Robo Advisors

The Saudi Capital Market Authority has approved two robo-advisory services to being opperations in the country.

StashAway, a Singapore-based robo-advisor, has collected $12m in its Series B round to support

Personal finance management chatbot Plum has received $4.5m in new financing, on the back of a 433 per cent user growth over the past year.

Digital retirement platform Vestwell has raised $30m in its Series B funding round.

In a crowded robo-advisor marketplace, having different models or pricing is not a differentiator, it’s how you interact with customers that will aid success, according to SenaHill partner Kyle Zasky.

A pension dashboard would help robo advisors to improve the obstacle course of retirement planning, according to EValue chief development director Andrew Storey in a research interview with FinTech Global.

A lot of the current robo advisor offerings don’t actually give advice and instead provide consumers with guidance, according to Santander UK head of compliance Joel Viney in a research interview with FinTech Global.

Singapore-based robo-advisor StashAway has launched its services into Malaysia.

Sharia-compliant ethical investing platform Wahed Invest has raised $8m in funding, valuing the company at $100m.

ING Ventures has invested £5m into Funding Options, an online marketplace designed to help SMEs find the best financing options.