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Top 5 VC Deals of the Week in the Digital Wealth Sector (12/2/20)

You would think that with last week's Thanksgiving holiday here in the US, muted as it was due to the pandemic, we would have seen slowed down deal activity in the fintech sector. Turns out that assumption would be WRONG, and we still saw deal closings, believe it or not, with one that topped $300M(!!) and three more topped the $100M+ figure.
passport

Wealthtech & Advisory Firm deVere Group Reports High Interest Levels in Second Passports

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The CEO of international financial advisory deVere Group, Nigel Green, has recently issued a statement noting that anecdotally, the firm is experiencing unusually high numbers of clients requesting assistance with its citizen and residency service.
Press Release 4

InfoReach and QuantHouse partner to provide a global, multi-asset managed trading solution

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QuantHouse, the global provider of end-to-end systematic trading solutions including innovative market data services, algo trading platform and infrastructure products and part of Iress (IRE.ASX), today announced that InfoReach Inc.(InfoReach) has integrated QuantHouse's API to power their Trade Management System (TMS) with high performance, global market data across equities, options and futures.
Press Release 3

Cross-border B2C eCommerce Spend to Break the $1 Trillion Barrier in 2022, Catalysed by...

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According to Kaleido’s new report on B2C Cross-border eCommerce: Market Outlook 2021, regional growth of cross-border sales will outstrip domestic eCommerce growth in all regions.
Press Release 2

Kingswood Acquisition Corp. Announces Closing of $115 Million Initial Public Offering

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Kingswood Acquisition Corp. (NYSE: KWAC.U) (“KWAC” or the “Company”) announced today the closing of its initial public offering (“IPO”) of 11,500,000 units, including 1,500,000 units issued to the underwriters upon the full exercise of their over-allotment option, at a price to the public of $10.00 per unit. The units began trading on The New York Stock Exchange (the “NYSE”) under the symbol “KWAC.U” on November 20, 2020.

The Bitcoin Connection to the Georgia Senate Race

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For us poor unfortunate souls who have to watch this current political debacle unfold, you'll know that there are two US Senate seats up for grabs that could, conceivably, sway the entire political structure of the US, all happening down here in the Peach State, where yours truly currently resides.

WEALTHTECH INSIDER: One of the Three Pillars of Success – Achieve

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In previous Wealthtech Insider columns, I've defined three pillars of success between advisors and clients. Today, let's build the final pillar: Achieve...

Advisor Domain: Email Archiving: The Broker-Dealer’s First Line of Defense with Regulatory Penalties

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The ongoing coronavirus pandemic notwithstanding, FINRA continues to proceed at full speed when it comes to penalizing financial advisors for noncompliance with recordkeeping and supervision obligations. In particular, one recurring area where significant penalties can be imposed is with a financial advisor’s outside business activities (OBA).
Mom Computer

Purse Strings – An American Fintech For Women, By Women

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One of the many fintechs we've encountered are matching wealthechs - pairing up potential customers with financial advisors, and one of the more interesting in this genre is Purse Strings, founded in 2015 by Dr. Barb Provost out of the Chicago area and positioned to women.

Publisher Notes (11/25/20)

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We hope you have a fun Thanksgiving planned - whether for one or ten or more - with masks - or not with masks - whichever you prefer. No judgements here. Just giving thanks for this wild, crazy year that has been 2020 and all the wisdom it has brought us.