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Investment advisory app WealthApp Financial Advisors has raised $440,000 in angel funding. The Bengaluru-based startup aims to help users take their first steps in investment. Read more: www.fintechroundup.com
Ginmon, a Frankfurt-based robo-advisor, has raised a new round of funding led by London VC Passion Capital. The size of the round is undisclosed.
Robo-advisor Ignition Wealth has raised Aus$1m ($762,000) in its first round of venture funding from financial planning expert Barry Lambert.
UK robo-advisers have come under attack in a scathing new report, which alleged their current business models were unsound and they could be breaking regulatory rules.
Read more: www.professionaladviser.com
Nearly half of North American bank customers are open to ditching human expertise for automated, computer-generated advice and services. Read more: www.finextra.com