Tagged: robo advisor

Robo-Advisor Blooom Now Has $1 Billion in Assets Under Management

Robo-Advisor Blooom now manages over $1 billion of retirement accounts for their clients, according to the company blog. Blooom was started in 2013 to “help the traditionally un-helped”. The platform explains that “Wall Street has made a habit of running in the opposite direction of investors with… Read More

Robo-Advisor Betterment Adds Goldman & Blackrock Portfolio Strategies

Betterment, the largest independent online investment advisor, will now offer two new portfolio strategies: a smart beta portfolio strategy and an income portfolio strategy. Betterment has selected the portfolio strategies from BlackRock and Goldman Sachs Asset Management (GSAM) designed to meet users diverse needs and… Read More

Betterment Raises $70 Million in Funding

According to a regulatory filing with the Securities and Exchange Commission (SEC), leading Robo-advisor Betterment has raised $69,999,997 in equity. The first sale was said to take place on August 23, 2017. It appears this is part of a Series E funding round that was… Read More

Sallie Krawcheck’s Ellevest Lands $32 Million Equity Investment

Online investment advisor Ellevest has raised $32,458,913 million according to a Form D filed with the SEC. The document was signed and submitted last week indicating that $2,180,015 is remaining to be sold (if you are interested). To date, Ellevest has now raised $51 million in… Read More

NSR Invest Acquires LendingRobot, Combined Entity Poised to Dominate RIA Alternative Lending Investing

NSR Invest and LendingRobot, the most prominent platforms providing Registered Investment Advisor (RIA) services in the alternative lending space, have joined forces to create the leading platform in this sector. Lend Core LLC, the parent company of NSR Invest, has acquired Algorithmic, Inc. and all its… Read More

Robo-Advisor Betterment Expands Access to Licensed Financial Experts: Financial Advice Anytime, Anwhere

Betterment, an online financial advisor, has introduced a new messaging feature designed to give users the best of both worlds. The Robo-Advisor will now offer access to financial advice from experts via there App. So users may ask questions wherever and whenever they want. This… Read More

New Robo-Advisor Provides Access to Shariah Compliant Investments

New platform Wahed is said to be the world’s first automated investment service designed for Shariah-standard, ethical investing, The company reports it has raised $5 million in seed funding from individual and institutional investors including Khalid Al Jassim the Managing Partner of Afkar Holdings and… Read More

London-Based Robo-Advisor MortgageGym Closes £2M Seed Round

According to a company release, fintech startup MortgageGym secured £2 million in funding from its seed round. The company, which is licensed by the Financial Conduct Authority (FCA), plans to launch this summer and will connect customers seeking a home mortgage with brokers and banks. Customers can upload… Read More

Andreessen Horowitz Leads Funding Round in Robo-Advisor OpenInvest

OpenInvest has received $3.25 million in Seed funding led by high profile VC Andreessen Horowitz. The Fintech firm also received funding from Abstract Ventures, Wireframe Ventures and SV2. OpenInvest is described as “social impact investing platform” targeting retail investors. The Robo-advisor enables investors to align… Read More

Marvelstone Capital Launches Robo Advisors for Clients in Asia

Marvelstone Capital, a data-driven asset management company located in Singapore, announced last week that it would begin rolling out robo-advisors to its family office clients in Asia. The robo-advisors, co-developed with another Singapore-based fintech startup Smartfolios, will be available on desktop and mobile. Marvelstone Capital hopes the… Read More

LendingRobot Gives Investors a “One Stop Solution” for Alternative Lending Investing

LendingRobot Says Strong Demand Takes Robo-fund Beyond Individual Investors LendingRobot and its relatively new offering “LendingRobot Series“, has announced a product specifically for institutional investors labeled, “LendingRobot Professional”. The new Robo-fund for alternative lending was created “based on significant interest” from wealth managers and family… Read More

Asian B2B Robo-Advisor Bambu Updates on One Year Anniversary

Bambu, the Singapore-based Robo-Advisory platform, has provided an update on their one year anniversary. Bambu is a Fintech firm that provides a white label platform for investment managers to provide a robust array of online advisory services for desktops and mobile devices. During the first year… Read More

Peer to Peer Lending Said to be on “Right Path” as Wealth Managers Seek Quality Investments

Bond Mason: Over half of wealth managers would now recommend direct lending as an alternative to mainstream cash products. BondMason has published its Market Report 2017 reviewing the trends in the UK peer to peer lending market.  BondMason is a platform that provides investors a… Read More

Betterment gets Better with Three New Plans: Betterment Digital, Betterment Plus & Betterment Premium

Betterment, the largest independent Robo-investment advisor, has announced the release of new services expanding the company’s platform beyond a single digital product to a multi-plan advice offering. Betterment’s three plans are now Betterment Digital, Betterment Plus, and Betterment Premium. Betterment believes it can now meet… Read More

Nutmeg Raises More Money. Closes on Additional £12 Million after Last Months £30 Million Raise

Fintech firm Nutmeg is raising money fast. Last month (November), Nutmeg announced it had closed on £30 million Series C led by Convoy Global Holdings in Hong Kong. This week Nutmeg has revealed an additional cash injection of £12 million – this time Taipei Fubon Bank… Read More

China: WeiyangX Fintech Review

China Minsheng Financial Holding Corporation Limited (CMFH) Plans to Acquire a Fintech Company. On the 30th November, China Minsheng Financial Holding Corporation Limited (CMFH) announced its intent to acquire a Fintech company. CMFH believes that such an acquisition will improve its capacity in Fintech development,… Read More

LendingRobot Files to Form Pooled Investment Fund

LendingRobot, the robo-advisor geared towards marketplace lending assets, has filed a Form D 506c with the SEC indicating its intent to create a pooled investment fund. According to the filing, the minimum investment accepted will be $100,000.00 with no targeted max size of the fund…. Read More

Aki Ranin Joins Singapore Fintecher Bambu as COO: Capitalizing on Asian Wealth Market for Robo-Advisors

Singapore-Based Bambu announced that Aki Ranin will join Bambu as its Chief Operating Officer, brings more than 15 years of technology experience to his new role. He will report to Ned Phillips, Bambu’s Founder and CEO. “Through joining Bambu I will boost the team’s ability to… Read More

LendingRobot for Advisors Launches Connecting to Lending Club Platform

LendingRobot, the robo-advisor that connects retail investors to P2P loans, has launched a new product: LendingRobot for Advisors. This new service will help connect registered investment advisors to invest in Lending Club loans. The new application is in partnership with Millenium Trust the firm that… Read More

Robo-Advisor Bambu Receives $400,000 in Seed Funding

Singapore-based Robo-advisor Bambu has received USD $400,000 in seed funding. Tigerspike and angel investors from Singapore funded the round. The funding will be used to boost the Bambu team and to build out the product and expand into other regional markets. Bambu is an advisor that offers… Read More