#WealthTech / Pynk raises $2m for retail investor wallet

Pynk uses AI to aggregate and harness the stock prediction and forecast data of “super-predictors” around the world to find ‘wisdom in crowds’. The retail investor wallet will launch later this year, allowing users to deposit money into Pynk and access a free managed portfolio. The firm uses gamification to help users understand investing, lettingContinue reading “#WealthTech / Pynk raises $2m for retail investor wallet”

#WealthTech / Fintech Jiko buys a bank

Jiko, a fintech startup offering an account where all customer deposits are turned into Treasury bills, has received the regulatory all-clear to buy a bank. Jiko… is led by former Goldman Sachs trader Stephane Lintner… Jiko is set to emerge from beta and launch its app-based account that immediately turns deposits into T-bills. When customersContinue reading “#WealthTech / Fintech Jiko buys a bank”

#WealthManagement / BBVA trials quantum computing to optimise investment portfolio management

BBVA began its quantum journey almost two years ago and now has a team specialised in quantum development, business units involved in the initiative, strategic alliances agreed, and various lines of research in place. The bank is working with different technology partners on a host of projects – including credit scoring, currency arbitrage and derivativesContinue reading “#WealthManagement / BBVA trials quantum computing to optimise investment portfolio management”

#WealthManagement / India’s Paytm To Offer App-Based Stock Trading

“Investing in stocks was never this easy”… The FinTech company said that adding stock trading to its platform will unlock “immense growth potential” … to start investing in stocks, users can “simply download the Paytm Money Stocks app today and become investment-ready quickly.” … This takes the company a step closer to becoming “India’s mostContinue reading “#WealthManagement / India’s Paytm To Offer App-Based Stock Trading”

#Investment / BondEvalue conducts first blockchain-based bond trade for the masses

Singapore-based fintech BondEvalue has conducted the first trades on its blockchain-based debt trading platform, providing retail investors with access to fractional ownership of bonds in smaller denominations of $1000. Investors using the platform can buy and sell ‘BondbloX’, which are $1,000 fractions of traditional wholesale bonds, via their bank or broker. The first trade wasContinue reading “#Investment / BondEvalue conducts first blockchain-based bond trade for the masses”

#WealthManagement / Grab launches micro-investment, third-party loan and BNPL offerings

It has launched its first micro-investment service, alongside a third-party loan platform and buy now, pay later (BNPL) products for ecommerce websites… Called ‘AutoInvest’, Grabs micro-investing offering allows its Singapore-based users to automatically invest with every transaction… The product launch follows Grab’s acquisition of robo-advisory firm Bento in February. Customers set the limits, which canContinue reading “#WealthManagement / Grab launches micro-investment, third-party loan and BNPL offerings”

#WealthManagement / Magnetis raises $11 million for its automated wealth management and brokerage service for Brazil

Magnetis, is an automated wealth management solution for Brazilian investors, has raised $11 million in a new round of funding as it transforms itself into a full-service brokerage… Investors in the round included Redpoint eventures and Vostok Emerging Finance… [CEO:] “We’re quite happy with this vote of confidence from our investors. It only reinforces theContinue reading “#WealthManagement / Magnetis raises $11 million for its automated wealth management and brokerage service for Brazil”

#WealthManagement / Voices of Wealth Raises €1.5M

Led by Fabienne Mailfait, Co-founder and CEO, Voices of Wealth operates We Wealth, a marketplace connecting private and affluent clients searching for protecting and optimizing their wealth with dedicated managers and advisors by leveraging profiling tech, specialized content and AI. Launched in 2018, the platform has over 300k users a month. http://www.finsmes.com/2020/07/voices-of-wealth-raises-e1-5m-in-second-funding-round.html

#WealthManagement / Digital wealth management firm StashAway raises $16 million

StashAway offers personalised investment and cash management portfolios for both retail and accredited investors. The company employs 85 people and has seen assets under management grow by 4.3X over the past year. [CEO:] “… This latest round will enable us to accelerate product development to both broaden and deepen our wealth management offering for ourContinue reading “#WealthManagement / Digital wealth management firm StashAway raises $16 million”

Scalable Capital raises €50 million

… digital wealth management platform Scalable Capital has raised €50 million in a Series D Financing round. The Scalable Capital platform is devised with self-directed investors in mind, creating and managing diversified ETF portfolios following an initial risk tolerance assessment. In June, the firm launched its own brokerage offering retail investors flat rate trading forContinue reading “Scalable Capital raises €50 million”