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WealthTech Weekly: August 10, 2022

Welcome to the news highlights of this week. Why on Wednesday, not Friday? To let you be the first to know how much the global wealth management software market might reach by 2030. But names first.

What’s going on: Appital takes a funding bite of £1.7m, Scripbox buys Wealth Managers (hopefully, not all who populate this planet), Dezerv bites more funding than Appital, MeDirect goes pan-European, Serrala picks new exec, KeyBank adds BlueSnap to its eco-system, and South Africa gets its first passive micro-investing app. Let’s add some detail.


Big names, new names

Frontline Ventures and a choir of angel investors have granted £1.7m to Appital as it prepares to present an allegedly first-of-its-kind algorithmic bookbuilding platform. 

Read more here.

 

Scripbox bought wealth management startup Wealth Managers after scooping $21 million in Series D.

Read more here.

 

Indian Wealthtech Dezerv has $21m in its net after a Series A round led by Accel Partners. Now the platform has reached a $100 million valuation. Can I say it's well-Dezerved?

Read more here.

 

MeDirect bank has reached its long-term goals, one of which was becoming a pan-European leader.

Read more here.

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Meet the Team

Serrala has new CEO, and it’s Hartmut Wagner, who said “goodbye” to a supplier of credit management and collections software Collenda.

Read more here.

 

BlueSnap now gets KeyBank’s distribution channel to enable e-commerce payments for its US clients.

Read more here.

 

upnup has made its debut by introducing “auto-pilot” micro-investment in South Africa. 

Read more here.

Big numbers

So, that’s where the spotlight goes. According to Growth Market Reports, the global wealth management software market might climb to as high as $11.99 billion by 2030. Wait till you hit the link below and see the CAGR.

Read more here.

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Svietoslava Myloradovych avatar
Svietoslava Myloradovych
Content fairy. Verbing around the brightest moments in Fintech for INSART.
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