Tag: Robo-advisor

How mid-sized banks are leveraging FinTech and open banking

Although financial participation continues to linger at around 10% among European banking clients, a stark contrast to the 89% of individuals acknowledging the importance of financial preparedness for their future, several emerging trends are inspiring optimism. These trends are pushing financial participation to new heights.

Market reactions to UBS acquisition of Wealthfront

UBS recently re-entered the robo-advisory market through its $1.4bn acquisition of wealth management provider Wealthfront. However, this is not its first foray in the robo-advisor space.

Study finds majority of SMEs want human-digital hybrid banking approach

A study by Cynergy Bank has found up to 78% of SMEs want the digital transformation of banking to be balanced with a human constituent to offer a hybrid approach.

Indonesian robo-advisor platform Bibit said to close $30m in funding

Indonesia-based robo-advisor platform Bibit has reportedly bagged $30m in funding, bringing its total equity raised to $45m.

Investment platform InvestSuite said to close €3m in its latest funding...

Automated investment platform InvestSuite has reportedly secured €3m investment round, coming just months after its former round.

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.

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.

Scalable Capital said to reach $460m valuation after new investment

Digital wealth management company Scalable Capital has reportedly raised $58m in a funding round, which values the WealthTech at $460m.

GoldenPi said to raise $459,785 in a seed round

GoldenPi, a robo-advisory platform, has reportedly raised around Rs 3.5 Crore ($459,785) in a funding round led by Rainmatter Capital.

Vietnam-based Finhay said to raised new round

Vietnam-based robo-advisor Finhay has reportedly closed a funding round to support the expansion of its market reach.

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