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Latest Results from /wealth

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Freetrade sold to IG Group for underwhelming £160 million

Freetrade, the self-directed investment platform, has agreed to be acquired by London-listed IG Group for £160 million.

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Revolut plots push into private banking

Revolut is planning to move into the private banking market, expanding its service suite beyond the retail sector to cater for the needs of high net worth individuals.

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Clearwater to buy Enfusion for $1.5bn

Clearwater Analytics is building out its investment management platform through the $1.5 billion acquisition of SaaS outfit Enfusion.

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Swiss fintech startup nsave secures $18 million Series A

Swiss fintech startup nsave has raised $18 million in a Series A investment round led by TQ Ventures, with participation from Sequoia Capital, Y Combinator, ACE Ventures, and Proton Foundation.

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US WealthTech Orion hires Arun Anur as COO

US WealthTech Orion has appointed fintech veteran Arun Anur as chief operating officer.

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Finextra's year in review

With 2024 drawing to a close, we take a look back at our most popular news items and community engagement activities over the course of the past year.

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Embedded investment API Upvest raises €100 million

Investment API Upvest is set to double its 170-strong team after closing on a €100 million Series C funding round.

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Berlin-based WealthTech startup NAO raises €3.4 million

Berlin-based WealthTech startup NAO has raised €3.4 million in a seed funding round from various family offices, private investors and existing investors, including FinTech veteran Jakob Schreyer and VC Zeitgeist X Ventures.

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Finextra and the Euro Banking Association invite startups to join the EBAday Fintech Zone

EBAday 2025, the annual summit for the leading payments and transaction banking executives hosted by the Euro Banking Association (EBA) and Finextra, has opened applications for its Fintech Zone.

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MUFG to buy robo-advisor for $664m

Mitsubishi UFJ Financial Group (MUFG) says it will pay $664 million to take 100% ownership of robo-advisor WealthNavi.

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Italy's Banca Investis launches 'digital junior banker' with GenAI

Italy's Banca Investis has launched an app that provides banking customers with real-time investment advisory backed by generative AI.

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55% of UK investors are unwilling to use AI tools for investment support – Avaloq

Research from Avaloq, a banking and wealth management platform, indicates that UK wealth managers see AI as the future, but do not yet trust the technology.