<div>
 
 Funding
 
 <ul>
 <li>
 
 
 <a href="https://sp-edge.com/companies/1403459">
 Vyzer
 </a>
 , a digital wealth management platform, has raised USD 6.3 million in seed funding from VCs, angel investors, and family offices, including iAngels, Guy Gamzu, MonetaVC, Jonathan Kolber, and Rafi Gidron. The company plans to use the funds to enhance its platform's AI capabilities, develop new features, and grow its market reach. (October 04, 2023; 
 <a href="https://www.prnewswire.com/news-releases/vyzer-secures-6-3-million-in-seed-funding-to-transform-wealth-management-with-ai-301946844.html">
 Company press release
 </a>
 )
 
 </li>
 <li>
 
 <a href="https://sp-edge.com/companies/314799">
 Stash
 </a>
 , a digital bank and retail investing platform, has raised USD 40 million in funding through convertible notes led by T. Rowe Price Investment Management, with participation from Goodwater Capital and Union Square Ventures, among others. The company intends to use the fresh funds to expand its range of services and to position itself for potential public offerings. (October 13, 2023; 
 <a href="https://coverager.com/stash-raises-40-million/">
 Coverager
 </a>
 , 
 <a href="https://techcrunch.com/2023/10/13/armed-with-40m-in-new-financing-fintech-stash-is-positioning-itself-for-the-public-markets/">
 TechCrunch
 </a>
 )
 
 </li>
 </ul>
 
 Product updates
 
 <ul>
 <li>
 
 <a href="https://sp-edge.com/companies/2672082">
 Frec
 </a>
 , a robo advisory platform, emerged from stealth with the launch of Frec Direct Indexing&ndash;its trading algorithm that allows users to track S&amp;P indices and invest with tax savings and customization features. The platform charges an annual fee of 0.10% on direct indexing or USD 100 in annual fees for portfolios with over USD 100,000 in assets under management. (October 03, 2023; 
 <a href="https://www.businesswire.com/news/home/20231003358651/en/Frec-Emerges-from-Stealth-with-26.4-Million-in-Funding-Led-by-Greylock-to-Launch-Its-Investment-Platform">
 Company press release
 </a>
 )
 
 </li>
 <li>
 
 <a href="https://sp-edge.com/companies/79132">
 Nutmeg
 </a>
 , a hybrid robo-advisor platform, has announced the launch of its thematic portfolios that allow its users to invest across the domain of structural changes that arise from AI and innovative and disruptive technologies impacting traditional industries and sectors. It offers resource transformation, evolving consumer and technological innovation themes serving broader investor interests such as better use of energy and resources, evolving demand and needs of the global population, and technological advances and innovations. (October 24, 2023; 
 <a href="https://www.nutmeg.com/nutmegonomics/thematic-portfolios-are-here">
 Company press release
 </a>
 )
 
 </li>
 </ul>
 
 Partnerships
 
 <ul>
 <li>
 
 
 <a href="https://sp-edge.com/companies/439625">
 Marstone
 </a>
 , a digital investment management and planning platform, has partnered with 
 <a href="https://sp-edge.com/companies/576329">
 Woodforest National Bank
 </a>
 to expand its product reach through Woodforest&rsquo;s banking network. Through this partnership, Marstone intends to leverage Woodforest&rsquo;s operational presence across over 700 branches in 17 states and grow its product reach by servicing customers of Woodforest with digital investment services. (October 18, 2023; 
 <a href="https://www.businesswire.com/news/home/20231018532335/en/Marstone-Announces-Partnership-With-Woodforest-National-Bank%C2%AE-to-Deliver-Digital-Wealth-Management-to-Its-Customers">
 Company press release
 </a>
 )
 
 </li>
 </ul>
 
 
</div>

Retail investors demanding sophisticated passive investment strategies are looking for an edge.

