Savings

vestwell

Vestwell lands $70m Series C round co-led by Wells Fargo

Series C takes Vestwell’s total funding to around $112m over four rounds.

Tesco Bank

Tesco Bank set to close all personal current accounts by November

Bank to close all 213,000 existing accounts as many show “limited activity”.

Cambridge Savings Bank launches new digital banking solution

Ivy Bank will act as a digital-only division of CSB.

M1 Finance

M1 Finance secures $150m in SoftBank-led funding round

The firm claims the investment now takes its total valuation to $1.45 billion.

syfe

Digital wealth manager Syfe lands $30m Series B funding

The financing comes nine months after its $18.6 million Series A round.

Lune launches UAE’s first personal finance management app

The company is aiming to improve financial literacy in the region.

bambu

Singapore start-up Bambu acquires investment and trading wealthtech Tradesocio

Bambu plans to tap into Tradesocio’s presence across EMEA and India.

ChangeFi CEO: “We have to be on the ground with our communities”

ChangeFi is looking to give “equal access to the American dream”.

Retirement platform Smart raises $165m in Series D funding

Chrysalis Investments led the round with a £75 million equity investment.

lower

Millennial home buying platform Lower lands $100m Series A led by Accel

The Ohio-based firm plans to use the funds to expand its product line and accelerate growth.

ICYMI funding round-up: Upflow, TRM Labs, Booste, Crediverso & more

A heaping helpful of funding rounds from this week to get your teeth into.

FamPay

Indian fintech start-up FamPay lands $38m in Series A round

The Bengaluru-based firm is aiming to build India’s first neobank for teenagers.

Nude

Fintech start-up Nude launches new finance app to help first-time buyers

The app features a number of tools to help aspiring homeowners save up for a deposit.

MyLife MyFinance goes live on cloud hosted Temenos technology

Australian bank deploys Transact in the cloud with SaaS package.

FTC shutters San Fran fintech Beam for not delivering on 7% interest rate

“Don’t lie about your customers’ ability to get their money when they need it.”

Does the key to financial inclusion sit in a digital money savings pot?

Fintechs should be looking to develop products that promote healthy and sustainable financial habits.

HSBC challenges fintechs with launch of SME banking app Kinetic

“We’re taking the toolkit approach of the challengers,” HSBC lead tells FinTech Futures.

US credit builder Petal closes $125m debt facility

Petal has closed $440 million in debt and raised $100 million in equity.

Vantik App Germant

Pension builder Vantik signs card partnership with Mastercard

German fintech to issue new debit card for users in 2021.

Aviva breaks into cash savings market with help of German fintech Raisin

Savings accounts via partner banks offer interest rates of up to 0.64% AER.

UK Black-owned challenger Atmen to launch in March

The start-up is now looking to raise £5 million from institutional investors.

Savings: the new battleground between challenger and incumbent banks

Reputation is taking a backseat when it comes to choosing where savers keep their money.

UK challenger Monument partners with Mambu, AWS & Accenture

“Monument concluded that no appropriate single solution existed”.

Rebooting savings during the COVID-19 crisis

How then should we think about structuring our savings plan for success?

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