FinecoBank

Synadia Raises $25 Million Series B Funding to Meet Massive Demand for Multi-cloud and Edge Computing Driven by AI

Retrieved on: 
Thursday, February 22, 2024

SAN MATEO, Calif., Feb. 22, 2024 /PRNewswire/ -- Synadia Communications, Inc., creators and maintainers of NATS.io (NATS), the open-source cloud and edge-native messaging system for high-performance data streaming, today announced it has closed a $25 million Series B financing round. Led by Forgepoint Capital, the investment round includes participation from existing investors and new investors Singtel Innov8, LDVP and 5G Open Innovation Lab. Forgepoint Managing Director Ernie Bio will join Synadia's board of directors.

Key Points: 
  • The round brings Synadia's total funding to $51 million raised to date and further validates the company's holistic approach to solving the increasingly complex and pervasive challenges of distributed computing, which is driving rapid growth in edge computing investments.
  • Founded in 2017 by CEO Derek Collison, the creator of NATS, Synadia entered the market to address the challenges of edge and multi-cloud computing.
  • Users can also easily extend Synadia Cloud to hybrid and multi-cloud environments to meet specific data privacy, sovereignty, or custom deployment requirements.
  • Synadia Platform - A fully supported version of NATS combined with enterprise-grade features - expertly managed by Synadia or customer self-hosted.

FinecoBank continues rapid UK growth

Retrieved on: 
Wednesday, November 10, 2021

LONDON, Nov. 10, 2021 /PRNewswire/ -- FinecoBank, one of Europe's leading fintech banks has continued to set the pace of revenue growth in Q3 2021 – following strong results reported in H1, exceeding last year's record-breaking growth.

Key Points: 
  • LONDON, Nov. 10, 2021 /PRNewswire/ --FinecoBank, one of Europe's leading fintech banks has continued to set the pace of revenue growth in Q3 2021 following strong results reported in H1, exceeding last year's record-breaking growth.
  • FinecoBank has a strong and safe capital position: CET1 (Tier 1 Capital) Ratio is 18.37%
    Paolo Di Grazia, vice general manager of FinecoBankcommented:
    "Financial needs are changing.
  • The first nine months of this year have confirmed that a one-stop approach to connect banking, investing and trading all in one platform is the future for UK customers.
  • Fineco continues to drive its UK customer offering and has further expanded its investing platform with the introduction of more than 20 asset managers and the launch of the Fineco ISA in April.

FinecoBank continues UK surge - record growth for H1 2021

Retrieved on: 
Tuesday, August 3, 2021

MILAN, Aug. 3, 2021 /PRNewswire/ -- FinecoBank, one of Europe's leading fintech banks has set a new record for revenue growth in H1 2021 – exceeding last year's record-breaking growth. 

Key Points: 
  • MILAN, Aug. 3, 2021 /PRNewswire/ -- FinecoBank, one of Europe's leading fintech banks has set a new record for revenue growth in H1 2021 exceeding last year's record-breaking growth.
  • FinecoBank has a strong and safe capital position: CET1 (Tier 1 Capital) Ratio is 18.59%.
  • FinecoBank entered the UK market three years ago with a unique offering combining brokerage, banking and investment services.
  • Paolo Di Grazia, vice general manager of FinecoBank commented: "An extraordinary operating context in 2020 has ledrecord growth, with today's results confirming a strong UK proposition beyond the pandemic.

Fineco adds International Asset Management to investing platform

Retrieved on: 
Tuesday, July 20, 2021

LONDON, July 20, 2021 /PRNewswire/ --FinecoBank announces funds from International Asset Management (IAM) are now available on its investing platform.

Key Points: 
  • LONDON, July 20, 2021 /PRNewswire/ --FinecoBank announces funds from International Asset Management (IAM) are now available on its investing platform.
  • IAM is one of the oldest independent asset management firms specialising in Hedge Funds and Alternative UCITS investments, with a proven track record of over 30 years.
  • This announcement follows on from earlier announcements that funds from AXA, BNY Mellon Investment Management, Invesco, Vontobel and Wellington joined the Fineco platform this year.
  • Mirko Butti, managing partner at International Asset Management (IAM): "We are thrilled to be part of this new and exciting venture.

Fineco welcomes AllianceBernstein to its investing platform

Retrieved on: 
Thursday, July 8, 2021

LONDON, July 8, 2021 /PRNewswire/ -- FinecoBank today announces that funds fromAllianceBernstein(AB) are now available on its investing platform.

Key Points: 
  • LONDON, July 8, 2021 /PRNewswire/ -- FinecoBank today announces that funds fromAllianceBernstein(AB) are now available on its investing platform.
  • This announcement follows on from earlier announcements that funds from AXA, BNY Mellon Investment Management, Invesco, Vontobel and Wellington joined the Fineco platform this year.
  • It's a pleasure to welcome AllianceBernstein, a company which shares our dedication to investment excellence, and our objective of ensuring the competitiveness of our platform is upheld."
  • Lee Matthews, Head of UK & Ireland Wholesale, AllianceBernstein, said: "Fineco has an outstanding reputation of service excellence, and providing a best-in-class investment platform.

