Robo Advisors

MortgageGym secures £3.8m in funding, valuing it at £12m

Mortgage robo-advisor MortgageGym has secured £3.8m in its latest round of funding, valuing the company at £12m.

Magnum Research bags Series A ++ funding round

Magnum Research’s robo-advisor platform AQUMON has closed its Series A ++ round of funding.

Asset management AI company Pagaya closes its Series B on $14m

Pagaya, an asset management support solution powered by machine learning, has closed its Series B round on $14m.

Exabel raises $4.7m to support its go-to-market efforts

Exabel, an AI-powered investment advice startup, has received $4.7m in its seed round which will support its go-to-market plan for 2019.

Central 1 launches Canada’s first voice banking service

Central 1 has launched Canada’s first authenticated voice banking service through the use of Amazon Alexa.

Miles Software forms strategic partnership with State Bank of Mauritius

Miles Software, a FinTech solution developer, has entered a strategic partnership with the State Bank of Mauritius (SBM) Group to launch MoneyWare across the bank.

DriveWealth, Bambu partner to offer wealth management robo-advisor

DriveWealth, a financial services API developer, has teamed with robo-advisor developer Bambu to provide an end-to-end robo-advisory platform to the wealth management industry.

OpenInvest has received $10.4m in its Series A funding

OpenInvest, a digital investment advisor for socially responsible investing, has received $10.4m in its Series A funding led by QED Investors.

France-based Fundvisory raises €1.8m from Aviva, Macif

Robo-advisory startup Fundvisory has raised €1.8m from Aviva France and Macif Group, to accelerate the development of digital savings in France.

Bambu collects $3m in Series A led by Franklin Templeton

B2B robo-advisor Bambu has raised $3m in its Series A funding round led by Franklin Templeton Investments.

News Stories

Strong week in the FinTech sector with $1.7bn raised

FinTech Global this week reported on 21 recorded deals in the FinTech sector, with a strong showing in the reinsurance space bringing the total value recorded over $1bn.

EU regulator suggests revamp in sustainable investment rules

The ESMA has recently recommended a significant overhaul of the Sustainable Finance Disclosure Regulation (SFDR) within the EU.
MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

MNT-Halan expands into Turkey with acquisition of Tam Finans

MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

EU banks and insurers lag in green compliance, PwC study finds

A recent PwC study has uncovered a striking deficiency in the alignment of financial institutions’ activities with the EU's taxonomy for sustainable activities. According...
India

India’s new climate finance taxonomy to propel green transition

India is poised to implement a climate finance taxonomy, as announced by the Minister of Finance, Nirmala Sitharaman, during the annual budget.

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