Funding Rounds

R3 blockchain consortium brings in record $107m funding round

R3, a consortium made up of more than 80 banks and financial services firms from around the world, has raised $107m in the largest blockchain funding deal to date.
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EzCred scores $1m for offline POS lending

Indian consumer lending startup EzCred has picked up a $1m Seed round from a consortium of individual investors.

Growish picks up ?400,000 for group payments platform

Milan-based group payments platform Growish has picked up ?400,000 in a fresh round of funding. The company says the funding will be used to expand in its native Italian market and launch overseas.

MortgageGym secures ?2m for regulator-friendly robo-advisor

Mortgage robo-advisor MortgageGym has raised ?2m in a Seed funding round ahead of its launch in the summer.
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Numerated spins out of Eastern Bank, raises $9m

Real-time commerce platform for banks Numerated Growth Technologies has picked up $9m in funding after spinning out of Eastern Bank’s Eastern Labs FinTech incubator.
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StashAway lands $2.15m to get its robo-advisory MAS approved

Singapore-based robo-advisor StashAway has raised S$3m ($2.15m) to launch its regulatory approved service in the city.
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P2P payments app Verse pockets $20.5m to expand overseas

European peer-to-peer (P2P) payments app Verse has pocketed a $20.5m Series B round led by Spark Capital.
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Indian lender PaySense scores $5.3m

Indian lending startup PaySense has raised $5.3m in a Series A round led by Jungle Ventures. Naspers Group and Nexus Venture Partners also participated in the round.
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Telr picks up $3m for emerging markets payments gateway

Payments gateway startups Telr has picked up $3m in a Series B round led by Innovation East Funds.
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Accern nabs $1.2m for AI financial news curation

Financial news curation platform Accern has raised $1.2m in a Seed round. Rostra Capital, Gurtin Ventures, 26 Ventures, Belmont Capital and Affinity Investment Group all participated in the round alongside angel investors.

News Stories

Consumer Duty

One year on: How has Consumer Duty impacted the industry?

On July 31 last year, the long-awaited Consumer Duty legislation came into effect in the UK, following months of preparation and industry attention.
Six ways tech is revolutionising M&A for insurers

Six ways tech is revolutionising M&A for insurers

Mergers and acquisitions (M&A) have long been pivotal strategies for growth within the insurance sector, enabling firms to expand their market presence, enter new territories, and secure competitive advantages.
video

What are the main concerns financial institutions should have around using AI?

As financial institutions look to increase their adoption of artificial intelligence (AI), they need to ensure they are able to trust the technology. These AI tools can have gain access to sensitive data and if the correct measures are not implemented, can cause a myriad of problems. 

Candriam launches ESG Market Neutral Fund targeting sustainability leaders

Candriam, a sustainability-focused asset management firm, has announced the launch of its new fund, the Candriam Equities L ESG Market Neutral Fund.
SEB

SEB launches global fund focused exclusively on sustainable investments

SEB has unveiled the SEB Global Sustainable Companies Fund, an index-linked global investment fund dedicated solely to sustainable companies.

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