Robo Advisors

Kasisto, which offers digital assistants, has raised $15.5m in its Series C extension round, which was led by Fidelity Information Services and Westpac Banking Corporation.

Ellevest, a financial company on a mission to help women build wealth, has raised $53m in Series B funding.

Like a wide range of other industries, the WealthTech sector has seen digitisation accelerate massively recently – with the pandemic only serving to speed up this trend.

Digital savings account Chip is looking to raise up to ?20m in the coming week through a crowdfunding campaign on Crowdcube.

Financial institutions are not as nimble as FinTechs, but that doesn’t mean they cannot offer their own digital services. The answer is integrating technology stacks designed by specialised companies, that enables the financial institution to easily implement a range of digital investing propositions.

Bambu, a developer of digital wealth management solutions, has acquired fellow technology developer , doubling its employee count to 130.

A study by Cynergy Bank has found up to 78% of SMEs want the digital transformation of banking to be balanced with a human constituent to offer a hybrid approach.

Flanks, a B2B WealthTech platform aimed at improving investor management capabilities, has reportedly scored €2.3m in a funding round.

CyberTech ventures, Deadpool-backed enterprises, and InsurTech startups are among the big winners of the 25 FinTech funding rounds reported last week.

Automated customer experience software developer Ada has netted $130m in its Series C round, which puts its valuation at $1.2bn.