Funding Rounds

Morpheus Labs receives investment at $2m valuation

Blockchain platform developer Morpheus Labs has received an undisclosed investment, which values the company at $2m.

Gatcoin closes ICO on $14.5m hard cap

Retail digital token distributor Gatcoin has closed its ICO on its $14.5m hard cap, finishing ahead of its planned end date.
fintech-news

Manigo storms past crowdfunding target, raising £650k

Money management application Manigo has raised £650,000 in its crowdfunding campaign, storming past its initial £300,000 target.
fintech-news

Ratehub scores $12m Series A led by Elephant

Canada-based Ratehub has scored $12m in its Series A round led by venture capital firm Elephant.

Coinify raises $4.8m in round led by Nordic Eye

Blockchain payments service platform Coinify has raised $4.8m in its latest funding round, which was led by Nordic Eye Venture Capital.
fintech-news

Outside Financial secures $1.5m to support product launch

New York-based Outside Financial has secured a $1.5m funding round to support the launch of its auto loans platform.

Contactless payment provider ToneTag said to bag $1.33m

Contactless payments provider ToneTag has reportedly picked up a $1.33m funding round.

Xinja surpasses crowdfunding goal pulling in up to AUS $778k

Australia-based digital bank Xinja has surpassed its initial AUS $500,000 ($398,020) crowdfunding target within just four days since it launched.

Serent Capital makes minority investment in to BirchStreet Systems

Procure-to-pay automation company BirchStreet Systems has received a minority investment from San Francisco-based Serent Capital.

Acorns closes funding from TPG’s Rise Fund

Acorns, a micro-investing app, has closed an undisclosed round of funding from TPG global investment fund.

News Stories

How UBO verification can safeguard against financial crimes

An UBO refers to an individual who, although not always officially recorded, holds significant control or ownership of a business entity, generally marked by owning 25% or more of the company.
On July 19, 2024, cybersecurity giant CrowdStrike issued a routine software update. However, this time things went terribly wrong. The update, which was meant to enhance security, ended up causing major disruptions across industries worldwide. The faulty software quickly wreaked havoc on IT systems reliant on Microsoft's operating system, with insurance firm Parametrix estimating $5.4bn in damages were done to Fortune 500 companies alone. Jeff Heine, Chief Revenue Officer of Novidea delved into why this calamity underscores the need for modern, sophisticated insurance management systems.

Why the CrowdStrike outage highlights a need for modern insurance management systems

On July 19, 2024, cybersecurity giant CrowdStrike issued a routine software update. However, this time things went terribly wrong. The update, which was meant to enhance security, ended up causing major disruptions across industries worldwide. The faulty software quickly wreaked havoc on IT systems reliant on Microsoft's operating system, with insurance firm Parametrix estimating $5.4bn in damages were done to Fortune 500 companies alone. Jeff Heine, Chief Revenue Officer of Novidea delved into why this calamity underscores the need for modern, sophisticated insurance management systems.
Paymob

Paymob secures $22m to bolster digital payment infrastructure in MENA

Paymob, a trailblazer in the MENA financial services sector, has recently announced a substantial $22m extension to its Series B funding, culminating in a robust $72m total for the round.
Optalitix, a specialist in insurance and finance software, has raised $3m in a follow-on fundraising round led by its existing investor, Calculus Capital.

Optalitix secures $3m funding to drive insurance software innovation

Optalitix, a specialist in insurance and finance software, has raised $3m in a follow-on fundraising round led by its existing investor, Calculus Capital.
Flagright

Flagright welcomes First Digital as customer to enhance AML FinTech compliance

RegTech firm Flagright has welcomed First Digital Trust, known as First Digital, as its newest customer. 

120,000+ FinTech leaders get exclusive industry stories delivered every week

Download the free AIFinTech100 report

FREE

Download the AIFinTech100 report for 2024 with details on each solution