Funding Rounds

Australian FinTech achieved another record year, but medium-sized businesses found it harder to attract investors as Covid-19 swept across the nation.

Over the past seven days we have reported on 27 big FinTech deals. So why not take a closer look at what they mean for the industry.

CultureAI, the number one human risk management platform for security and awareness teams, has raised £7 million in seed funding. The investment came from Conviction VC, Passion Capital, Senovo, and angel investors Paul Forster, founder of Indeed, and Guntram Friede, formerly Head of Marketing EMEA at Mulesoft.

Brazil-based Facio, which provides tools to improve the financial wellbeing of employees, has reportedly raised $5m in its seed round.

Tech investor AXA Venture Partners has raised $150m for the first close of its second early stage fund. The firm’s first close has already put ahead...

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.

This week was a relatively quiet week for the FinTech sector, with FinTech Global reporting on 22 deals across the market and investment totalling $422m.

INSIGHT2PROFIT, a data technology platform to drive growth, has received a strategic investment from DFW Capital Partners.

Moss, a financial management platform, has collected $29m in its Series A extension, coming six months after the initial round close.

Account-to-account payments platform Vyne has closed its seed round on $15.5m in funding, in what it claims to be the biggest seed round of any UK open banking startup.