FinTech News

PayVEDA, which helps make bill payments easier, has reportedly collected $11.5m in its Series A funding round.

Austria-based MOSTLY AI, which aims to revolutionise how companies work with data, has closed its Series B funding round on $25m.

PayPal has confirmed it is looking into developing PayPal Coin, a dollar-backed stablecoin as it looks to expand its footprint in the cryptocurrency space.

Saudi Arabia-based Dawul has scored $5m in a seed funding round, which was led by RAED Ventures.

Netherlands-based financing platform Levenue has purchased FinTech Requr for an undisclosed fee.

GAN Integrity, a provider of ethics and compliance management solutions, has rebranded and launched its new Integrity Platform.

RegTech firm PassFort has revealed it has successfully completed its System and Organisation Controls (SOC 2) Type 2 audit.

Qraft Technologies, which aims to improve alpha delivery in asset management, has collected $146m in funding from SoftBank Group Corp.

InsurTech company Tractable has partnered with multinational insurance group Mapfre to apply AI solutions to auto claims.

While the world is only one week into 2022, FinTech companies are already raising capital as they prepare for another year.