London Stock Exchange Group sells BETA+ in $1.1bn deal
BETA, Maxit and Digital Investor (collectively known as BETA+) have been sold to Clearlake Capital and Motive Partners.
Wealth Management
Irish fintech Global Shares sold to J.P. Morgan
Global Shares is 40% owned by Motive Partners, which bought the stake in 2018 for $25 million.
Marlette secures $225m Series E to grow Best Egg financial platform
The round was led by the Healthcare of Ontario Pension Plan (HOOPP).
US fintech Acorns lands $300m investment to boost growth
The funding comes after the fintech abandoned its planned IPO in January.
UK fintech funding round-up: Delio, Detected, Kolleno, Nosso, Strabo, & Yimba
A handy round-up of the recent funding endeavours of UK-based fintechs.
Social and investing app Shares closes $40m Series A funding round
UK-based Shares has launched its app to its 60,000 waitlist and the wider market.
Banking Tech Awards 2022 now open for nominations
The awards are open to banks, financial institutions, technology and service providers, teams and individuals.
Banking on spreadsheets
Banks and fintechs need to step up their game to serve customers better when it comes to money management.
What the FinTech? | S.3 Episode 1 | Talking open banking
To kick off season three, we’re joined by John Natalizia, co-founder and CEO of Snoop.
PrimaryBid lands $190m in SoftBank-led Series C investment round
The money will be used to expand across continental Europe and the US.
ICYMI fintech funding round-up: Actyv.ai, MoneyHash, Novus, SJ Mobile Labs, Trace Finance, & Zand
Our weekly fintech round-up for you to get the latest funding news.
Wealthtech FNZ secures $1.4bn investment
The company says the investment is one of the largest ever primary equity raises in the sector.
Lowering the ladder: how NY fintech Xrent plans to help millennials become homeowners
“We have seen a widening wealth gap trend without much sign of slowing down,” says Xrent.
UK fintech Selina Finance raises $150m in Series B funding round
The funding is made up of $35m in equity and $115m in debt to fund further expansion.
Temenos lands new wins in Slovakia and Iraq
Temenos has signed Tatra banka in Slovakia and ZainCash in Iraq.
Moneyfarm turns to investment giant M&G for £44.1m Series D funding round
Also, M&G use Moneyfarm’s technology to create its own branded proposition.
Banking Tech Awards 2021 Highly Commended: au Jibun Bank – Best UX/CX in Finance Initiative
The importance of supporting investors along their journey and how au Jibun Bank does that.
Black-owned wealthtech start-up Esusu hits $1bn valuation following $130m Series B
Esusu is now one of just a handful of Black-owned unicorn start-ups in the world.
Fintech funding deals globally 24 January – 30 January 2022
Featuring Fireblocks, FTX US, Creditas, Esusu and CoinTracker.
Video: fintech news pick of the week – UBS, Katana Labs and Walmart
Our top pick of news from the world of finance and tech in bitesize video format, every week.
Walmart-backed Hazel snaps up fintech platforms Even and One in super app push
Walmart CEO says the app will allow users to “manage their money in one place”.
UBS agrees $1.4bn deal to acquire wealth management platform Wealthfront
Millennial and Gen Z-focused Wealthfront caters to “the next generation of investors”.
Crypto IRA software platform iTrustCapital secures $125m in growth equity
The growth equity investment round values the company at more than $1.3bn.
White paper: Accelerate! Digital transformation in wealth management
A fresh insight into how financial institutions adopt new strategies, brought to you by Celent.
Change at the top for Credit Suisse as Horta-Osório resigns as chairman
Horta-Osório resigns after it was found he broke Swiss and UK Covid-19 isolation rules.
Fintech funding deals globally 10 January – 16 January 2022
Featuring Checkout, Qonto, CAIS, Qraft Technologies and SEBA Bank.
Indonesian fintech start-up Pluang raises $55m in Series B follow-up round
The company has now raised $110 million in total Series B funding.
Alternative investment platform CAIS hits unicorn status with $225m funding
CAIS describes itself as “the first truly open marketplace for alternative investments”.
Alternative retirement investment platform Alto raises $40m in Series B
The firm claims more than 15,000 IRA investors with a billion dollars of assets under custody.
Credit building start-up Petal raises $140m in Series D, faces lawsuit
Petal CEO says firm is hiring across the board for more than 100 positions this year.
Taipei Fubon Bank revamps private banking tech with Avaloq
The roll-out will start in Hong Kong and Singapore, followed by the onshore market of Taiwan.
Financial wellness and savings app Flamingo launches in Australia
Flamingo aims to help the 31% of Australians who reported being under financial stress.
2021: Top five fundraises
FinTech Futures takes a look back at some of the year’s most eye-catching funding rounds.
What the FinTech? Podcast | Season Two’s Jailed Buzzwords
We run down all the buzzwords our podcast guests wanted gone from the industry this year.
Embedded finance platform Ant Money raises $20m, acquires savings app Blast
Acquisition of Blast boosts the number of apps under the Ant Money umbrella.
Rocket Companies to acquire personal finance app Truebill for $1.275bn
Truebill claims 2.5 million members and has doubled its user base in the last year.
Brewin Dolphin goes live with Avaloq’s core banking system
One of the UK’s largest wealth managers has gone live with new SaaS-based core.
Digital wealth manager Wealthsimple exits UK
All eligible accounts will be transferred to Moneyfarm in January.
DIY investment platform Tillit launches
Tillit offers “a curated investment universe, exclusive content and a fee that is based on time rather than wealth”.
Wealthtech FNZ acquires client onboarding tech vendor Appway
Hanspeter Wolf, CEO and founder of Appway, will become FNZ’s CTO.
