Robo-advisor Betterment achieves unicorn status with $160m capital injection
The funding was drawn from a Series F round and $100m credit facility.
Betterment
Taking on the apps
How can big finance ready itself? Find out the five steps that can help.
Betterment faces regulatory scrutiny after new accounts launch
The savings account offers annual yields of 2.69%.
Wealthfront rakes in $75m
The financing was led by Tiger Global Management with participation from existing investors.
Give donations better with Betterment
Robo advisory platform Betterment says it is not only making it easier to give to charities, it is also giving consumers more reasons to do so, reports Julie Muhn at Finovate (Banking Technology’s sister company). Starting 28 November, on “Giving Tuesday”, Betterment investors will be able to donate shares of long-term investments from their taxable accounts directly to […]
New investment boosts Betterment valuation to $800m
Robo advisor Betterment is now that much closer to achieving unicorn status – courtesy of a $70 million investment from Sweden’s Kinnevik. The investment takes Betterment’s total capital to $275 million, and gives the robo advisor a valuation estimated at $800 million, reports Finovate (Banking Technology’s sister company). Praising the “strong partnership” between his firm and Kinnevik, Betterment CEO […]
The future of money: humans need to keep the robots in check
Udayan Goyal’s vision for the future of money revolves around seamless, instant micropayments being made continuously between autonomous apps and services all triggered by thoughts and actions of humans as they go about their daily lives.
