Company News

Next-gen specialty insurer Mosaic Insurance is to acquire the Lloyd’s managing agency of SiriusPoint, and as part of a transaction the global reinsurer will become a strategic investor in Mosaic.

Root Insurance, a public US-based InsurTech company, has teamed up with InsurTech100 company Tractable to bolster its claims operations.

Digital payments platform Juspay has secured $60m from a Series C funding round headed by SoftBank Vision Fund 2.

InsurTech firm BondAval, which aims to democratise access to credit terms, has raised $7m from a seed funding round.

Business-to-business (B2B) payments network CoreChain Technologies has secured $1.25m from a pre-seed funding round.

Zurich-based WealthTech100 firm Avaloq has entered a partnership with compatriot FinTech Adviscent to provide smart content solutions for wealth managers and private banks.

Digital asset management company Carne Group has netted a $121.8m investment from Vitruvian Partners to expand the WealthTech client led technology solutions.

Fresh out of Highline Beta's inaugural 100+ Sustainability Accelerator, BanQu has now picked up investment from AB InBev.

The Swiss crypto service Aximetria has launched a service solution to check bank cards for crypto tolerance, enabling users to see how likely their banks are to block a cryptocurrency transaction.

Many RegTech solutions have artificial intelligence at the core of their solutions, but the founder of Ascent has warned that they need to be aware of the ethical pitfalls using the technology can entail.