WealthTech

In a revealing interview, Hans Sterte, a prominent economist and Senior Partner at House of Reach, recently spoke to WealthTech company Kidbrooke.

Although financial participation continues to linger at around 10% among European banking clients, a stark contrast to the 89% of individuals acknowledging the importance of financial preparedness for their future, several emerging trends are inspiring optimism. These trends are pushing financial participation to new heights.

Social media giant Facebook is strengthening its push into the FinTech space by announcing the launch of Facebook Pay, a new way to shop, donate and transfer cash across Facebook, Messenger, Instagram and WhatsApp.

Plenty, a WealthTech platform designed to facilitate investment and financial planning for couples, has successfully raised $5m in seed funding.

ANNA, a business small business banking account, has closed a funding round on £17.5m.

Payment technology company SIA has signed a partnership agreement with WizKey, a FinTech offering advanced solutions for the credit market.

Flagstone, which offers a marketplace of cash deposit accounts, has reportedly raised $15m in funding to help it extend its footprint in the UK.

Teamworthy Ventures is out targeting up to $80m for its first fund since rebranding from Haystack Partners in the summer.

Ex-Monzo executives, Joss Tasker and Alex Fox, have marked the inception of their latest FinTech venture, Sync Savings. The dynamic duo is setting out to address challenges faced by the UK's cash savings sector, a market that has been in need of innovation for a considerable period.

A recent blogpost by Currencycloud has underlined how payment service providers (PSPs) and acquiring banks are best served to aid the growing cross-border e-commerce market.