Company News

Banking API company Teller announce new $4m seed round to take on Plaid

Venture capital Lightspeed Ventures, Founders Fund and PayPal founder Max Levchin's SciFi VC have joined forces to back banking API provider Teller’s new funding round.
InsurTech startup Branch has recently undergone a second wave of layoffs, impacting 85 employees, following a previous cut of employees in June, according to sources from The Coverager.

InsurTech Branch goes through second wave of layoffs according to reports

InsurTech startup Branch has recently undergone a second wave of layoffs, impacting 85 employees, following a previous cut of employees in June, according to sources from The Coverager.

US making cybersecurity progress but work still needed, congressional report details

A report by the US Cyberspace Solarium Commission has found the US has made significant progress in shoring its cyber defences but that its work is not over yet.
Ratio FinTech

All-in-one FinTech Ratio scores $411m in financing

Ratio, a FinTech that combines payments, predictive pricing, financing and a quote-to-cash process into one platform, has raised $411m across venture funding and a credit facility.  

FIME to test biometric components with FIDO Alliance

FIME, a consultancy service and technology developer, has been accredited to test biometric components in line with FIDO Alliance’s Biometric Component Certification Program.
Blink Parametric, a leading Cork-based travel InsurTech and parametric solutions provider, has extended its partnership with MAWDY Ireland.

Blink Parametric elevates travel insurance experience with MAWDY Ireland partnership

Blink Parametric, a leading Cork-based travel InsurTech and parametric solutions provider, has extended its partnership with MAWDY Ireland.

InfoSum picks up $65m in Series B as companies prioritise data privacy

NYC-based data collaboration platform provider InfoSum raised $65m in Series B funding to help companies match customer data in a privacy-compliant way.
Aon-launches-group-to-help-insurance-clients

Aon launches group to help insurance clients

Aon, a global professional services firms, has introduced a strategy and technology group to bring help property and casualty, life insurance and reinsurance clients.

Xendoo and Worthy Financial both receive $75,000 from the MetLife Foundation, PayPal and Village...

Two startups selected as part of the Village Capital, PayPal and MetLife Foundation-run Finance Forward US 2019 accelerator programme have filled their coffers with additional investment just as the programme drew to a close.
Pismo

Visa expands payment solutions with pioneering acquisition of Pismo

Visa has announced the acquisition of Pismo, a trailblazing firm renowned for its cloud-native issuer processing and core banking platform.

News Stories

US takes the gold for FinTech deals this week - Here are this week's 36 deals

US takes the gold for FinTech deals this week – Here are this week’s...

It was a strong week for US-based FinTech companies, with 17 securing fresh capital this week.  Aside from the US dominating the week for deals,...
Deutsche Bank and BASF initiate pioneering ESG finance programme in Asia

Deutsche Bank and BASF initiate pioneering ESG finance programme in Asia

Deutsche Bank has unveiled BASF’s inaugural sustainability-linked payables finance programme in Asia, concentrating on its operations in China.
PureFacts secures major investment from GrowthCurve

PureFacts secures major investment from GrowthCurve

PureFacts Financial Solutions, a renowned provider of revenue management solutions tailored for the investment sector, recently announced a significant development.
Tuum and ComplyAdvantage join forces to enhance compliance and operational efficiency

Tuum and ComplyAdvantage join forces to enhance compliance and operational efficiency

Tuum is a next-generation core banking platform, has partnered with ComplyAdvantage, a financial crime intelligence platform that offers AI-driven risk data and fraud detection technology to a global client base.
Wisedocs bags $4.5m from CIBC to streamline insurance claim reviews with AI

Wisedocs bags $4.5m from CIBC to streamline insurance claim reviews with AI

Wisedocs, an innovative leader in the InsurTech sector, recently received a significant financial boost. CIBC Innovation Banking has extended $4.5m CAD in growth capital financing.

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