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Andreessen Horowitz Leads Funding Round in Robo-Advisor OpenInvest

OpenInvest has received $3.25 million in Seed funding led by high profile VC Andreessen Horowitz. The Fintech firm also received funding from Abstract Ventures, Wireframe Ventures and SV2. OpenInvest is described as “social impact investing platform” targeting retail investors. The Robo-advisor enables investors to align their investment goals with their values while engaging with companies to drive social change. (more…)

Financial Markets / Trading, Wealth management

May 17, 2017

167

Micro-investing app Acorns moves into PFM territory

By Acorns

Micro-investing app, Acorns, today launched ‘My Finances’, a new feature for Australian customers that helps them better understand and control their spending habits. (more…)

Fintech news, PFM/PFP services, Wealth management

May 4, 2017

348

The Case for Robo-Advisory and Digital Wealth

By FintechNews HK

An April 2017 Burnmark report rexplored the tie-up between digital wealth and robo-advisory within the FinTech industry. (more…)

Financial Markets / Trading, Global trends, Hotnews, Wealth management

May 1, 2017

309

Robinhood stock-trading app confirms $110M raise at $1.3B valuation

By Josh Constine for Techcrunch

Zero-fee stock-trading app Robinhood has joined the unicorn club. (more…)

Financial Markets / Trading, Global trends, Hotnews, InspirAsia, Wealth management

April 27, 2017

173

Robo Advisor Wealthfront Launches Line of Credit to Make Users More Liquid

By Julie Muhn for Finovate

Robo advisor pioneer Wealthfront must know that opposites attract: in this case, it’s saving and investing. Today, the company launched a securities-based lending option– a line of credit that allows its users borrow against their own savings accounts. (more…)

AI / Machine Learning / Big Data, Hotnews, p2p/online lending, Wealth management

April 20, 2017

154

Investoo buys comparison site100ForexBrokers

100ForexBrokers.com, launched in 2012, is one of the world’s biggest Forex broker comparison sites with 60,000+ unique visitors per month and 100s of real user reviews. (more…)

Deals, Financial Markets / Trading, Global trends, Wealth management

April 19, 2017

324

Robo-advisor startup StashAway gets in-principle approval from MAS to manage investment portfolios

By Yon Heong Tung for e27

It received an in-principle approval for its Capital Market Services License for Retail Fund Management from the Monetary Authority of Singapore

(more…)

AI / Machine Learning / Big Data, Deals, Financial Markets / Trading, Hotnews, InspirAsia, Wealth management

April 17, 2017

Standard Chartered launches digital wealth advisory tool

By Thomson Reuters,

Standard Chartered Private Banking has introduced ADVICE, a digital wealth advisory tool for its relationship managers (RMs) that integrates the Private Bank’s entire suite of house views and investment recommendations with Thomson Reuters’ real-time market information. (more…)

Banks, Financial Markets / Trading, Global trends, Hotnews, Wealth management

April 7, 2017

415

SwipeStox Lands $13 Million, Hints at Asia Expansion

By Julie Muhn (@julieschicktanz) for Finovate

SwipeStox, the Tinder for stock trading startup announced this week that its parent company The NAGA Group has landed $13 million in financing. This boosts the company’s total funding to $15 million. (more…)

Deals, Financial Markets / Trading, Wealth management

April 7, 2017

147

388

Robinhood stock trading app valued at $1.3 billion with big raise from DST

By Josh Constine for Techcrunch.com

Zero-fee stock trading app Robinhood is completing a huge fund raise to fuel its attack on old brokerage firms that charge around $7 to $10 per trade. According to sources, the round is led by Yuri Milner investment vehicle DST Global and values the company at $1.3 billion. Robinhood declined to comment. (more…)

Analytics, Deals, Financial Markets / Trading, Wealth management

April 1, 2017

Asia’s first family office robo adviser platform due for launch

By Jamie Lee for BT

MARVELSTONE Capital, an asset management company, on Thursday said it will launch the first licensed robo adviser platform for family offices in Asia in the third quarter of this year. (more…)

Wealth management

March 30, 2017

130

Despite the fintech boom, robo advisors in Japan have yet to make their mark on the industry

By Alexander Thomsen for e27.com

Robo-advisors in Japan are facing difficulties in winning clients and are increasingly looking for new ways to increase their managed assets (more…)

Financial Markets / Trading, Wealth management

March 30, 2017

200

Ayondo to list in Singapore at a valuation of $158 million

ayondo is a FinTech company within social trading with CFD and Spread Betting as a part of its offering. (more…)

Deals, Financial Markets / Trading, Global trends, Wealth management

March 23, 2017

419

Robo-advisor ‘Chloe’ launches in Japan

By Finextra

Hong Kong-based social trading startup 8 Securities has launched a mobile-only robo-adisory service targeting the millennial generation that constructs portfolios with exchange traded funds (ETFs) listed on the Tokyo Stock Exchange (TSE). (more…)

AI / Machine Learning / Big Data, Financial Markets / Trading, Fintech news, Japan, Wealth management

February 18, 2017

687

31 FinTech Companies Transforming Institutional Investments and Trading

By Elena Mesropyan for LTP

Institutional investors control a significant amount of financial assets around the world despite attempts from automated investments apps to open up the market to casual, consumer-investors. The rapid adoption of innovative technology by the startup ecosystem allowed an extensive expansion for online investment platforms, automated investment tools, robo-advisors, and various wealth management solutions. As a result, institutional investors have been empowered with tools to enhance portfolio performance, drive deeper insights from the market and portfolio data, and nowadays, are reliant on computer power for accurate forecasting and market monitoring.  (more…)

About, AI / Machine Learning / Big Data, Financial Markets / Trading, Fintech news, Wealth management

February 9, 2017

389

FinovateEurope 2017 Best of Show Winners Announced

By David Penn for Finovate

After two days of live demonstrations of some of the most novel innovations in fintech, our FinovateEurope audience has made its voice heard as to which technologies represent the Best of Show. (more…)

AI / Machine Learning / Big Data, Bots, Fintech news, PFM/PFP services, Wealth management

February 9, 2017

290

Rakuten, JAFCO co-invest in Japanese fintech startup FOLIO’s US$16M Series A

By Sainul Abudheen K for e27

FOLIO, a startup offering an online security brokerage service in Japan, has announced that it has raised 1.8 billion yen (approximately US$16 million) in Series A round from a slew of investors, including JAFCO, Monex Ventures, Mitsui Sumitomo Insurance Venture Capital, and Rakuten Fintech Fund. (more…)

Deals, Financial Markets / Trading, Fintech news, Japan, Wealth management

February 8, 2017

236

EToro launches funds marketplace

By Finextra

eToro, the world’s leading social trading investment network, has today launched CopyFundsTM for Partners, giving investment companies the ability to create bespoke funds on the popular eToro platform, home to five million retail investors across 140 countries. (more…)

Financial Markets / Trading, Fintech news, Wealth management

February 8, 2017

371

LendingRobot launches automated hedge fund secured by blockchain tech

By  for VentureBeat

Bots are taking over — we all know that — and one of the latest sectors to succumb to the trend is fintech. LendingRobot, a robo-advisor for peer-to-peer (P2P) lending, announced today the launch of LendingRobot Series, an automated hedge fund designed as an alternative to fixed income investments. (more…)

AI / Machine Learning / Big Data, Blockchain, Fintech news, p2p/online lending, Wealth management

January 26, 2017