Latest Wealth management News: Finextra Research

Goldman to hire 100 more technology staff in Singapore

Goldman Sachs is to hire 100 staff in Singapore, raising its headcount in the Southeast Asian financial hub to more than 1000.

04 March 2021

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2020 Fintech funding down on 2019 but on the way back up

Global investment in fintech fell significantly in 2020 as the Covid-19 pandemic hit but picked up significantly in the second half of the year, according to KPMG, which expects a strong 2021 for the sector.

26 February 2021

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Monument confirms £28 million fund raise

Monument, a digital banking startup for the well-heeled, has landed £28 million in new funding from existing backers and a trio of angel investors.

25 February 2021

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Apex Clearing to go public via Spac

Custody and clearing fintech Apex Clearing is set to go public via a Spac with blank-check company Northern Star Investment Corp II in a transaction valued at $4.7 billion.

23 February 2021

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Vested raises $3.6m to bring US stocks to Indian investors

Vested Finance, a Silicon Valley-based online investment platform that enables Indians to buy and sell US stocks, has raised $3.6 million in a seed funding round.

04 February 2021

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WealthArc raises $4m

Swiss wealth management fintech WealthArc is looking to strengthen its overseas growth after securing more than $4 million in funding.

03 February 2021

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InvestCloud accelerates past $1bn valuation

InvestCloud has completed a recapitalisation that values the wealth platform at $1 billion. As part of the deal, two additional businesses are being rolled into InvestCloud, immediately pushing the valuation of the combined business up over $2 billion.

02 February 2021

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Santander invests in startup connecting SMEs and consultants

Santander has invested €2 million in Connecting Visions, a Spanish startup that helps SMEs gain access to consulting services.

22 January 2021

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Goldman Sachs-backed WealthTech Elinvar secures €25 million funding round

Berlin-based WeathTech outfit Elinvar has secured €25 million in a funding round led by ToscaFund Asset Management.

21 January 2021

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Hybrid wealth platform Wealthpilot raises €8 million

Wealthpilot, a Munich-based provider of consumer financial data agregation software for the wealth management industry, has raised €8 million in fresh capital.

20 January 2021

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DriveWealth buys broker dealer to bring retail investing tech to Nyse floor

DriveWealth is set to bring its API-based brokerage technology for retail investors to the floor of the Nyse thanks to a deal to buy institutional broker dealer Cuttone and Company. Financial terms were not disclosed.

15 January 2021

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Pimco, Man Group and State Street join forces with tech vendors to build new AM operating model

Pimco, Man Group, IHS Markit, State Street, Microsoft and McKinsey have joined forces to create a new technology company for the asset management industry.

07 January 2021

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