Sharing with you relevant and exciting utilization of a number of innovative technologies, be it disruptive or sustaining to the existing financial services industry.
Hello and welcome to your weekly digest about financial technology. If you’re returning from last week, thanks! If you’re new, it’s very nice to have you! Share the love and tell your fellow fintech enthusiast friends to sign up here.
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Splitit, a global payment platform that enables shoppers to pay installments via their credit cards – announced that it has raised $71.5 million through a private placement and share purchase plan (SPP).
Magnetis, an automated wealth management solution for Brazilian investors, has raised $11 million in a new round of funding as it transforms itself into a full-service brokerage for the nation’s investor class. Investors in the round included Redpoint eventures and Vostok Emerging Finance, the company said.
2020 has seen continuing success for established fintech startups but has been disastrous for many early-stage startups with lack of investment. There are hopeful signs on the horizon with customers demanding better automation and digital experiences from their banks, an advantage for fintech.
Alessandro Ravanetti- Freelance content writer and copywriter. Working in the fintech industry since 2011, I built and managed digital companies with distributed teams and international partners, gaining experience with both startups and large corporations. I am an independent expert with the European Commission, FundingBox and the Eureka Network, and an advisory board member of SXSW. email@example.com
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