WealthTech

UBS and Wealthfront have mutually agreed to terminate their merger deal and instead, UBS has purchased a $69.7m note convertible into the WealthTech’s shares.

UK FinTech giant Revolut has surpassed 20 million retail customers around the world and is processing over 250 million transactions each month.

Propel, a FinTech company designed to help low-income families in America to improve their financial health, has reportedly raised $50m.

Caju Benefícios, a flexible benefits management platform, has secured $25m from a Series B funding round.

No-code technology is quickly becoming a major trend in software development. As wealth managers continue to increase their exposure to digital services, will no-code technology be their go-to solution?

Pezesha, a Pan-African embedded finance firm, has raised a pre-series A investment of $11m.

VRGL, which offers wealth managers institutional-grade analytics and automated data extraction tools, has collected $15m for its Series A round.

Real estate investment platform Stake has raised $8m in its oversubscribed pre-Series A funding round.

WealthTech company Infront has entered into an agreement for the acquisition of Assetmax AG.

Teen-focused banking app Zywa, which is aimed at Gen Z in the Middle East and North Africa, has scored $3m in its seed funding round.