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Robinhood Newsroom. (2026, May 27). Robinhood is Now Open to Agents. Robinhood Newsroom. https://robinhood.com/us/en/newsroom/robinhood-is-now-open-to-agents/ Robinhood has launched Agentic Trading and the Agentic Credit Card, allowing customers to connect third-party AI agents directly to the platform via Model Context Protocol (MCP) servers. The Agentic Trading feature allows users to establish a dedicated brokerage account separate from their main portfolio, ensuring the A

Bangalore-based wealth management platform Novelty Wealth has successfully raised $1.4 million in a seed funding round led by venture capital firm IndiaQuotient. The regulatory-licensed firm, which holds a SEBI-RIA license, operates on a zero-commission, fee-only model designed to provide transparent financial guidance. This capital injection occurs during a major structural shift in the Indian retail market toward digital and data-driven investment advice. The startup provid

Oxyzo Acquires GoldenPi to Expand Into Retail Fixed Income Market Gurugram-based fintech unicorn Oxyzo Financial Services, the lending arm of OfBusiness, has acquired a 100% stake in GoldenPi Technologies for approximately $4.4 million. The transaction was structured as a share-swap agreement, marking a major strategic expansion for Oxyzo. GoldenPi operates as a prominent digital bond distribution platform that specializes in providing retail investors with direct access to

Donachie, P. (2026, May 22). AI Creates Further Risk in the 'Wild West' of Finfluencers. WealthManagement.com. https://www.wealthmanagement.com/regulation-compliance/finra-warns-finfluencers-pose-growing-risk-to-investors The Financial Industry Regulatory Authority identifies financial influencers, or finfluencers, as a significant emerging threat to retail investor protection. Regulatory authorities are concerned that social media personalities often promote complex financia

WEALTHTECH SAFARI A Guided Tour of WealthTech News Week of May 22, 2026 SEC opens the door for mutual funds and ETFs to invest in private assets • The SEC Staff issued a transformative no-action letter on April 27, 2026, expanding exempt relief for private asset transactions—previously limited to closed-end funds—to now include open-end mutual funds and ETFs, reversing historical prohibitions under the Investment Company Act of 1940. • While open-end funds must st

Graber, S., Nowakowski, J. J., Edwards, A. L., & O'Brien, J. J. (2026, May 19). SEC Staff Permits Mutual Fund and ETF Joint Transactions. Morgan Lewis. https://www.morganlewis.com/pubs/2026/05/sec-staff-permits-mutual-fund-and-etf-joint-transactions The SEC Staff issued a transformative no-action letter on April 27, 2026, that expands exempt relief for closed-end fund private asset transactions to now include open-end mutual funds and ETFs. This regulatory relief reverses his

The Daily Upside. (2026, May 21). Envestnet, Orion partnerships add new advisor tools to competing TAMPs. The Daily Upside. https://www.thedailyupside.com/advisor/wealthtech/envestnet-orion-partnerships-add-new-advisor-tools-to-competing-tamps/ Established TAMPs are actively building interconnected technology ecosystems to provide financial planning professionals with better tools. Orion recently introduced an upgraded integration with Flourish that allows eligible client cas

New York-based financial technology company Moment announced it has raised $78 million in a Series C funding round. The round was led by Index Ventures, with additional participation from Andreessen Horowitz, Avra, and other existing investors. This latest capital injection comes less than 10 months after the company secured its $36 million Series B round, bringing its total funding to $134 million. Moment provides an AI-powered operating system designed specifically for inve

The private market fund operations platform bunch has secured $35 million in a Series B funding round to accelerate its commercial growth and expand its artificial intelligence capabilities across Europe. Portage led the investment round, which also included participation from Illuminate Financial along with existing investors Motive Partners, Cherry Ventures, and Fintech Collective. Founded in 2021, the company provides an integrated digital operating layer that replaces leg

Farther announced it has raised $150 million in a Series D funding round led by General Atlantic, with participation from existing investors. The new capital injection officially establishes the wealth management firm as a unicorn company. Founded in 2019, the New York-based financial technology firm has experienced rapid momentum, surpassing $23 billion in recruited assets and tripling its year-over-year growth since the first quarter of 2025. The company operates an all-in-