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Finantix becomes part of InvestCloud to boost SaaS wealth solutions platform

Wealthtech provider Finantix has announced a strategic merger with InvestCloud to strengthen its Software-as-a-Service (SaaS) global wealth solutions platform. Finantix and Tegra118, a US-based wealth tech, will join InvestCloud, as part of the recapitalisation led by private equity houses Motive Partners and Clearlake Capital Group that valued InvestCloud at US$1 billion. Both Finantix and Tegra118 are portfolio businesses under Motive…

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