Saturday, December 3, 2022

LendUp raises $47.5m to expand credit card offering

Online lending and credit startup LendUp has raised $47.5m in a Series C round led by Y Combinator’s Continuity growth fund.

Lancai scoops up $27m for personal investments

Personal investments firm Lancai has raised ¥180m ($27m) in a Series B round of funding from Chinese online video firm LeEco.

Bankin pockets €7m for personal finance app

French personal finance management app Bankin has raised €7m in a new round of venture funding. Omnes Capital led the investment. Read more: www.fintechroundup.com

Canadian robo-advisor Nest Wealth picks up $6m

Toronto-based automated wealth advisor Nest Wealth Asset Management has raised $6m from the National Bank of Canada. Read more: www.fintechroundup.com

Starling Bank joins Current Account Switch Service

Starling Bank, one of the new breed of mobile-only banks, has joined the Current Account Switch Service. Read more: www.finextra.com

FinTech startup to launch mass market robo-adviser

UK FinTech startup Munnypot has soft launched a robo-advice service designed to cater for the mass market at a fraction of the cost of traditional advice. Read more: www.professionaladviser.com

WealthNavi picks up $15m for robo-asset management

Tokyo-based asset management service WealthNavi has raised $15m in a Series B round of funding. The investment comes from SBI Holdings and other backers. Read more: www.fintechroundup.com

Atom Bank announces £83m from BBVA with more on the way

The round takes Atom’s total funding to £219m and values the Durham-based company at £261m and gives BBVA a 29.5% stake in the business. Read more: www.fintechroundup.com

OCBC Bank to pilot wealth management and AI solutions

MIS Asia offers Information Technology strategy insight for senior IT management - resources to understand and leverage information technology from a business leadership perspective. Read more: www.mis-asia.com

Morgan Stanley says Robo-Advisors are a major threat

Robo advisers aren't going away any time soon, and the wealth management industry needs to make some changes if it wants to beat them and a host of other threats it is facing. Read More: www.bloomberg.com

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