Wealth management platform FNZ has led a Series A investment in Bondsmith, a fintech that provides cash management and savings solutions for the wealth industry.

The investment forms part of a wider partnership that sees Bondsmith’s market solutions integrated into FNZ’s global wealth management platform, further enhancing the technology that supports over 650 financial institutions and 8,000 wealth management firms in 21 countries.

Bondsmith, which currently operates in the UK and is a Financial Conduct Authority-authorised electronic money institution, has ambitions to enter new global markets and intends to accelerate its international expansion by establishing operations in the Asia-Pacific region by year-end.

The funding the fintech has secured will support this expansion, further develop its product roadmap, initiate further job creation, and was recently used to fund its acquisition of Wells Money Brokers, a UK institutional cash deposit broker.