Tag: Robo-advisor

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.

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.

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.

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

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

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.

Singapore-based robo-advisor StashAway has collected SGD $22.3m ($16m) in its Series C round which was led by Square Peg.

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

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