Funding Rounds

Canada-based InsurTech platform Foxquilt has closed its seed round on $3.5m, which will be used to enhance its technology and data science.

SOC.OS, a cybersecurity platform, has reportedly raised £2m in a funding round to support the growth of its platform.

France-based InsurTech Koala has scored €1.6m in a funding round led by UK-based incubator and fund Insurtech Gateway.

Canada-based Flinks, a financial data platform, has closed its Series A round on $16m, with NAventures leading the round.

PAIR Finance, a debt collection and receivables management platform, has scored €2m in funding, as it continues its growth efforts.

Digital business bank Penta has collected €4m in a new funding round, adding to the €18.5m it raised in March for its Series B.

Singapore-headquartered FinTech Robocash is planning to list on the Australian Securities Exchange and is reportedly looking to raise $5m to launch a neobank in the Philippines.

Point, a new US-based challenger bank, has reportedly closed a $10.5m Series A round, coming ahead of the public launch of its services.

While the downfall of Wirecard may the big story in the FinTech industry, it would be a mistake to not take a closer look at the investment rounds announced in the sector over the past seven days.

UK challenger bank Starling Bank is reportedly looking to raise yet more funding this year, with the hopes to create more products for small and medium-sized businesses (SMEs).