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Latest Results from /wealth

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Virgin Money acquires abrdn's stake in joint venture wealth platform

Virgin Money is to take full control of its digital wealth management platform, buying out joint investor abrdn for £20 million.

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Sibli raises $4.5m for AI-powered investment research

Sibli, a startup using AI to help asset managers in the investment research process, has raised $4.5 million in seed funding.

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Cred moves into wealth management with acquisition of Kuvera

Indian fintech giant Cred is to move into the wealth management market with the acquisition of mutual fund and stock investment platform Kuvera.

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WealthKernel secures £6 million Series A extension

WealthKernel, a provider of digital investment services and infrastructure, has secured an investment of £6 million in a Series A extension round led by ETFS Capital.

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Objectway buys Canada's Nest Wealth

Italian software and services provider to banks and asset and wealth managers Objectway is making moves into North America through the acquisition of Canadian firm Nest Wealth. Terms were not disclosed.

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InvestCloud installs former Fiserv chief Yakubi as CEO

WealthTech firm InvestCloud has appointed former Fiserv CEO Jeff Yakubi as CEO and chairman.

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Citi joins £25m Series A for UK fintech Zilo

UK-based asset and wealth management software vendor Zilo has raised £25 million in a Series A funding round joined by Citi.

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Finextra's year in review

With 2023 drawing to a close, we take a look back at our most popular news items, videos and community engagement activities over the course of the past year.

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Wealthtech Prosper hits £1 million crowdfund mark

Prosper, the UK wealthtech founded by Tandem and Nutmeg alumni, has raised £1 million from a crowdfunding campaign on Crowdcube.

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Scalable Capital closes on €60 million equity financing round

Digital wealth management platform and online broker Scalable Capital has sealed a €60 million equity financing round.

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Fintech valuations stabilising says VC fund chief

The fintech market is returning to some sense of normality in terms of valuations after a period in which it "largely lost its head", according to a leading investor.

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UK funds given green light for tokenisation

Investment funds authorised in the UK may now be able to progress their tokenisation strategies following the publication of the first report from a government-backed industry working group.