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Powerup Money recently closed a $12 million funding round led by Peak XV Partners to scale its digital wealth management operations in India. The company focuses on providing a technology-driven investment experience for retail investors and the mass affluent segment. This capital injection marks a significant milestone as the firm seeks to broaden its reach in one of the world's fastest-growing financial markets. The platform leverages sophisticated algorithms and a user-cen

FINNY has secured 17 million USD in Series A funding to expand its machine learning platform designed to help registered investment advisors address the organic growth squeeze. The investment round was led by various investors to support the company in providing automated prospecting and marketing tools for the wealth management industry. By leveraging unstructured data, the platform identifies potential clients for advisors and automates multi-channel outreach campaigns to s

Wealthfront made its public debut today, raising $485 million and achieving a market valuation of $2.1 billion. The Palo Alto-based fintech, known for its automated investing portfolios, saw its stock trade relatively flat, closing up just 1% on its first day. The company now serves 1.3 million customers and manages approximately $90 billion in assets, solidifying its position as a major independent player in the digital wealth space following a shelved acquisition attempt by

401GO, a Utah-based fintech modernizing small-business retirement plans, has raised thirty-three million dollars in Series B funding. The round introduced Centana Growth Partners as a new investor, while Next Frontier Capital, Rally Ventures, and Impression Ventures returned after backing earlier rounds. The company plans to use the capital to expand embedded partnerships with human capital management providers, financial institutions, and financial advisors while continuing

The Beans has secured a $5.4 million seed round to accelerate the expansion of its financial operating system for frontline workers in healthcare, education, and nonprofit sectors. Investors in the round include Alloy Alchemist Fund, Commerce Ventures, Impulsum Ventures, Precursor Ventures, Swing Ventures, Techstars, TruStage Ventures, Esther Dyson, Coyote Ventures, and Fabric VC. The company plans to use the capital to scale its reach among employers aiming to address financ

Range has raised a $60 million Series C round led by Scale Venture Partners, with participation from Gradient Ventures, Cathay Innovation, and several new investors including 53 Stations. The financing brings the company’s total capital raised to more than $100 million. As part of the round, Rocket Money CEO Haroon Mokhtarzada and Scale Venture Partners’ Alex Niehenke will join the company’s board of advisors, adding experience in consumer finance, product scaling, and ventur

Flex has raised $60 million in Series B financing led by Portage, bringing its total equity funding to $105 million as it accelerates its mission to build an AI-native private bank for mid-market business owners. The company positions itself as a unified financial platform that supports owners across personal and business needs, addressing the long-standing gap between small-business tools and enterprise-level financial infrastructure. Flex reported rapid growth over the past

First Rate Ventures has led the seed investment in bQuest, a Denver-based Care Intelligence Platform designed for financial advisors supporting clients through aging, end-of-life, and after-loss transitions. The partnership will embed bQuest’s AI Care Agents directly into advisor workflows, combining automated guidance with human concierge support. Marshall Smith, Managing Director at First Rate Ventures, said the platform addresses a widening advisory need: “The days of pick

Nevis formally launched its unified AI platform for wealth management and disclosed $35 million in Series A funding from Sequoia Capital, ICONIQ and Ribbit Capital, bringing total investment to $40 million in under a year. The company aims to remove administrative work that slows advisory firms, positioning its system as an engine for meeting preparation, client follow-ups, account openings and service tasks. Nevis reports that it already supports RIAs overseeing more than $5

Deutsche Börse, a global exchange company and operator of the largest stock exchange in continental Europe, has entered exclusive talks to acquire Allfunds, the largest European funds distributor, in a nonbinding proposal valued at about six billion dollars, roughly half cash/half stock. This represents almost a 32% premium to the closing price of Allfunds on Thursday and signals renewed intent after earlier considerations dating back to 2020. Allfunds’ board agreed to open f

Indosuez Wealth Management has acquired a 70 percent stake in Wealth Dynamix, a London-based fintech specializing in Client Lifecycle Management solutions for private banks, wealth management, and asset management firms. Founded in 2012, Wealth Dynamix develops technology that supports prospecting, onboarding, KYC review and a 360-degree view of client relationships. The deal deepens cooperation that began in 2019 among Indosuez, its outsourcing subsidiary Azqore, and the Wea

Groww’s public debut this week has marked a major moment for India’s fast-growing WealthTech sector. The parent company, Billionbrains Garage Ventures, listed at ₹112, which was about 12% above its issue price of ₹100. The stock continued to build momentum throughout the session and eventually closed nearly 29% higher at ₹128.85.     With a market capitalization now approaching ₹9 billion, this is the largest Indian fintech listing of 2025 and a clear sign of how strong inves

FNZ has raised US$650 million in new equity from its major institutional shareholders, giving the global wealth-management platform added financial strength as it continues to scale. With assets on platform now at US$2.1 trillion, five times higher than in 2020, the company said the additional capital will help it invest further in technology, product development and global delivery. The round also included participation from several of FNZ’s largest clients, a signal that ke

FE fundinfo has acquired Contengo, a UK technology provider specializing in performance reporting, wealth analytics, and data migration solutions for independent financial advisers. The acquisition will integrate Contengo's capabilities into FE fundinfo's Nexus platform as a new Command Deck module, designed to centralize client and business data for advisers. Contengo's data engine collects transaction and client information from adviser platforms and back office systems int

Edward Jones has expanded its partnership structure as part of a broader effort to modernize ownership and succession within the firm. The move adds new tiers of partnership that could open the door for more financial advisors to participate in equity-style incentives. According to a report by AdvisorHub , the St. Louis-based firm hinted that the changes may precede a potential capital raise, marking one of the first public acknowledgments that Edward Jones could seek outside

Westlake, Texas–based Charles Schwab , a leading wealth management and brokerage firm, announced plans to acquire Forge Global Holdings , a San Francisco–based private markets fintech platform, in a transaction valued at approximately $660 million. Forge operates one of the largest marketplaces for private company shares, facilitating over $17 billion in transactions, and provides investors with direct and indirect access to private market opportunities. Schwab said the acqui

Robinhood has launched a new mortgage offering for its Gold subscribers through an exclusive collaboration with Sage Home Loans, a digital-first mortgage lender. Eligible Robinhood Gold members can now access discounted mortgage rates up to 0.75% below the national average, along with a $500 closing credit for home purchases or refinances. The offer, available directly within the Robinhood app, builds on a summer pilot and reflects both firms’ focus on leveraging technology t

FundApps and SteelEye have announced their merger, creating a combined RegTech firm offering end-to-end compliance capabilities across the buy and sell sides. The transaction, backed by an additional equity investment from FundApps investor FTV Capital, aims to deliver a single solution that integrates surveillance, monitoring, reporting, and analytics into one comprehensive compliance platform. The merger brings together FundApps’ regulatory reporting expertise and SteelEye’

Morgan Stanley has announced an agreement to acquire EquityZen, a leading marketplace for pre-IPO investments. The move strengthens the firm’s leadership in private markets and builds on its ecosystem of services for private companies and shareholders. By integrating EquityZen’s issuer-aligned trading model with Morgan Stanley’s cap table and liquidity solutions, the firm aims to deepen its relationships with private companies while providing wealth clients and workplace part

While this report comes a few weeks after the October 15 transaction, the deal’s implications for the WealthTech landscape remain significant and worth a closer look. S&P Global has agreed to acquire With Intelligence, a leading provider of data and intelligence on the global asset management industry, from Motive Partners for approximately $1.8 billion in cash. The acquisition, expected to close in the first half of 2025 subject to regulatory approvals, strengthens S&P Globa