Thursday, June 29, 2017

Smart Pension banks £15m to auto-enrol employees

Pension auto-enrolment solution Smart Pension has raised £15m in a Series B round as it looks to broaden its proposition to cater to larger firms. Read more:

Hala investing platform Wahed pockets $5m

Halal investing platform Wahed has raised $5m in funding from strategic investors. Read more:

Atom bank postpones current-account launch

Atom, the UK’s first app-based bank, has delayed plans to launch a current account until at least 2018. Read more:

Flywire picks up London-based PACE Invoice

International payment solutions provider Flywire has purchased multi-currency invoicing platform provider PACE Invoice. Read more:

Revolut adds pensions to platform through PensionBee

Banking app Revolut will begin to offer users pensions through a partnership with fellow London startup PensionBee. Read more:

ING’s rolling out its FinTech app Yolt across the UK

Dutch bank ING is making more waves in the UK market with the wider roll out of its smartphone app Yolt. Read more:

Evolute scores $6.15m for wealth management technology

Digital wealth management solution Evolute has secured a $6.15m Series A in its first round of external financing. Read more:

WealthTech business Prumentum takes $25m

Silicon Valley-based WealthTech business Prumentum Group has raised $25m in a Series A round. Read more:

How FinTech is beating CUs at their own game

Credit unions talk a big game about teaching members good financial behaviors, but fintech is eating the movement's lunch. Read more:

Tandem drops ‘Bank’ from its name

Tandem appears to be pivoting from its original mission to launch a new app-driven saving bank in the UK. Read more: