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...