Funding Rounds

Teenager-focused FinTech Kard said to close $3.5m round

Kard, a challenger bank aimed at teenagers, has reportedly raised $3.5m in a funding round, which was led by Founders Future.

Salty Dot comes out of stealth after $16m funding round

Embedded insurance technology company Salty Dot has launched out of stealth mode, alongside the close of a $16m funding round.

Brazil-based Swap capitalises on rapid growth with Series A close

Swap, a bank-as-a-service platform based in Brazil, has capitalised on its 300% customer base growth with the close of a $25m Series A investment.
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Jumio lands $15m for payment verifications

Identity verification startup Jumio has raised $15m in a new round of funding after its assets where acquired by Centana Growth Partners in May.

India’s HostBooks closes $3m Series A

India-based HostBooks has closed its Series A funding round on $3m, which was led by payment gateway Razorpay.

HoneyBook secures $250m Series E to advance offering to growing independent workforce

US-based financial management platform for independent service-based businesses Honeybook has raised $259m in Series E equity funding.

Authenticity.AI closes initial seed round

Speech-to-text processing platform Authenticity.AI has closed its initial seed funding round from an affiliate of Knox Capital.
Strong market demand drives SnippetSentry to close extended Series A round

Strong market demand drives SnippetSentry to close extended Series A round

SnippetSentry, a Silicon Valley-based firm that empowers companies to tackle the significant challenge of unmonitored mobile communications data, is experiencing an unprecedented client demand for their fully programmable mobile enterprise data security platform, SnippetExchange.

Nationwide places £3m into Open Banking for Good challenge

Nationwide has launched a £3m fund to encourage FinTech startups and academics to develop Open Banking apps.

TripActions hits $5bn valuation after close of $155m Series E

Business travel and spend management platform TripActions has bagged $155m in its Series E funding round, which ups its valuation to $5bn.

News Stories

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. 
Data

ESG Data & Solutions introduces ESGSure to transform ESG research

ESG Data & Solutions, a key firm in the environmental, social, and governance  sector, has introduced its latest innovation, ESGSure.

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