Acorns Targets Babies With New Custodial Account Capital raises $9M for its AI-based ‘capital as a service’ funding platform for...
The European Fintech Association (EFA) has launched with six founding members: Funding Circle, Raisin, Finleap, Transferwise, Moneyfarm and N26; these...
Uber has announced it will partner with Moneyfarm to provide financial advice services for its employees in the UK; Moneyfarm and Uber will offer the robo advice to approximately 40,000 UK drivers; speculators believe the UK market will see more robo advisory partnerships as the services have yet to gain significant market traction in comparison to other countries. Source
Marc Roberts is the general counsel for German fintech Raisin and the founding president of the European Fintech Association; while...
The European robo adviser has gained 10,000 customers and reported GBP260 million ($339.25 million) in assets under management; customers include Italian and UK consumers; source provides other data from the company's earnings results reporting a loss of GBP6.3 million ($8.22 million) from revenue of GBP167,628 ($218,721) for 2016; company says it is forecasting profitability by 2019; currently partnering with Allianz and another firm in Italy on two new servicing deals; also focused on launching a pension product this year. Source