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Europe Financial Services FinTech Personal Finance Wealth Management

Stock trading app Freetrade raises $69 million

– Freetrade, a U.K. stockbroker, raised $69m in Series B funding.
– The round was led by Left Lane Capital and joined by L Catterton and Draper Esprit.
– The company has reached a post-money valuation of $366m following today’s funding round.
– After signing up, Freetrade lets you buy and sell shares from the company’s mobile app.
– If you want to invest in companies with expensive shares, such as Alphabet (Google’s parent company), you can buy fractional shares.
– Instead of spending over $2,000 for a single share, you can buy one-tenth of a share for one-tenth of the price.

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Europe Finance Financial Services FinTech Information Technology Personal Finance Social Network

The Robinhood competitor landscape intensifies as Invstr raises $20M

– Invstr, a financial education platform, raised $20m in Series A funding.
– The round was led by Ventura Capital and joined by Finberg, European angel investor Jari Ovaskainen, and Rick Haythornthwaite.
– The company plans to use the funding to expand its product offering.

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Consulting Financial Services North America Personal Finance Retirement

Edelman Financial Engines Announces Investment From Warburg Pincus LLC

– Edelman Financial Engines (“the Company” or “firm”), the nation’s top independent financial planning and investment management firm, along with lead investor Hellman & Friedman, a premier private equity firm focused on making large-scale equity investments in high-quality growth businesses, today announced a strategic investment from Warburg Pincus, a preeminent global private equity firm focused on growth investing, which will become a minority equity owner and Michael Martin, Managing Director, will join the Company’s Board of Directors.
– The investment values the Company at $7.3 billion and is expected to close in the second quarter 2021.

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Asia Finance Financial Services FinTech Lending Personal Finance

WeLab completes initial close of Series C-1 funding, led by Allianz X for US$75 million and announces strategic partnership

– WeLab completes initial close of Series C-1 funding, led by Allianz X for US$75 million and announces strategic partnership
– The pandemic has transformed people’s money habits across their financial journey. The boom in digital services adoption plays into WeLab’s strength in fintech services.
– WeLab has emerged stronger from the pandemic with multiple businesses achieving significant milestones in the past year.
– With this round of investment and new cooperation, WeLab aims to combine its advanced digital banking technology capabilities and market know-how with Allianz’s expertise in insurance and asset management, the two partners aim to holistically improve people’s financial wellbeing.
The broader strategic cooperation between WeLab and Allianz will continue to develop over time and encompasses two key areas:

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Financial Services FinTech North America Personal Finance

FutureFuel.io Raises $10 Million Series A1 Round From the Investment Arms of Established Financial Services Entities Led by UBS

– FutureFuel.io, a student loan repayment platform that helps borrowers pay down debt quickly and efficiently, today announced a $10m Series A1 round, bringing its total Series A funding to $21.6M.
– This latest round was led by UBS, the world’s leading global wealth management firm, with additional participation from the investing arms of established technology, financial services, and insurance leaders, including new investor Aflac Ventures, and existing investors Fiserv, and Salesforce Ventures. Fiserv, Salesforce, and UBS are also customers of FutureFuel.io, leveraging the platform to address student debt within their workplace, as an employee benefit. All previous FutureFuel.io investors also participated in this round of funding, including Rethink Impact, Vulcan Capital, Breton, SixThirty, and the Impact Engine.

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Banking Employee Benefits Employment Human Resources Mobile Payments Oceania Personal Finance SaaS Software

Australia-based Employment Hero raises $45M AUD for its global expansion

– Employment Hero, a human resources platform, raised $45m in Series D funding.
– The round was led by SEEK, with participation from OneVentures and AirTreeVentures, and new investor Salesforce Ventures.
– The company plans to use the funding to expand into new markets including Southeast Asia.

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Financial Exchanges Financial Services North America Personal Finance

EquityBee Scoops Up $20M Series A Round

– EquityBee, a startup employees’ stock options funding solution, announces its Series A financing round, raising $20M to accelerate growth.
– The round is led by Group 11 with participation from Oren Zeev Ventures, Battery Ventures, and ICON Continuity Fund.
– The round brings EquityBee’s total funding to more than $28M.

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Financial Services FinTech North America Personal Finance

EarnUp Raises $25M in Series B

– EarnUp, a payments platform that intelligently automates loan payments and identifies earning opportunities for the 200 million indebted Americans, has raised a $25M Series B fundraising round led by Bain Capital Ventures.
– Homeowners struggling to pay their monthly mortgage often damage their financial health by waiting too long to initiate a forbearance, modification, or workout solution with their lender or servicer.
– The company will use the funding to expand its GetAhead platform.

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