The financial planning technology developer has been bought by MoneyLion just over a year after raising money from NFP Global.

NFP Ventures, the corporate venturing arm of insurance broker NFP Global, has exited US-based financial planning technology developer Wealth Technologies (WTI) in an acquisition of undisclosed size by mobile banking platform provider MoneyLion.

Founded in 2016, WTI has developed a software platform that enables customers to access personalised financial planning guidance. It can inform financial decisions such as the management of expenses, investment allocation and choosing insurance products.

MoneyLion will incorporate WTI’s financial advice system into its own mobile platform…