FintechDaily Staff – Page 342

EFG Hermes Invests in Danish Fintech Kenzi Wealth with Minority Stake Acquisition

Middle Eastern investment bank EFG Hermes has acquired a minority stake in Danish fintech Kenzi Wealth, a company that utilizes AI-powered asset management technologies and...

Wealthtech Startup Vega Launches from Stealth Mode with $8 Million Funding Round

Vega, a UK wealthtech platform founded by a team of former executives from top hedge funds, private equity firms, and fintech scale-ups, has officially launched...

Luge Capital Secures $71 Million for Fintech Investment Fund

Luge Capital, a venture capital fund focused on fintech, has successfully raised an initial $71 million to invest in early-stage startups in Canada and the...

Bilt Rewards Soars with $150 Million Funding Round

Neighborhood loyalty platform Bilt Rewards has increased its valuation to $3.25 billion following a $150 million funding round. The investment was led by Teachers’ Venture...

Venmo, Zelle, and Cash App Expose Users to Fraud Risks

Manhattan's district attorney has urged the companies behind Venmo, Zelle, and Cash App to enhance their security measures due to a rise in fraud incidents....

Perenna Launches Waitlist for $52 Million Fundraise

UK mortgage lending startup Perenna has successfully raised $52 million shortly after obtaining an unrestricted banking license. Last year, Perenna secured a restricted banking license...

FE fundinfo Purchases German Fintech Company Dericon

FE fundinfo, a financial data platform serving the asset management sector, has acquired the German WealthTech firm Dericon. This marks FE fundinfo's seventh acquisition within...

Swedish Central Bank Reports Ransomware Attack on IT Firm to Authorities

Sweden's Riksbank has reported a ransomware attack on Tietoevry, a software firm, which has resulted in the shutdown of some of the central bank's IT...

Two Additional Wirecard Executives Involved in Expanding Financial Scandal

German prosecutors have charged two additional Wirecard executives with wrongdoing leading up to the collapse of the previously celebrated fintech company. Alexander von Knoop, the...

Pursuing Faster Settlement Times with DLT: Impact on Market Quality

Adopting distributed ledger technology (DLT) to achieve faster settlement times may negatively impact liquidity and raise transaction costs, according to research from the World Federation...