Fund Company Updates

Netwealth buys 25pc stake in fintech Xeppo

Wealth manager Netwealth has bought a 25 per cent stake in data solutions company Xeppo. The holdings may be increased in future to up to 50 per cent. Xeppo is a data reconciliation specialist that supports wealth management, accounting and mortgage industries. Xeppo solutions help monitor compliance, foster customer relationships management, workflow, marketing, with tools and reporting facilities.