Robo Advisors

FinTech's irresistible rise has financial institutions scrambling over one another to take advantage of the sector – but a trio of major pitfalls are present to engulf unwary  investors, FinTech author Paolo Sironi explained in a research interview with FinTech Global

Digital financial advisor Betterment has received a $70m extension to its Series E, which closed on $100m last year.

Spain-based Finizens has received a €4m investment from undisclosed European investors.

Halal investing platform Wahed has raised $5m in funding from strategic investors. The New York-based startup aims to offer ethical robo-based, Shariah-compliant investing to Muslims.

Silicon Valley-based WealthTech business Prumentum Group has raised $25m in a Series A round. The funding comes from family offices, including the Fremont Group and the Cynosure Group.

Singapore-based robo-advisor StashAway has raised S$3m ($2.15m) to launch its regulatory approved service in the city.

Aviva has bought a majority stake in to robo-advisor solution provider Wealthify, for an undisclosed value.

Mortgage robo-adviser MortgageGym has reportedly picked up a £500,000 investment from former Deutsche Bank AG COO Henry Ritchotte.

Japanese online asset management platform Folio has picked up $16m in a Series A round of investment.

French robo-advisor company Yomoni has picked up $5.4m in a new round of funding from existing backer Crédit Mutuel Arkéa and Iéna Venture.