Subscribe to our newsletter to get succinct alerts for all WealthTech deal activity including funding, acquisitions, strategic partnerships, and product launches

Cache, a Canadian-based firm that allows investors to swap large equity positions for diversified portfolios, announced that it raised $12.5 million in a round lead by long-time investor First Round Capital with participation from existing investor Quiet Capital. Cache allows investors with a large stock concentration (and low cost basis) exchange their holding for a more diversified index tax-deferred. They currently offer the NASDAQ 100 and the S&P 500 but part of the proce

Last week, we looked at how and who in WealthTech is rushing to launch functionality around alternatives. Today, we took a step back to...

Objectway, a global end-to-end WealthTech platform based in Italy, has sold a majority stake to private equity firm Cinven. This is...

Uptiq, an AI-enabled lending platform for the wealth management channel with an emphasis in Securities Based Lending, announced that it has entered into a strategic partnership with Broadridge and is receiving a minority investment from them as well. We see this as a textbook incumbent-startup partnership. Broadridge gets what it wants: accelerated innovation and improved feature sets. Uptiq also gets what it wants, which is the same thing most startups want: money and a stro

GeoWealth, the Chicago-based Turnkey Asset Management Program provider, announced that it has received a $38 million investment from Apollo (with previous contributions from Blackrock, JP Morgan, and Kayne Anderson). But that is just the tip of the iceberg. GeoWealth is also partnering with Apollo to enhance its Public-Private alternatives offering, which we see as a fairly big deal. Apart from fielding new Public-Private offerings, other uses of proceeds include accelerating

At the start of the year, Larry Fink published his annual letter, “The Democratization of Investing.” In it, he didn’t just talk about...

Crunchbase is running an article this morning reporting on the upturn in startups buying other startups. It's not quite back to the heady...

Chicago-based private equity firm GTCR announced that it has acquired FMG Suite, the marketing automation platform for insurance and...

Lightyear, a pan-European self directed trading platform, announced that they raised $23 million in a Series B round. It was lead by newcomer NordicNija with Superangel and SpecialistVC. Also participating were existing investors Lightspeed , Metaplanet, and Skaala, amongst others. The announcement came with a few updates on the platform. One, they are now at $1b of assets on platform across 25 countries. They are also launching AI tools to help investors and traders, namely

Yieldstreet, a WealthTech out to democratize access to alternative asset classes, announced that they have raised $77mm to bolster their comprehensive alternative investment platform. They had announced last November that they were looking to raise $70-100mm, so they did hit their mark. There was good participation from the venture capital community, which is nice to see, even if most of them were returning investors. Tarsadia Investments lead the deal and Mayfair Equity Part