InvestCloud acquires Nutmeg provider Babel
$20m (£16.44m) deal
California-based Fintech firm InvestCloud has acquired Babel Systems, a provider to the robo-adviser Nutmeg, in a $20m (£16.44m) deal.
InvestCloud, known for its Programs Writing Programs technology, provides wealth managers with client portals, mobility and adviser portals. The firm also enables allocators and managers of multi-asset...
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