Securities Services

WealthTech startup InvestSuite raises €2 million

InvestSuite announces that it has raised a seed extension round led by PMV with participation from existing and new business angels, management and employees. This €2 million is bringing its total funding since its start in June 2018 to €6 million. Bart Vanhaeren, CEO and co-founder of InvestSuite states that, “This funding enables InvestSuite to expand its market reach and products, grow the team and bring unparalleled innovations to customers... more Read more »

Refinitiv makes strategic investment in ModuleQ and its intelligent app

Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, has invested in and entered a strategic partnership agreement with ModuleQ, a Microsoft partner for Office 365 and Microsoft Teams. ModuleQ’s intelligent app predicts users’ current priorities while working in Microsoft Teams to bring them timely and relevant content, news and analytics. Read more »

finleap invests in digital ID company "The Ego Company”

finleap, Europe's leading fintech ecosystem, welcomes a new company to its portfolio: The Ego Company, with the ID App and platform myEGO2GO, becomes part of the finleap family through investment. Read more »

Penta raises financing round at 18.5 Mio. Euro in first closing and wins new investors

Penta, the digital platform for business banking, raised 18.5 million Euro in the first closing of a new funding round backed by new and current investors.  Read more »

Goldbell Financial Services selects Mambu to power GEN investment platform

Goldbell Financial Services, one of Singapore’s leading business finance providers, has confirmed it will partner with Mambu, the market-leading pure SaaS banking platform, to power its private debt investment platform, the Goldbell Evolution Network, known as GEN. Read more »

ING invests in London-based provider of natural language processing (NLP) technology Eigen Technologies (‘Eigen’)

ING’s reputation for adopting cutting edge technologies was enhanced today with the announcement that it would make an investment in London-based provider of natural language processing (NLP) technology Eigen Technologies (‘Eigen’). “Eigen provides a strategic capability in use cases across both retail and wholesale banking.” - Benoît Legrand Read more »

Assetz Capital secures £15m British Business Investments funding to help boost UK housebuilding

Assetz Capital has become the first property-focused marketplace platform to receive funding from British Business Investments (BBI), a commercial subsidiary of the British Business Bank. The £15m commitment from British Business Investments will support in excess of £100m of new lending to smaller businesses and smaller housing developers, helping them grow as well as helping fuel the development of new homes across the UK. The funding will be... more Read more »

ING invests in blockchain-based securities lending platform

ING has invested in securities lending platform HQLAx, which went live in December 2019. Our blockchain team developed the initial version of the HQLAx application, which uses blockchain to facilitate efficient and high-speed trading of high quality liquid assets (HQLA). Mariana Gomez de la Villa, programme director Distributed Ledger Technology at ING Read more »

OTB Ventures joins Draper Venture Network

OTB Ventures (OTB), a leading venture capital fund specialised in investments in technology companies in Central and Eastern Europe (CEE), today joined the Draper Venture Network (DVN), a global alliance of 22 independent venture capital firms across 5 continents, with $1.6 billion in collective assets. DVN is an alliance of independent VC firms that connects leading entrepreneurs and investors around the world. The alliance will provide OTB’s... more Read more »

Klarna and Ant Financial Group announce investment to fuel global cooperation

Klarna, a leading global payments and shopping provider, is pleased to announce that Ant Financial Services Group, owner and operator of the world’s leading payments and lifestyle platform Alipay, has taken a minority stake in Klarna, as the two companies deepen their partnership to bring more innovative and convenient financial services to consumers worldwide. Read more »

Coronavirus crisis sees UK investor buy £1m of Swiss gold by smartphone

With gold prices jumping in February as the stock market tumbled amid the worsening coronavirus crisis, one UK investor used their smartphone to buy almost £1 million of gold in one trade, a new record for market-leader BullionVault's mobile apps. Total activity both online and by smartphone rose to its strongest since Donald Trump won the White House in November 2016, with the value of client bullion – stored and insured in each user's choice... more Read more »

TerraPay raises $9.6 million fund for company’s expansion

Comviva, the global leader in mobility solutions, has announced its divestment of stake in TerraPay, for an undisclosed amount to a consortium of global investors. Read more »

Assetz Capital reveals minimum ISA rate needed to beat inflation

ISA investors will need a minimum investment rate of return of 1.84% to beat inflation this ISA season, according to Assetz Capital’s indicative ISA calculator. The marketplace lender’s calculator projects how much tax investors can save when investing their ISA allowance, and whether their ISAs’ target returns are beating the current inflation rate of 1.8%. Read more »

Wells Fargo Makes Strategic Investment in DadeSystems

DadeSystems, a leading Fintech provider of integrated receivables solutions, announced today additional funding provided by Wells Fargo Strategic Capital as part of a Series D financing round. This new investment will support the growth of DadeSystems’ suite of technology solutions, collectively referred to as DadePay, which enable businesses to more efficiently accept and reconcile payments and remittances. DadePay is an Integrated Receivables... more Read more »

Investments in Singapore reach over 20% of the total on Robo.cash

Two months ago, investors of the P2P platform Robo.cash got an opportunity to invest in the offer of a Singaporean company of Robocash Group. During this time, they have funded 2.1 mln EUR of its loans, which is just over a fifth of the total investment volume on Robo.cash.     Read more »

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