Big names, new names
U.S. Wealthtech Bolt announced it called off a $1.5 billion acquisition with Wyre. The decision emerged amid the valuation drops in the Fintech market.
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FP Alpha, a provider of an AI-backed all-in-one financial planning software, revealed its truly heavyweight integration with PreciseFP. Now advisors can streamline their workflows by managing their client data on FP Alpha in seconds.
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FNZ, a wealth management company based in the U.K., gave the green light to its acquisition of DIAMOS AG. This investment management solutions provider will help FNZ reinforce its position and further expand in Europe.
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Italian Objectway, listed among the Top 100 global FinTech providers, has welcomed Hassan Suffyan as managing director for the UK and Ireland.
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Belgian automated investment solutions company InvestSuite has netted €6 million in Series A and got two new strategic investors.
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Centricity, an Indian Wealthtech startup, has received $4 million in funding to build a solution for advisors and would-be wealth management solopreneurs.
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Bigger picture
While the global Wealthtech market is growing, Singapore’s sector is speeding up to turn into a premier Wealthtech powerhouse in Asia-Pacific (APAC), according to KPMG and Endowus.
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