Robo Advisors

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.
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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?

News Stories

FinTech investment soars to $2.03bn in powerful week for the sector

There was a grand total of $2.039bn raised across FinTech deals this week, with FinTech Global reporting on 27 key rounds. This funding haul...
Increase launches FDIC-member bank for FinTech builders

Increase launches FDIC-member bank for FinTech builders

Increase, a banking infrastructure and API provider used by FinTech companies including Gusto, Ramp and Stripe, has launched Increase Bank, an FDIC-member banking institution...

Ortec Finance: fixing the climate risk gap in portfolios

As climate risk climbs the agenda for pension funds, insurers and asset managers, investors are seeking to embed climate considerations across the entire investment...
KYCP moves to fix broken onboarding with COT 2.1.6

KYCP moves to fix broken onboarding with COT 2.1.6

Client onboarding remains one of the most friction-heavy stages in the compliance lifecycle, and abandoned or error-ridden applications carry a real cost for regulated...
WealthReach buys AdvisorRankings to boost AI search visibility

WealthReach buys AdvisorRankings to boost AI search visibility

WealthReach, an AI-powered organic growth platform serving registered investment advisors (RIAs) and wealth management firms, has acquired AdvisorRankings, an agency specialising in SEO and...

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