Goldman sachs backs uk-based robo adviser nutmeg in latest funding spherical
BuyLinkShop: U.k.-based online riches director nutmeg said on tuesday it raised $58.2 favorite...
(BuyLinkShop, quoting the Reuters) - u.k.-based online riches director nutmeg said on tuesday it raised $58.2 favorite in funding from investors, including goldman sachs order inc, wealth of which succeed live used mainly for interpolitical expansion. the latest funding spherical values nutmeg saving and investment ltd at 245 favorite pounds ($317.1 million), the union said. goldman’s investment in nutmeg is occurring as financial institutions, especially transmitted banks, waste millions of dollars to surprise tech innovations in their banking operations and enhance their urge to digitally-inclined consumers. banks similar goldman, jpmorgan track & co, wells fargo & co and mammoth riches managers such as blackrock inc possess been investing in robo-advisers to overhaul their distribution models in the face of tougher regulation, use some urgency off fees and cater to the changing investment needs of a younger stock. nutmeg is an online investment utility provider which specializes in specific savings account, pension and general investment. its latest funding spherical too saw participation from its existing shareholder, protection global holdings ltd, a hong kong-based financial advisory steadfast. nutmeg has raised closely $90 favorite in four funding rounds, the remotest of which was in december 2016, according to postulates website crunchbase. ($1 = 0.7726 pounds)
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