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fintech / news / / Bloomberg

Digital wealth management platform FNZ Group Ltd. has raised $650 million in new equity funding from its institutional shareholders.

FNZ Group Ltd. raised $650 million in new equity from existing institutional shareholders.

KEY POINTS
Digital wealth management platform FNZ Group Ltd. has raised $650 million in new equity funding from its institutional shareholders, its second cash injection from major global investors this year. All existing institutional shareholders — Caisse de Depot et Placement du Quebec , Singapore’s Temasek Holdings Pte , Canada Pension Plan Investment Board , Al Gore ’s Generation Investment Management and private equity firm Motive Partners — participated in proportion to their ownership, Chief Executive Officer Blythe Masters said in an interview.
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