Fintech News | Fintech Zoom

Allianz leads C$100 million funding round for fintech Wealthsimple

German insurer and asset manager Allianz has led a C$100 million ($74.55 million) capital raise for Canadian financial technology company Wealthsimple. Wealthsimple, the online investing service and commission-free trading app which manages around...

Investec shuts robo-advice service due to ‘low appetite’

Investec has become the second asset manager in less than a year to close its online robo-advisory investment service after admitting appetite was too “low”, writing off more than £20m in operating losses and software costs. The London-listed group...

GROUNDFLOOR Double annual income over the year

GROUNDFLOOR, a contributing and loaning stage that enables anybody to put partially in land, is today declaring its Q1 results and force. In spite of the administration shutdown of the U.S. Securities and Exchange Commission for 35 days, GROUNDFLOOR...

Robo.cash attract €72 million of loans for Q1 2019

In the first quarter of 2019, the European P2P platform Robo.cash observed a growing number of new investors. Compared to the same period last year, it increased by 50%. As of the end of March 2019, the total number of investors on the platform...

Franklin Templeton invests in Brazilian-Israeli fintech Weel

Franklin Templeton has invested $30 million in Brazilian-Israeli fintech Weel as part of the U.S. asset manager’s strategy to increase its footprint in Brazil and the rest of Latin America, according a statement on Thursday. Weel, backed by venture...