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Banking Consulting Financial Services South Asia Wealth Management

Nubank co-leads $45 million investment in Indian neobank Jupiter

– Jupiter, a neobank for consumers in India, raised $45m funding.
– The round was led by Nubank, Global Founders Capital, Sequoia Capital and Matrix Partners India.
Mirae Assets Venture also joined the round.
– The startup has built a number of products, including a savings account bundled with features that aim to simplify money management.
– The platform, which positions itself as a “100% digital bank,” also offers the ability to buy now and pay later on UPI, a standard developed by a coalition of banks in India that has become the most popular way people in the country transact online.
– In about a month, the startup plans to launch to the public.

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Employee Benefits Financial Services FinTech North America Retirement Wealth Management

Human Interest raises $200M at a $1B valuation, plans for an IPO

– SMB 401(k) provider Human Interest raised $200m in a round of funding.
– The round was led by Rise Fund and joined by SoftBank Vision Fund 2.
– The financing included participation from new investor Crosslink Capital and existing backers.
– The company has now raised a total of $336.7m since its 2015 inception.
– It plans to IPO in 2023.

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FinTech Freelance Health Insurance Insurance North America Personal Finance Retirement Wealth Management

Catch takes hold of $12M to provide benefits that aren’t tied to employers

– Catch, a health insurance and retirement savings company, raised $12m in Series A funding.
– The round was led by Crosslink and joined by earlier investors Khosla Ventures, NYCA Partners, Kindred Ventures and Urban Innovation Fund.
– The company plans to use the funding to increase its headcount to service those partnerships and go after more.

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Finance Financial Services FinTech North America Wealth Management

M1 Finance Raises $150M in Series E; Valued at $1.45 Billion

– M1 Finance is a finance app, which helps people manage and grow their money with control and automation.
– The company raised $150m in Series E funding round.
SoftBank’s Vision Fund 2 led the round, which valued the company at $1.45 Billion.
– The new investment will be used to expand products and features, platform innovation, enhanced customer service, and hire talent.

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Consulting Financial Services North America Wealth Management

Harness Wealth raises $15 million to democratize the power of family offices

– Harness closed on $15 million in Series A funding led by Jackson Square Ventures, a round that brings the company’s total funding to $19 million.
– Harness Wealth, a three-year-old, New York-based outfit that was founded by David Snider and Katie Prentke English to cater to individuals with increasingly complex financial pictures, including following liquidity events.
– The two understand as well as anyone how one’s vested interests can abruptly change — and how hard these can be to manage when working full-time.
– Startup currently employs 22 people and is not-yet profitable

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Analytics Financial Services FinTech North America SaaS Wealth Management

Addepar Raises $150M in Series F Funding

– Addepar is a technology platform for wealth management.
– The company raised $150m in Series F funding.
D1 Capital Partners made the investment at a pre-money valuation of $2b.
– The new investment will be used to further accelerate growth, accelerate expansion of the business and workforce into new geographies and driving continued development of its platform.

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Finance Financial Services FinTech North America Wealth Management

Yieldstreet Raises $100M in Series C Funding

– Yieldstreet, a NYC-based digital investing platform, raised $100m in Series C funding round.
– The round was led by Tarsadia Investments, joined by Kingfisher Investment, Top Tier Capital Partners and Gaingels, as well as existing investors Edison Partners, Soros Fund Management, Greenspring Associates, Raine Ventures, Greycroft and Expansion Venture Capital.
– The new investment will be used to expand its user base, develop new investment products, explore international expansion, and pursue strategic acquisitions.

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Financial Services FinTech Information Technology Latin America Wealth Management

Warren Receives R$ 300 Million in New Funding and Continues to Revolutionize Brazil’s Financial Market

– Warren has consolidated its position among Brazil’s top financial institutions by announcing a R$ 300m Series C round.
– The round was led by Singapore’s sovereign wealth fund GIC, a long-term global investor with investments in large groups such as Nubank, Sankhya, VR Benefícios and Hotmart.
– This funding round, which, at twice as much as the two prior rounds, was a record for the company, also included participation from Ribbit Capital, Kaszek and Chromo Invest – investors since Series A – and from QED Investors, Meli Fund and Quartz – investors since Series B.
– The fundraise reinforces Warren’s place as a pioneer in disrupting Brazil’s financial market, offering a transparent model aligned with the client.

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FinTech North America Wealth Management Wellness

BrightPlan Raises $9.5M in Series A Funding

– BrightPlan from San Jose develops a financial wellness platform for employees that is real-time, personalized and integrated with employer benefits.
– The company closed a $9.5m Series A funding.
– The round was led by the Fremont Group and the Cynosure Group, with participation from Still Capital Partners and Hawk Partners.
– BrightPlan intends to use the funds for expansion and continued product innovation for the platform.

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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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Finance Financial Services FinTech North America Wealth Management

M1 Finance raises another rapid-fire round after scaling its AUM to more than $3.5B

– M1 Finance, a robo-advisor, raised $75m in Series D funding.
– The round was led by Coatue and joined by Left Lane Capital and Clocktower Technology Ventures.
– The company has reached $3.5 billion in AUM.

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Finance Financial Services FinTech North America Wealth Management

Boast.ai secures $100 million to help startups claim R&D tax credits

– Boast.ai, a company developing software that automates the process of claiming R&D tax credits, today announced that it secured a $100 million credit facility from Brevet Capital.
– The company plans to use the loan to further develop its platform as it looks to expand its startup customer base.
– Each year, the federal governments of the U.S. and Canada provide more than $15 billion in innovation incentives to private companies.
– In fact, it’s estimated that nearly a third of U.S. patents rely directly on U.S. government-funded research.
– But filling out the applications to receive this funding is often a cumbersome process — and yet another barrier for companies squeezed by the pandemic as venture capitalists pull back on early-stage investments.

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Employee Benefits Financial Services FinTech North America Retirement Wealth Management

Human Interest Receives $105M Series C

– Human Interest, a SMB 401(k) provider that makes it easy for small and medium-sized businesses to help their employees save for retirement, has completed a $105m Series C investment round.
– The round was led by Glynn Capital, an existing investor, with participation by new investor NewView Capital.
– The additional financing brings the round to $105M and Human Interest’s total funding to $136.7M.

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