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Martello Secures £1.2M in Funding to Revolutionize Conveyancing with AI-Driven Property Risk Solutions
Martello, a UK-based property data intelligence firm, is enhancing environmental and location risk assessments in property transactions using artificial intelligence. Recently, the company secured £1.2 million in funding from Fuel Ventures and strategic angel investors. Their innovative platform analyzes real-time data to evaluate risks such as flooding and land contamination, improving clarity for legal professionals and homebuyers. Over the past 15 months, Martello has partnered with leading UK law firms to refine their solutions and enhance report quality. CEO Dr. Henry Crosby emphasized the need for clarity in environmental searches, while Fuel Ventures praised the team’s unique expertise.
Altruist Raises $152M in Series F Funding to Accelerate Growth of WealthTech RIA Platform
Altruist, a technology-driven firm for independent registered investment advisors (RIAs), has raised $152 million in a Series F funding round led by Singapore’s GIC and other notable investors, boosting its valuation to approximately $1.9 billion. The firm offers a fully integrated custodian platform with tools for account management, trading, and reporting, enabling advisors to effectively manage client portfolios. In 2024, Altruist launched new products, including high-yield cash accounts and tax management tools, driving significant growth and tripling its assets under management. This funding strengthens Altruist’s mission to democratize financial advice and enhance the advisor-client relationship.
SCOR Appoints Philipp Rüede as New CEO of Life & Health Division: A Strategic Leadership Move
SCOR has appointed Philipp Rüede as the new CEO of its Life & Health (L&H) division, effective June 1, 2025. He succeeds Frieder Knüpling and will focus on implementing SCOR’s updated strategy, targeting business growth, preserving in-force value, and enhancing cash flow. Rüede, a dual Swiss and German national with over 20 years of experience in banking and reinsurance, previously worked at Swiss Re and other financial institutions. SCOR aims to transform its L&H division under his leadership, with CEO Thierry Léger expressing confidence in Rüede’s skills and experience to drive this transformation.
Worth Secures $25M in TTV Capital-Led Funding to Accelerate Onboarding Automation
Worth, a prominent FinTech company focused on onboarding and underwriting automation, has raised $25 million in funding led by TTV Capital. The round included investments from Silicon Valley Bank and other notable backers. Worth’s AI-driven platform streamlines onboarding, enhances underwriting efficiency, and utilizes a proprietary database of over 242 million small businesses. With this funding, Worth plans to accelerate expansion, improve AI technology, and scale services for larger clients. Co-founders Sal Rehmetullah and Suneera Madhani emphasized the need for innovative solutions in the financial sector, positioning Worth as a key player in the growing demand for automation in financial services.
Empowering Women Investors: Are Wealth Firms Truly Making the Grade?
Women in the UK are set to manage 60% of the nation’s wealth by the end of this year, driven by inheritance and entrepreneurship. Despite this financial empowerment, a gender gap in investing remains, as only 13% of women held stocks and shares ISAs in 2022 compared to 22% of men. Jurgen Vandenbroucke emphasizes that women tend to be more risk-averse due to economic factors, yet many face barriers such as uncertainty and the gender pay gap. Wealth management firms must adopt personalized strategies and technology to support women investors effectively, or risk losing a significant client base as wealth transfers increase.