UK fintechs Finexos and Wombat land funding
Finexos has raised £695,000 and Wombat has raised £4.2 million.
Finexos has raised £695,000 and Wombat has raised £4.2 million.
The deal includes the AlphaKeys Funds platform, which represents more than $7 billion in client assets.
The app will offer stock trading, investment management, an e-wallet, crypto trading and FX capabilities.
The solution will offer users an alternative to funding transactions through card payments or online banking.
Jar claims to have racked up 10 million users since its launch last year.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The firm will leverage Salt Edge’s Account Information API and data enrichment solutions.
Over the next three years, Aeon will pour the cash into SME loans arranged by Assetz Capital.
The firm brings together financial specialists with more than 200 years of collective experience.
Through Archax, abrdn aims to provide new investment opportunities to its customers.
Ulrich Körner replaces Thomas Gottstein, who is leaving Credit Suisse after 23 years.
Qapita is aiming to boost its presence in India.
The new funds will be used for product development and to fuel its global expansion plans.
Customers can pay with funds drawn directly from their portfolio using the UnitPlus debit card.
Goal-based financial planning features will be made available to Rabobank’s customers.
Atram’s new digital wealth management platform will utilise additiv’s orchestration engine, DFS.
The Series A will support the company’s expansion into 19 European markets.
Following the acquisition, SharingAlpha will be fully integrated into Tifin’s Magnifi platform.
Sheriff joins Coremont from State Street, where he held multiple global and regional leadership roles.
Moniflo says it aims to make investing “transparent, affordable, and for everyone”.
In this episode of the podcast, we’re joined by Jay Swanston, chief platform officer at Moneybox.
Lee joins from micro-investing app Acorns, where she served as CFO and COO.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The partnership will make it easier for retail investors to invest in European businesses, Seedrs says.
Neither party will be required to pay the other a termination fee, as the decision was mutual.
The company intends to expand throughout India and into the US and Middle East.
Together, SAS’ and Kamakura’s solutions “will prove far greater than the sum of its parts”.
Tiger’s core business is managing clients’ financial wealth across a range of products.
The new capital will be used to scale the company and further develop ESG Book’s technology capabilities.
The Series B round will support the start-up’s plans to launch an ethical neobank.
The extension round is based on a post-money valuation uplift to €5 billion from €4.4 billion.
In this episode of the podcast, we’re joined by Aaron Davis, director of product marketing at OneSpan.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
WealthKernel will assist Alpher with its core investing infrastructure.
The deal is expected to close in the second half of 2022 pending regulatory approvals.
Singapore’s ADDX has now raised approximately $120 million in funding to date.
The appointment follows the company’s recent expansion into North America and APAC.
The company’s mission is “to bridge the world of traditional finance, blockchain and decentralised finance”.
The Series A cash will go towards expanding Elwood’s product offerings and global operations.
Global investment manager Franklin Resources and fintech-focused investment firm Motive Partners participated.