Fineco adds Vontobel funds to its investing platform

Retrieved on: 
Monday, June 21, 2021

LONDON, June 21, 2021 /PRNewswire/ -- FinecoBank today announces that UK customers will have access to a range of funds offered by Vontobel.

Key Points: 
  • LONDON, June 21, 2021 /PRNewswire/ -- FinecoBank today announces that UK customers will have access to a range of funds offered by Vontobel.
  • Paolo Di Grazia, Deputy General Manager, Fineco:"We are determined to continue adding more internationally-recognised high quality fund managers to Fineco's investing platform.
  • Sheridan Bowers, Head of UK and Ireland, Vontobel Asset Management:"We are delighted to have partnered with Fineco.
  • We look forward to welcoming Fineco customers to our collection of award-winning funds and helping them achieve their long-term financial goals."

FinecoBank announces record breaking profits and UK growth

Retrieved on: 
Thursday, May 13, 2021

b'LONDON, May 13, 2021 /PRNewswire/ -- FinecoBank, one of Europe\'s leading fintech banks, reported record volumes from its UK client base this quarter.

Key Points: 
  • b'LONDON, May 13, 2021 /PRNewswire/ -- FinecoBank, one of Europe\'s leading fintech banks, reported record volumes from its UK client base this quarter.
  • Our accelerating growth shows that our one stop solution works, and more and more Britons are finding the effectiveness of our approach.
  • It offers a single account with banking, trading and investment services, on transactional and advisory platforms developed with proprietary technologies.
  • Since 2017, FinecoBank has also been in the UK with an offer focused on brokerage, banking and investment services.

FinecoBank introduces new ISA

Retrieved on: 
Tuesday, April 13, 2021

Customers can also access savings from your ISA at anytime, with no penalties for withdrawing.\nThe launch of Fineco\'s new ISA follows research which found that 60% of respondents have modified how they save in the last 12 months, with 53% planning to save more compared to last year.

Key Points: 
  • Customers can also access savings from your ISA at anytime, with no penalties for withdrawing.\nThe launch of Fineco\'s new ISA follows research which found that 60% of respondents have modified how they save in the last 12 months, with 53% planning to save more compared to last year.
  • The same number of those surveyed 53% said they were planning to maximize their ISA contribution.\nPaolo Di Grazia, deputy general manager and head of global business of Fineco: "In the last 12 months many savers have changed their approach to savings.
  • We are proud to offer our UK customers efficient and flexible ISA options at competitive rates.
  • "\nFineco has recently launched a new offer when opening a Fineco Stocks and Shares ISA or transferring an ISA between 3 March and 30 June, access Fineco\'s ISA investment platform with zero fees until the end of the 2021/2022 tax year (5 April 2022).\nFor more information about Fineco\'s ISA visit: https://finecobank.co.uk/public/investing/isa/\n'

Fineco adds Ninety One funds to investing platform

Retrieved on: 
Thursday, March 25, 2021

LONDON, March 25, 2021 /PRNewswire/ --FinecoBank announces today that funds from global investment manager, Ninety One are now available on its investing platform.

Key Points: 
  • LONDON, March 25, 2021 /PRNewswire/ --FinecoBank announces today that funds from global investment manager, Ninety One are now available on its investing platform.
  • Ninety One joins existing fund managers on the platform, including Carmignac, Robeco, JP Morgan Asset Management, Fidelity Investments, Aberdeen Standard Investments, M&G Investments, and Columbia Threadneedle Investments.
  • Paolo Di Grazia, Deputy General Manager, Fineco:"We understand that high quality ESG integration and sustainable investing are becoming increasingly important to our customers.
  • The Ninety One funds now available on the FinecoBank platform are Ninety One UK Alpha; Ninety One Diversified Income; Ninety One UK Equity Income; Ninety One Global Environment and Ninety One Global Gold.

FinecoBank FY2020 results show that quality one-stop-solution works

Retrieved on: 
Thursday, February 11, 2021

Strong revenue increase at 776 million (+18% y/y) mainly supported by Brokerage ( 229 million, +73% y/y) and Investing ( 245 million, +7% y/y).

Key Points: 
  • Strong revenue increase at 776 million (+18% y/y) mainly supported by Brokerage ( 229 million, +73% y/y) and Investing ( 245 million, +7% y/y).
  • FinecoBank has a strong and safe capital position: Cet1 (Tier 1 Capital) Ratio is 28.56%.
  • FinecoBank entered the UK market three years ago with a unique offering combining brokerage, banking and investment services.
  • Since 2017, FinecoBank has also been in the UK with an offer focused on brokerage, banking and investment services.