News story of the week: Nutmeg investment set to grate on competition
In Europe’s biggest robo-adviser fund round, Nutmeg has secured a whopping £45 million, led by Goldman Sachs and Hong Kong-based financial advisory firm, Convoy.
The cash-injection will be used to lead product innovation while also helping the robo-adviser to accelerator expansion in the UK and beyond. So far the firm has amassed £116 million in investment since launch. Way to go!
Comment piece of the week: Brexit, a vacuum for British business?
Following reports of the Dyson relocation (do not get us started!), Elsa Hu, director of Asia at GP Bullhound and Leon Emirali, an entrepreneur and investor, debate on whether Singapore is the new go-to place for tech.
Singing Singapore’s praises, Hu argues that headquartering or expanding into the country makes perfect sense. Hu also cites Brexit uncertainty and the EU recently signing “landmark” agreements with Singapore for free trade and protected investment.
On the other side of the coin, Emirali argues Britain is still the place to be, mentioning that the technology businesses sector is growing 2.6 times faster than the rest of the economy. Emirali adds that a “never say die” attitude combined with an unwavering commitment to innovation will always give Britain an edge on competing tech destinations – irrespective of Brexit uncertainty. We like his positivity. Where do you stand?
Number of the week: Disrupting the death industry
Farewill the UK’s fastest growing will writing service has announced it has raised £7.5 million from the likes of Transferwise and the founders of Innocent Drinks.
Delivering simple, quick and easy-to-use tools for will writing online, Farewill is forecast to hit 10% of the market by the end of 2019, writing 1 in 10. Where there’s a will, there’s a way!
Quote of the week
We are @Foco_Global on Twitter, what’s your excuse?