Retail Trading Infrastructure

DISRUPTOR_PRESENT

PROMINENT_CATEGORY

<div>
 Funding
 <ul>
 <li> <a href="https://sp-edge.com/companies/1403459"> Vyzer </a> , a digital wealth management platform, has raised USD 6.3 million in seed funding from VCs, angel investors, and family offices. The company plans to use the funds to enhance its platform's AI capabilities, develop new features, and grow its market reach. (October 04, 2023; <a href="https://www.prnewswire.com/news-releases/vyzer-secures-6-3-million-in-seed-funding-to-transform-wealth-management-with-ai-301946844.html"> Company press release </a> )</li>
 <li><a href="https://sp-edge.com/companies/314799"> Stash </a> , a digital bank and retail investing platform, has raised USD 40 million in funding through convertible notes. The company intends to use the fresh funds to expand its range of services and to position itself for potential public offerings. (October 13, 2023; <a href="https://coverager.com/stash-raises-40-million/"> Coverager </a> , <a href="https://techcrunch.com/2023/10/13/armed-with-40m-in-new-financing-fintech-stash-is-positioning-itself-for-the-public-markets/"> TechCrunch </a> )</li>
 </ul>
 Product updates
 <ul>
 <li><a href="https://sp-edge.com/companies/2672082"> Frec </a> , a robo advisory platform, emerged from stealth with the launch of Frec Direct Indexing–its trading algorithm that allows users to track S&amp;P indices and invest with tax savings and customization features. The platform charges an annual fee of 0.10% on direct indexing or USD 100 in annual fees for portfolios with over USD 100,000 in assets under management. (October 03, 2023; <a href="https://www.businesswire.com/news/home/20231003358651/en/Frec-Emerges-from-Stealth-with-26.4-Million-in-Funding-Led-by-Greylock-to-Launch-Its-Investment-Platform"> Company press release </a> )</li>
 <li><a href="https://sp-edge.com/companies/79132"> Nutmeg </a> , a hybrid robo-advisor platform, has announced the launch of its thematic portfolios that allow its users to invest across various domains. It offers resource transformation, evolving consumer and technological innovation themes serving broader investor interests. (October 24, 2023; <a href="https://www.nutmeg.com/nutmegonomics/thematic-portfolios-are-here"> Company press release </a> )</li>
 </ul>
 Partnerships
 <ul>
 <li> <a href="https://sp-edge.com/companies/439625"> Marstone </a> , a digital investment management and planning platform, has partnered with <a href="https://sp-edge.com/companies/576329"> Woodforest National Bank </a> to expand its product reach through Woodforest’s banking network. Through this partnership, Marstone intends to leverage Woodforest’s operational presence across over 700 branches in 17 states and grow its product reach by servicing customers of Woodforest with digital investment services. (October 18, 2023; <a href="https://www.businesswire.com/news/home/20231018532335/en/Marstone-Announces-Partnership-With-Woodforest-National-Bank%C2%AE-to-Deliver-Digital-Wealth-Management-to-Its-Customers"> Company press release </a> )</li>
 </ul>
 
</div>

Monthly News Summary (October 2023)

Making banking work, without the paperwork

Neobanks

<div>
 
 <ul>
 <li>Stash, a digital bank and retail investing platform, has raised USD 40 million in funding.</li>
 <li>The funding was raised through convertible notes led by T. Rowe Price Investment Management.</li>
 <li>Goodwater Capital and Union Square Ventures also participated in the funding round.</li>
 <li>The company's total funds raised now amount to USD 520 million.</li>
 <li>Stash intends to use the fresh funds to expand its range of services and to position itself for potential public offerings.</li>
 <li>Founded in 2015, Stash provides investment and banking products.</li>
 <li>The company currently has over two million active subscribers.</li>
 </ul>
 
</div>

All Updates

Monthly News Summary (October 2023)

Stash raises USD 40 million in funding through convertible note

Stash Financial raises USD 52.6 million in debt financing

Stash Financial raises USD 52.6 million in debt financing

Stash acquires PayGrade