South Korea-based Qara said to bag $3m in funding
South Korea-based Qara, which has built an AI-powered robo-advisor, has reportedly raised $3m in funding, as it looks to release a new global stock trading service for individuals.
South Africa-based FinChatBot raises £1.2m to support its international expansion
Conversational AI platform FinChatBot has received £1.2m, as it looks to expand internationally.
Solving the challenge of creating a customer-centric business model – Kidbrooke demo
A recent survey from PwC found that 61% of bankers believe customer-centric business models are very important, and yet only 17% of them are “very prepared” for it. Kidbrooke has released a new demo highlighting the problem in the market.
23 FinTech rounds raised in the last week
Last week proved a huge win for challenger banks and the Latin American FinTech sector. Check out these funding rounds to find out why.
SEC opens up private capital market for more people
The US Securities and Exchange Commission (SEC) has voted to amend its definition of accredited investors, meaning more people will soon be eligible to enter the private capital market.
BBVA and Spanish startup Multiverse team up for quantum technologies test
Spanish bank BBVA has run a proof-of-concept quantum technologies test together with Multiverse to see the innovative technology would boost investment portfolios' performance.
Brazil’s Magnetis said to raise $11m as it looks to become a full-service brokerage
Magnetis, which offers Brazilian investors a wealth management solution, has reportedly raised $11m in its new funding round as it looks to become a full-service brokerage.
Pickright Technologies said to raise RS 1 crore ($133,000) in funding
India-based Pickright Technologies has reportedly raised RS 1 crore ($133,000) in a round backed by unnamed angel investors from India, the UK and Singapore.
Robo-advisor StashAway bags $16m for its Series C
Singapore-based robo-advisor StashAway has collected SGD $22.3m ($16m) in its Series C round which was led by Square Peg.
Could the coronavirus mean a boost in tech adoption in the wealth management sector?
While many have predicted that artificial intelligence could change how financial services operate, Kidbrooke notes that the revolution has yet to manifest. Could Covid-19 change that?
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