Acorns Targets Babies With New Custodial Account Capital raises $9M for its AI-based ‘capital as a service’ funding platform for...
The European Fintech Association (EFA) has launched with six founding members: Funding Circle, Raisin, Finleap, Transferwise, Moneyfarm and N26; these...
The European robo adviser has gained 10,000 customers and reported GBP260 million ($339.25 million) in assets under management; customers include Italian and UK consumers; source provides other data from the company's earnings results reporting a loss of GBP6.3 million ($8.22 million) from revenue of GBP167,628 ($218,721) for 2016; company says it is forecasting profitability by 2019; currently partnering with Allianz and another firm in Italy on two new servicing deals; also focused on launching a pension product this year. Source
Marc Roberts is the general counsel for German fintech Raisin and the founding president of the European Fintech Association; while...
Uber has announced it will partner with Moneyfarm to provide financial advice services for its employees in the UK; Moneyfarm and Uber will offer the robo advice to approximately 40,000 UK drivers; speculators believe the UK market will see more robo advisory partnerships as the services have yet to gain significant market traction in comparison to other countries. Source