With the holiday season in full swing it seems fintech investors are spreading the cheer. From fare-predicting apps to e-commerce to real estate, fintech had a good week. Below are our top fintech funding rounds of the week: Hopper Montréal-based airfare predicting app Hopper just raised $62.2 million in aRead More
Post Tagged with: "Personal Capital"
Investors appear to be racing to disperse funds before 2016 comes to an end — and fintechs are benefiting. In the past week, alt-payment companies have led the pack with eight-figure fund raises from high profile investors. Also filling their piggy banks were security and wealth management startups. Rakuten’s startup fundRead More
Roboadvisors are hot in financial and wealth management at the moment, despite the fact that “roboadvisor” can essentially refer to any online service that generates automated investment advice. The current debate in fintech is over their use more than their classification; specifically, people are questioning whether they should be used at all,Read More
Wealth management has historically been a good source of revenue for banks, but it carried a significant cost, too. Smaller banks, with fewer resources, often cannot afford the employees that deliver the revenue. A new deal announced this week between wealth management firm Personal Capital and BancAlliance, a network of 200Read More
Six years ago roboadvising was the domain of just a few startups, but today the space is getting increasingly crowded. Betterment saw that coming since Day One (exactly six years ago), according to CEO Jon Stein. “But that’s a good thing for us, because every time one of these incumbentsRead More
JP Nicols, himself a veteran of the wealth management space, discusses innovation in wealth management on this week’s episode of Breaking Banks. He speaks to Jay Shah of Personal Capital, Derek Corcoran of Avoka, and Eric Matteson of Finovate.
Narrative Science, which transforms data into narratives, is largely focused on assisting humans in wealth management. But a new opportunity is arising in automated investing, also known as robo advising, in regards to which Narrative Science is currently engaged in several meaningful conversations. The robo advising world has been excitingRead More
Building a data-driven financial services company? You will probably end up calling Xignite at some point. The San Mateo-based startup offers on-demand financial data from the cloud to companies such as Yodlee, eToro, Personal Capital, Betterment, and Wealthfront. These are companies selling aggregation services — and doing so by wayRead More
APIs from Xignite, which provides back-end data integration much as Stripe provides payments integration, are powering, well, a lot of financial services ventures. Today, blogger Jim Bruene (@netbanker) tweeted that Xignite APIs are used by 40 startups that have previously presented at Finovate. Xignite lists a total of 55 companiesRead More
The money is still flowing into FInTech startups. Two veteran players, Personal Capital and Cardlytics, both scored big today with funding rounds of $50 million and $70 million, respectively.