Vietnamese fintech Finhay raises $25m in Series B round
Finhay says it will use the money to scale its business and recruit new talent.
Finhay says it will use the money to scale its business and recruit new talent.
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The Series B round will support the start-up’s plans to launch an ethical neobank.
As well as the layoffs the wealthtech will be “laser-focused” on core businesses investing, banking and crypto.
The acquisition is “set to revolutionise both the wealth and mortgage technology markets”, the firms say.
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The extension round is based on a post-money valuation uplift to €5 billion from €4.4 billion.
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WealthKernel will assist Alpher with its core investing infrastructure.
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The deal is expected to close in the second half of 2022 pending regulatory approvals.
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The appointment follows the company’s recent expansion into North America and APAC.
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Global investment manager Franklin Resources and fintech-focused investment firm Motive Partners participated.
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Founded in 2021, the start-up aims to help retail options traders save time and money.
The deal will see HCL expand its footprint in the global wealth management market.
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The partnership will enable Beewise users to connect their existing bank accounts securely to the new app.
Investables allows retail investors to purchase fractional shares in rare collectibles.
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The latest round takes Copper’s total capital raised to date to $42.3 million.
Mirabaud’s planned digital transformation programme will take several years to fully implement.
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Our weekly fintech round-up for you to get the latest funding news from around the world.
Ellevest saw investment from new women-led investors such as Halogen Ventures and Cleo Capital.
Objectway has implemented its Investment Advice solution at novobanco, one of the largest banks in Portugal.
Billed as “the world’s first retirement debit and credit card”, the service will cost from $5 a month.
The investment brings Moneybox’s total funding raised to date to £95 million.
Fintechs are in a unique position to build ESG criteria into the foundations of their businesses.