<div>
  <ul>
    <li>
      <p>
        <a href="https://sp-edge.com/companies/1449">
          eToro
        </a>
        , an online trading platform, has secured approval for a Financial Services Permission (FSP) from the Financial Services Regulatory Authority of Abu Dhabi Financial Markets Authority to operate as a broker for securities, derivatives, and crypto assets in the UAE and continue its global expansion plans. 
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.etoro.com/news-and-analysis/press-releases/etoro-recognises-abu-dhabi-as-a-rising-fintech-hub-receives-approval-from-adgm-to-operate-in-the-uae/">
      Press release
    </a>
  </p>
  <p>
    <a href="https://thefintechtimes.com/etoro-gains-regulatory-green-light-for-uae-operations-from-adgm/">
      The Fintech Times
    </a>
  </p>
</div>


Retail Trading Infrastructure

The online trading platform, eToro, has obtained approval from the Financial Services Regulatory Authority of Abu Dhabi Financial Markets Authority to operate as a broker for securities, derivatives, and crypto assets in the UAE. This approval allows eToro to continue its global expansion plans.

eToro secures brokerage approval from Abu Dhabi Financial Markets Authority

<div>
 <p><a href="https://sp-edge.com/companies/1297515"> Webull </a> , an online trading platform, has announced its acquisition of Flink, an online trading platform based in Mexico. This acquisition was made through an all-stock transaction. Webull plans to make use of Flink's established customer base and market presence in Mexico to enter the Mexican market.</p>
 
</div>

Webull acquires Flink in an all-stock transaction

<div> 
<p><a href="https://sp-edge.com/companies/11777">Wealthfront</a>, an automated advisory and investment management platform, announced surpassing USD 50 billion in assets under management with more than 700,000 clients comprising mostly young professionals from the US. The company also stated that it is on track to achieve revenue growth of 140% for 2023.</p>
</div>

Wealthfront surpasses USD 50 billion in assets under management

PROMINENT_CATEGORY

The given HTML consists of a <div> element containing a <p> element. Within the <p> element, there is an <a> element that has a href attribute pointing to the website "https://sp-edge.com/companies/755048". The text within the <a> element is "Moomoo". The <p> element contains a description of Moomoo as an online trading platform. It also mentions that Moomoo has launched a podcast called "Mobile Money by Moomoo" which provides weekly updates on market news, investment concepts, economic developments, and financial education.

Moomoo launches its Podcast Mobile Money

The HTML includes a div element containing a paragraph element. Within the paragraph, there is an anchor element that acts as a hyperlink to the Acorns website. The anchor text is "Acorns". The paragraph mentions Acorns launching the "Mighty Oak Debit Card" in collaboration with Dwayne Johnson. The card allows users to invest spare change from transactions and offers a 3.00% checking APY and 5.00% APY on the card's emergency fund savings. There are no minimum deposit or balance requirements.

Acorns launches Mighty Oak Debit Card

The investment data analytics and extraction platform, VRGL, has partnered with Steward Partners Global Advisory Group to expand its product reach and support innovation. The partnership will provide enhanced workflows and client engagement services for advisors, including automated statement extraction and analytics. VRGL's collaboration with Steward Partners will enable more efficient processes and improved services for financial advisors and their clients.

VRGL partners with Steward Partners Global Advisory Group to increase product reach

DISRUPTOR_PRESENT

<div>
 <p><b>Funding</b></p>
 <ul>
  <li><p><b></b> <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> )</p></li>
  <li><p><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> )</p></li>
 </ul>
 <p><b>Product updates</b></p>
 <ul>
  <li><p><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> )</p></li>
  <li><p><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> )</p></li>
 </ul>
 <p><b>Partnerships</b></p>
 <ul>
  <li><p><b></b> <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> )</p></li>
 </ul>
 
</div>

Monthly News Summary (October 2023)

D1g1t, a wealth management platform, has raised an undisclosed amount in funding from investors such as MissionOG and CI Financial. Wells Fargo has launched Stock Fractions, allowing users to trade fractional shares of US stocks. Moomoo, an online trading platform, has expanded its services to Japan, offering trading of US equities and ETFs. Robinhood has entered into a share purchase agreement with the US Marshal Service. Goldman Sachs has been fined $6 million by the SEC for failing to provide complete and accurate securities trading information.

Monthly News Summary (September 2023)

Wealthfront, a robo advisory platform, has launched 45 new stock collections based on investment themes such as AI adoption, GenAI, and high dividend payers. Tradier, an online trading platform, has launched Tradier Hub, allowing users to access over 100 platforms and engage with other traders. Moomoo, an online trading platform, has partnered with the New York Stock Exchange and expanded into Canada. eToro, an Israeli trading platform, has been sued by ASIC over alleged breaches of obligations. Titan, a wealth management platform, has been charged by the SEC for misrepresentation and compliance breaches, resulting in fines and penalties.

All Updates