Menu visibility control

Video

Events

Startup Surgery

Most Recent

Tech City Voices

AI and the legal sector: Opportunities, challenges and predictions

Need to Know

Q&A: Simon Freeman of Freestak on securing Angel investment, Brexit and overcoming ‘impostor syndrome’

News

Startup Weekly: New Milton Keynes tech accelerator, MassChallenge demo day & more

Press Releases

Chimni calls for the UK proptech community to work more closely with the housebuilding industry
Blockchain Conference: Blockchain Expo announces Berlin and North America dates
Neyber calls on government to cut excessive credit costs for UK employees

Nutmeg adds £12m to Series D, bringing total to £42m

nutmeg-hands-waving
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

UK FinTech firm Nutmeg has added a further £12m to its Series D round, bringing the total to £42m.

The £12m, which is pending regulators’ approval, is being invested by Taipei Fubon Bank, a subsidiary of Taiwan’s second largest financial services firm.

Nutmeg, an online wealth manager, announced a £30m raise last month in a round led by Convoy, Hong Kong’s largest listed independent financial advice firm.

FinTech Monthly: Nutmeg’s Series D, the rise of robo-advisors, FinTech trends for 2017 and more

The firm, which has now attracted a total of £71m over the past five years, said in a statement the funds will be used to “fuel Nutmeg’s innovation, expansion and to maintain its growth trajectory”.

Martin Stead, CEO of Nutmeg, said: “There is a very significant market opportunity before us, in the UK and beyond, and we are going to capture it. With these new funds, we will continue to invest in product innovations which disrupt the industry and deliver a better deal – and a better experience – for customers. And, we are going to expand into new categories and new territories.”

Magister Advisors supported Nutmeg as corporate advisor for this fundraise and international law firm Taylor Wessing was the legal advisor on the deal.

Enter your e-mail address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

legal robot

AI and the legal sector: Opportunities, challenges and predictions
posted 12 hours ago

Freestak

Q&A: Simon Freeman of Freestak on securing Angel investment, Brexit and overcoming ‘impostor syndrome’
posted 14 hours ago

Startup Weekly (3)

Startup Weekly: New Milton Keynes tech accelerator, MassChallenge demo day & more
posted 17 hours ago

TWIT Emily 19th Jan 2017

Gilo Industries gets $30m, Deliveroo creates 300 new London tech jobs & more in the Week in Tech
posted 20 hours ago

Tech talent

How your employees can play a role in attracting the best tech talent
posted on January 19, 2017

Antenna

Birmingham University spinout Smart Antenna Technologies secures £1m
posted on January 19, 2017