Plum nabs $500,000 for savings chatbot
Facebook Messenger-based chatbot Plum has raised $500,000 in a seed round of funding led by 500 Startup’s microfund. The round also saw local angel investors participate.
Octopus Labs announces first FinTech accelerator cohort
FinTech accelerator Octopus Labs has announced the first five startups that will join its first programme this summer.
Zero scoops up $2.5m for debit cards with credit card perks
Mobile banking startup Zero has raised $2.5m in a seed round of funding led by ENIAC Ventures. New Enterprise Associates, Nyca Partners, Lightbank and Middleland Capital also participated.
JP Morgan partners and takes stake in InvestCloud
The US’ largest bank by assets, JP Morgan is investing in Los Angeles FinTech company InvestCloud and partnering with it to deploy customised dashboards to investors.
Challenger bank OakNorth hits profitability in first year
Entrepreneur-focused challenger bank OakNorth is proving just how big an impact these digital-only alternatives could have on traditional banking by breaking even in its first year on the market.
Chinese credit card app grabs $310m at $1bn valuation
Credit card management app U51.com is the latest Chinese FinTech startups to land a $1bn-plus valuation as the company announces its $310m Series C round.
Spiking scores $750k for stock market advice
Stock market tracking app Spiking has raised $750,000 in a seed round of funding from a group of individual investors.
Curve adds £2m to fight FinTech fragmentation
UK startup Curve is adding another £2m ($2.6m) to its seed round to bring its total funding to £3.5m. The fresh capital comes from Connect ventures and new individual backers.
N26 taps into Siri for voice-activated transfers
N26 is making good us of Apple’s latest update to its iOS mobile operating system that gives developers access to its voice activates assistant Siri.
Almost 80% of financial advisors expect robo to disrupt industry
Automated and algorithm-based wealth management is making an increasing impact on traditional wealth management.
