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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
This is FNZ's second major cash injection from global investors in 2024.
All institutional shareholders participated proportionally to their ownership percentages.
CEO Blythe Masters confirmed participation from CDPQ, Temasek, CPPIB, Generation IM, and Motive Partners.
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.