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Digital Financial Advisor Fintuity Announces $3 Million in Funding

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Fintuity, an FCA-regulated digital financial advisor, has announced $3 million in funding that has been raised from both individual and institutional investors during the past year, according to a post by the company. The funding will be utilized to further develop its tech stack and AI driven platform and virtual advisor. Fintuity claims to be the UK’s only “digital Independent Financial Adviser (IFA).” The funding is described as a major step forward in “tackling the UK’s growing advice gap.”

Currently in development, the Virtual Adviser is designed to match the exact client circumstances with bespoke financial products and a roadmap strategy to help optimize portfolio performance.

Ed Downpatrick, Fintuity’s Strategy Director, says:

“Given the current climate, we are delighted that this funding has been awarded  and would like to thank our investors – we see it as an integral part of our platform development to deliver the advice that is so sorely needed during this difficult time in and in the coming months will be used to further develop the Fintuity platform to deliver the right advice to our growing number of clients.”

In 2020, the Robo-advisor announced free financial advice to NHS workers.

Fintuity offers IFA certified investment advice on a range of financial items such as insurance, tax planning, pension, mortgages, and more.

Fintuity is on a mission to provide financial advice to the masses on a level that has historically been available only to the more affluent.

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Source: https://www.crowdfundinsider.com/2021/06/176720-digital-financial-advisor-fintuity-announces-3-million-in-funding/

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Radar Payments Now Offers Stand Alone Product for Tipping

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Radar Payments has launched a standalone service for tipping and gratuity, according to a release. Radar Payments is a payment processing provider supporting financial institutions, including payment service providers (PSPs), banks, acquirers, issuers, and Fintechs.

Banks may use the Tippay as a standalone app available in their business client outlets and to partners. The service is designed to allow banks to reach new customers while generating additional revenues by taking a small fee on every tip registered. Radar believes that as cash payments decline and digital payments rise the service can add value to the payments ecosystem.

Radar Payments adds that it has worked with financial institutions to “co-innovate” to create Tippay.

Workers can visit the bank’s Tippay page and register using their phone number while setting up their password. They can also add their card details if they are not a customer of the bank providing the Tippay service. Users can generate a personal QR code which they can share with people who wish to tip them.

Jane Loginova, CEO of Radar Payments, commented:

“This shift in payment behaviour is a positive development for businesses and financial institutions as it reduces cash handling cost. Simultaneously, it also offers a future of fairer wages for the worker, increased operational efficiency for the business, and a more seamless experience for the customer. Everybody wins – and nobody is shortchanged.”

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Source: https://www.crowdfundinsider.com/2021/09/180636-radar-payments-now-offers-stand-alone-product-for-tipping/

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Radar Payments Now Offers Stand Alone Product for Tipping

Published

on

Radar Payments has launched a standalone service for tipping and gratuity, according to a release. Radar Payments is a payment processing provider supporting financial institutions, including payment service providers (PSPs), banks, acquirers, issuers, and Fintechs.

Banks may use the Tippay as a standalone app available in their business client outlets and to partners. The service is designed to allow banks to reach new customers while generating additional revenues by taking a small fee on every tip registered. Radar believes that as cash payments decline and digital payments rise the service can add value to the payments ecosystem.

Radar Payments adds that it has worked with financial institutions to “co-innovate” to create Tippay.

Workers can visit the bank’s Tippay page and register using their phone number while setting up their password. They can also add their card details if they are not a customer of the bank providing the Tippay service. Users can generate a personal QR code which they can share with people who wish to tip them.

Jane Loginova, CEO of Radar Payments, commented:

“This shift in payment behaviour is a positive development for businesses and financial institutions as it reduces cash handling cost. Simultaneously, it also offers a future of fairer wages for the worker, increased operational efficiency for the business, and a more seamless experience for the customer. Everybody wins – and nobody is shortchanged.”

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.crowdfundinsider.com/2021/09/180636-radar-payments-now-offers-stand-alone-product-for-tipping/

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Insurtech bolttech Finalizes $210M Series A Round led by Activant Capital Group

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bolttech, one of the fastest-growing global Insurtech unicorns, reveals that it has completed an extension of its $180 million series A round that was led by Activant Capital Group, bringing the series total to $210 million.

As mentioned in a release, this is the largest ever Series A investment round for an Insurtech firm. The company confirmed that it has added new strategic investors, including Singapore-headquartered global investor EDBI and Alma Mundi Insurtech Fund, Spain.

As noted in the announcement:

“With a full suite of digital and data-driven capabilities, bolttech powers connections between insurers, distributors, and customers to make it easier and more efficient to buy and sell insurance and protection products. bolttech has built a global footprint that serves more than 7.7 million customers in 26 markets across 3 continents – North America, Asia, and Europe.”

