A fintech start-up that launched just 18 months ago has attracted $32m in funding from a group of new shareholders, the company has announced. Amongst the high profile investors are the venture capitalists Balderton, international asset management company Schroders, and Sir Charles Dunstone, Founder of Carphone Warehouse.
Nutmeg, an online investment management service, has raised $50m in capital to date. Having rapidly grown its customer base to 35,000 users, the latest round of funding will be used to grow its portfolio of products as well as improving the service itself.
“We believe our digital model epitomises the future of investment management,” said Nick Hungerford, Nutmeg’s Founder and CEO. “We’ve built an award-winning service from the ground up, one that delivers brilliant portfolio management at an incredibly low cost, in a way that is secure, transparent and above all convenient for the customer.”
On-Demand Treasury Management Solutions continue to gain increased adoption in the US and EMEA regions.
The US dollar and debt yields falling on the North Korea missile test, treasury being a top target for cyber criminals and why treasurers aren't into real-time payments all hit the latest headlines in the world of treasury this week. Don't miss our ten top news stories from around the world.
Chicago based Treasury Management System (TMS) vendor GTreasury and Sydney based risk and treasury management vendor Visual Risk have joined forces in a strategic alliance to ... read more
Deutsche Bank plans to partner with fintechs that have complementary business models, rather than buying out tech start-ups and competing in the market, bank executives said at press briefing this week. They also discussed future strategies for the technology, securities and payments spaces.