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Kraken’s Game-Changing $1.5 Billion Acquisition of NinjaTrader: What It Means for the Future of Trading
Kraken plans to acquire NinjaTrader, a US-based retail futures trading platform, for $1.5 billion, aiming to strengthen its presence in the US futures market. Founded in 2003, NinjaTrader serves nearly two million futures traders and holds a Futures Commission Merchant license. Kraken’s co-CEO, Arjun Sethi, emphasized the need to bridge traditional finance with crypto, aiming for a comprehensive trading platform. The acquisition will enable Kraken to offer crypto futures, enhance product offerings, and provide advanced trading tools. Expected to close in early 2025, the deal requires regulatory approval and is backed by Long Ridge Equity Partners.
Trust & Will Raises Over $25M in Series C Funding to Revolutionize Digital Estate Planning
Trust & Will, a digital estate planning platform, has raised over $25 million in its Series C funding round, led by Moderne Ventures with contributions from several strategic investors. The funding aims to enhance the accessibility and affordability of estate planning for families and financial professionals. Trust & Will allows users to create legally valid estate documents online, streamlining the process. The company plans to expand its software platform and strengthen its data infrastructure to improve tools for advisors and attorneys. CEO Cody Barbo emphasized the importance of making estate planning accessible for all families.
Unlocking Inclusive Investment: The Power of Digital Profiling for Diverse Strategies
everyoneINVESTED is transforming investment accessibility for all, regardless of age, financial literacy, or gender. The company leverages technology to enhance investor relationships, streamlining operations and focusing on individual client needs. Its digital framework simplifies the investment process, allowing for emotional engagement without constant human interaction. By utilizing insights from behavioral finance, everyoneINVESTED personalizes investment experiences, acknowledging varying risk preferences, especially between genders. The firm advocates for banks to adopt advanced profiling tools to better understand client nuances. Ultimately, everyoneINVESTED aims to democratize investment opportunities, enabling individuals to engage in the market according to their unique preferences.
Fincite and Harvest Join Forces: A New Era in European WealthTech Innovation
Fincite from Germany and Harvest from France have merged to form the Harvest Group, a new leader in wealth management software, backed by private equity investors TA Associates and Montagu. This collaboration aims to consolidate the WealthTech sector in Europe, offering comprehensive B2B solutions that cover the entire investment value chain, including onboarding, KYC/AML compliance, and reporting. The merger is expected to double revenues within four years, focusing on expanding into key markets like the DACH region and France. Both companies will operate independently, continuing to address the financial sector’s demand for modernized, cohesive solutions.