The release also mentioned that the additional funding should assist bolttech with further enabling its partners and clients with robust technology and digital capabilities. Bringing on these new  investors should also help with strengthening its presence in Southeast Asia, Europe, and its other existing markets, “as the business accelerates its international growth strategy.”

Rob Schimek, bolttech’s Group CEO stated:

“We are thrilled to welcome such high calibre strategic investors. They bring an extensive network and deep expertise in their respective markets which will help propel our growth and support our innovation for our partners and customers around the world. Together with their partnership, we look forward to accelerating our international growth and realising our vision to connect more people around the world with ways to protect the things they value.”

Chu Swee Yeok, CEO and President of EDBI, remarked:

“With an extensive technology-enabled insurance exchange and distribution network, bolttech is poised to lead the digital transformation of Southeast Asia’s insurance sector. EDBI looks forward to partnering Rob and his team to strengthen their innovation hub in Singapore and support the growth of their businesses in the region.”

Javier Santiso, Mundi Ventures’ CEO and General Partner, said that they really value investment partners like bolttech that are willing to streamline and improve the insurance sector with innovative technologies and great products, and “particularly new, game-changing distribution models.” Javier also noted that they “look forward to working with Rob and his world-class team as they build-out their presence and partnerships here in Europe.”

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Source: https://www.crowdfundinsider.com/2021/09/180621-insurtech-bolttech-finalizes-210m-series-a-round-led-by-activant-capital-group/

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Social Trading and Digital Investment Platform eToro Appoints Michael Plasznik to Board of Directors

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eToro Group Ltd, a multi-asset investment platform that aims to empower individuals to grow their knowledge and wealth, reveals that it has appointed Michael Ptasznik to its Board of Directors.

As mentioned in a release, Michael will be joining the eToro Board at “the closing of eToro’s merger with Fintech Acquisition Tech V (Nasdaq: FTCV) which is anticipated in Q4 2021.” He will also become “a member of the eToro Board’s Audit and Risk Committee.”

Yoni Assia, Co-founder and CEO of eToro stated:

“We are thrilled to welcome Michael to the eToro Board. He brings with him a wealth of experience including in-depth knowledge of finance, regulation, corporate strategy, and risk management. Michael was part of the team that achieved accelerated growth for Nasdaq as a global technology leader, so it feels very fitting that he will join us as our merger closes and eToro joins the Nasdaq as a publicly traded company. Michael will provide us with invaluable guidance as we embark on the next chapter in eToro’s story and continue our own accelerated growth.”

As a Board Member, Michael will be sharing key insights and expertise from his “decades of experience.”

Recently, Michael had retired as CFO EVP of Nasdaq Inc. where he had been leading corporate strategy, M&A, finance, investor relations, risk management, corporate real estate and ESG. Before his role at Nasdaq, Michael worked as CFO for TMX Group Limited, where he offered financial leadership, including the firm’s successful IPO and various M&A deals.

Previously, Michael also worked in various financial roles at Procter & Gamble Canada Inc. He graduated with an honors BBA from Wilfrid Laurier University. He is a Chartered Professional Accountant (CPA, CMA) and earned his Chartered Director designation from McMasters University.

Michael has reportedly served on several boards, which includes the Canadian Depository for Securities Limited, Candeal, the Accounting Standards Oversight Council of Canada and the Board of Directors of the Children’s Aid Society of York Region.

Michael Ptasznik remarked:

“I’m delighted to be joining the eToro Board. I’ve had a front row seat to the evolution of the exchange industry and I now look forward to advising eToro as they embark on the next stage of their journey as a publicly listed company. I’ve been fortunate to work with incredibly talented, creative and dedicated individuals over the course of the last 30 years and I knew when I met Yoni and the eToro team that it would be a perfect fit. eToro has a hugely innovative and differentiated offering and I’m excited to be part of their expansion in the United States and beyond.”

eToro was launched back in 2007 with the mission of opening international markets so that everyone is able to easily trade and invest in a transparent manner. It has created an investment platform that is “built around social collaboration and investor education and created a community where users can connect, share, and learn.”

On eToro, users are able to look at other investors’ portfolios and stats, and interact with them to “exchange ideas, discuss strategies and benefit from shared knowledge.”

eToro serves as a bridge or connection between the traditional and modern worlds of investing. On eToro, clients are able to take positions in traditional assets like equities, currencies or commodities along with emerging digital assets like Bitcoin and Ethereum.

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Source: https://www.crowdfundinsider.com/2021/09/180619-social-trading-and-digital-investment-platform-etoro-appoints-michael-plasznik-to-board-of-directors/

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