Italian neobank illimity announces €13.2m in profits in third quarter
Italian challenger bank illimity has reported a 31% jump in profits in the third quarter compared to the second one this year.
“Bitcoin Hyper” network claims 2-second transaction times, but issuance terms unclear
Bitcoin Hyper claims its network is the fastest Bitcoin around the world and can greatly improve transaction times compared with others.
Williams sisters back investor app Shares
Serena and Venus Williams have become shareholders in London-based investor app Shares, which launched in the UK in May.
PayPal Ventures invests £9m into Modulr
Payments provider Modulr has added another £9m to its coffers on the back of an investment from PayPal Ventures, which will fund the scaling of the business.
Cryptocurrency community platform Glu seeks £300,000 in new crowdfund
Cryptocurrency company Glu has launched a new crowdfunding campaign on Seedrs.
Aviva launches car insurance product to cost-conscious customers
Aviva has rolled out its lower cost Quotemehappy.com car insurance product to all major price comparison websites.
RegTech Detected bags £600,000 in seed capital
Business verification platform Detected has secured £600,000 in a funding round led by EmergeVest alongside a smattering of angel investors.
Prevailion closes Series A as it looks to expand its team
Prevailion, a platform designed to change how firms approach risk mitigation, has netted $10m in its Series A.
FSB outlines proposals for greater cyber reporting convergence
The Financial Stability Board (FSB) has recently established proposals to ensure greater convergence in cyber incident reporting, according to Finextra.
PhonePe partially spins out of Flipkart and raises $700m
PhonePe is partially spinning out from Flipkart and has raised $700m in a round led by Walmart and supported by prior investors.
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