Go Ventures, Sequoia India’s Surge back Vara to digitise Indonesian SME payrolls
Indonesia-based staff management platform Vara raised $4.8m in seed funding from Go Ventures, the investment arm of super app Gojek, as well as RTP Global, Alpha JWC Ventures, Sequoia Capital India’s Surge, FEBE Ventures and Taurus Ventures.
Sequoia-backed MobiKwik files DRHP to raise $225m in IPO
India-based mobile wallet service firm MobiKwik filed a Draft Red Herring Prospectus (DRHP) filing for its IPO to raise $255m, becoming the latest Indian startup to explore the public markets.
Financial anti-crime startup Quantexa snags $153m to accelerate growth
UK-based Quantexa has raised $153m in a funding round led by Warburg Pincus along with a slew of undisclosed blue-chip investors as it seeks to accelerate regional expansion and develop new products in areas including banking and insurance.
Howden launches sustainable underwriter, plans $500m raise
International insurance broker Howden has introduced Parhelion Underwriting with the aim of raising $500m after it was seeded by Howden.
Cannabis dispensary selects ARCA’s cash automation system to streamline back office finances
Ascend Wellness Holdings (AWH), a cannabis operator, has selected ARCA, a cash automation solution provider for financial institutions, retail businesses and self-service kiosks, to streamline its back-office cash management in its retail stores.
FCA slaps Lloyds Bank’s insurance division with £90m fine for misleading customers
The Financial Conduct Authority fined the insurance division of Lloyds Bank £90.7m for sending misleading renewal quotes to nine million customers.
Two fifths of UAE consumers experience online fraud attempts
Two fifths of consumers in the UAE have experienced an online fraud attempt, of which, half would contact law enforcements if it is successful.
Lunar eyes accelerated digital banking roll-out following €210m Series D
Danish challenger bank Lunar has secured €210m from a Series D funding round led by Heartland.
Tide banking valued at $650m after snagging a $100m Series C round
UK business banking platform Tide has raised over $100m in Series C funding at a valuation of $650m led by Apax Digital, the growth equity team of Apax Partners.
ESMA slaps €408,000 penalty on derivatives firm due to EMIR data breaches
The European Securities and Markets Authority (ESMA) has fined DTCC Derivatives Repository for seven breaches of the European Market Infrastructure Regulation (EMIR).