#WealthTech / Fractional share trading platform Wombat raises £2 million

Founded in 2019, Wombat currently claims 62,000 users for its mobile-based trading platform, offering access to 31 popular stocks and 22 theme-based curated funds. Shares on offer include well known brands such as Apple, Tesla, Games Workshop, Ocado and Netflix. [Founder:]”A majority of people in the UK and Europe aren’t doing enough to save forContinue reading “#WealthTech / Fractional share trading platform Wombat raises £2 million”

#SustainbleFinance #FinancialInclusion / Varo Launches New Brand: “A Bank for All of Us”

As the first and only digital bank with a national charter, Varo is kicking off its powerful ‘A bank for all of us’ brand relaunch with a full-stack integrated national media investment Varo’s new brand campaign is anchored in the company’s purpose and ambition: financial opportunity and inclusion for all. The launch phase of theContinue reading “#SustainbleFinance #FinancialInclusion / Varo Launches New Brand: “A Bank for All of Us””

#CryptoCurrency / Gemini launches crypto-based savings product offering up to 7.4% yield

The cryptocurrency exchange Gemini… launched a savings product, dubbed Earn, that lets customers move their holdings in Bitcoin, or any of the 26 cryptocurrencies Gemini supports, into accounts yielding interest as high as 7.4%. Gemini said it can afford to pay relatively high rates… because it lends the cryptocurrency deposits to institutional borrowers through aContinue reading “#CryptoCurrency / Gemini launches crypto-based savings product offering up to 7.4% yield”

#CX / How banks can tailor retail advice to their customers

[Extracts from the article] … There is a tendency to believe retail financial planning advice must be feature-rich to be meaningful and achieve scale. In reality, the banks that are leaders on retail advice become successful before they finish rolling out all the features… Instead, they take a sequential and organized approach to rolling outContinue reading “#CX / How banks can tailor retail advice to their customers”

#LenTech / Tech Platform CURO Set to Acquire Canadian Point-of-Sale Prover Flexiti For $121 Million

… the acquisition of Flexiti further diversifies CURO’s revenue mix by product and geography and accesses the full spectrum of Canadian consumers by adding an established omnichannel private label credit card platform and POS financing capabilities. “Flexiti primarily serves prime consumers and the combination presents significant revenue and earnings growth opportunities by using CURO’s expertiseContinue reading “#LenTech / Tech Platform CURO Set to Acquire Canadian Point-of-Sale Prover Flexiti For $121 Million”

#CryptoCurrency / Swiss bank Seba issues Series B equity as security tokens

The move comes after Switzerland adopted a new distributed ledger technology law that recognises tokenised securities as an asset class that can have their legal ownership rights transferred via a blockchain. Finma-licenced Seba Bank had already indicated that it would tokenise its shares of the Series B fundraising when the law came into force. TheContinue reading “#CryptoCurrency / Swiss bank Seba issues Series B equity as security tokens”

#BankTech #WealthTech / Mobile bank MoneyLion in talks to go public via SPAC

MoneyLion, a mobile banking, lending and investment platform, is in talks to go public through a merger with Fusion Acquisition, a blank-check company, according to people with knowledge of the matter. New York-based MoneyLion, led by founder and Chief Executive Diwakar “Dee” Choubey, has more than 6 million members. Its features include RoarMoney, which givesContinue reading “#BankTech #WealthTech / Mobile bank MoneyLion in talks to go public via SPAC”

#WealthTech / Nigerian wealthtech Cowrywise raises $3m

The digital wealth management and financial planning solutions platform aims to digitise investment management for Africans and enable access to savings and investment products securely. Cowrywise was co-founded by Ahmed Razaq CEO and Edward Popoola chief technology officer (CTO). The pair came up with the idea to found the fintech in 2017, after noticing thatContinue reading “#WealthTech / Nigerian wealthtech Cowrywise raises $3m”