €12bn in 2020.

Shares, which claims to be Europe’s first social and community-based investing app, has closed its Series B on $40m, just months after its UK launch.

 Nearly three-quarters (72%) of consumers are interested in a ‘super app’ that acts as a one-stop-shop for most of their needs, according to a report from PYMNTS and PayPal.