Tag: Europe

The WealthTech market continues to grow at a rapid rate. The wealth management platform market is expected to grow at a 13.8% CAGR to reach $9.18bn by 2028, according to research from Insight Partners. The value of the market in 2021 was $3.71bn.

Swedish buy now, pay later giant Klarna has suffered a colossal downround, with its valuation dropping by 85% to $6.7bn.

Bricknode, a SaaS financial services platform, has launched a new portfolio management software application aimed at small family offices and corporate investors.

The European Parliament has officially adopted the Digital Services Act and Digital Markets Act, the first comprehensive rulebook for online platforms to be introduced.

The Governing Council of the European Central Bank (ECB) will now account for climate change in its corporate bond purchases, collateral framework, disclosure requirements and risk management.

Open banking maturity is growing across Europe, with the UK leading the charge for the second consecutive year, research from Yapily claims.

Bill splitting app Steven has closed its crowdfunding campaign above its initial target of €600,000.

The European Securities and Markets Authority (ESMA) has published a letter to the European Commission around the findings of a call for evidence on ESG ratings.

France-based trading infrastructure developer Flowdesk has collected $30m in its funding round

Alviere, which offers embedded finance software, has received financing from Silicon Valley Bank to support its growth in Europe and Latin America.