Fintech News | Fintech Zoom

83North Announces New $300 Million Fund Raising

83North, the international venture capital firm, today announced that it has completed an oversubscribed $300 million fund raising, bringing total capital under management to over $1.1 billion. Building upon the success of its existing funds...

KKR Joins Artivest Platform to Expand Advisor Access to Private Alternative Investment Solutions

KKR, a leading global investment firm, has joined the Artivest Open Network, a leading digital alternative investment platform for private alternatives, as a gateway for providing financial advisors and qualified high-net-worth investors access to a...

Quebec fintech company Hardbacon demonstrates why private companies should welcome lots of investors

Hardbacon ’s campaign closed last night raising over $680,884 of their $500,000 goal from 785 investors. Some private companies are fearful of multiple investors, creating a huge and unwieldy cap table. Through FrontFundr’s set up to help companies...

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...