Wealth

Insurance distribution platform Cover Genius has raised US$10 million in a Series B funding round as it continues its global growth across the US, the UK and into Asia.

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Raiz Invest has completed a placement of seven million fully paid shares at 86 cents per share, raising a total of $6.02 million.

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Wealth management software provider Iress has signed on to provide automated administrative services to Emergency Services and State Super (ESSSuper), aiming to improve efficiency and member experience.

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Artificial intelligence is likely to revolutionise the investment landscape, an expert has forecast, predicting the meeting of “mortal and machine” will shape investment decision making.

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Platform provider Bravura has acquired Australian fintech FinoComp, a specialist in software solutions for the UK wealth market, for $25 million.

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