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Latest Results from /wealth

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Barclays leads £4 million total seed round in WealthOS

WealthOS, a cloud-native and API-driven core wealthtech startup, has topped up a £2 million seed round led by Barclays Bank with a further injection of capital from the UK lender and fintech investors.

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Sipps provider Intelligent Money goes into administration

UK wealth management firm Intelligent Money has entered administration after agreeing a deal to sell off its business and assets to fellow provider Quai.

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FE fundinfo acquires German fintech Dericon

FE fundinfo, a financial data platform for the asset management industry, has acquired German WealthTech Dericon.

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EFG Hermes acquires minority stake in Danish fintech Kenzi Wealth

Middle Eastern investment bank EFG Hermes has acquired a minority stake in Danish fintech Kenzi Wealth.

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Pensions dashboards programme delayed due to digital skills shortage

According to a recently released report from the National Audit Office (NAO), the UK government’s Pensions Dashboards Programme (PDP) has been delayed due to a lack of digitally skills and incapacity.

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Emirates NBD's Liv explores real-world asset tokenisation

Emirates NBD's digital offshoot Liv is working with B2B alternative asset solutions provider Ctrl Alt to explore the tokenisation of real-world assets.

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SVB Financial to sell VC business, SVB Capital

SVB Financial Group has announced that its venture capital business, SVB Capital, will be sold to an entity affiliated with Pinegrove Capital Partners.

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Q1 sees almost 500 fintech deals

There were nearly 500 fintech financing and M&A deals in the first quarter of 2024, with insurtech, crypto and blockchain proving hot areas, according to data from Royal Park Partners (RPP).

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Goldman Sachs offloads Marcus robo-advisor customers to Betterment

Goldman Sachs continues its retreat from consumer banking, striking a deal to sell its Marcus Invest digital investing accounts to Betterment.

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Retail investment app Midas raises $45 million

Istanbul-based retail investing startup Midas has raised $45 million to roll out crypto, mutual fund, and savings account products to its two million users.

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Hong Kong set to approve first crypto ETF

Hong Kong's financial regulator is poised to give the green light to the first batch of bitcoin spot ETFs.

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Insurers target crypto market

The global insurance industry is turning its attention to the risks posed by cryptocurrencies and digital assets, judging by recent product announcements.