FinTech News

The UK’s Financial Conduct Authority (FCA) has released new rules for the buy now, pay later (BNPL) market, to better protect consumers. With these new...

China-based InsurTech startup Waterdrop has reportedly raised over 1bn RMB ($144m) in its Series C round, just months after closing its Series B on $74.2m.

Personal finance platform BrightPlan has netted $12m in its Series B round, bringing its total equity funding to $37m.

Hi Marley, an insurance technology platform, has closed its Series A round on $8.7m.

Online insurance company Lemonade has launched its services into Germany – the first European country it has released in.

GRC software management company Ideagen has acquired Redland Business Solutions, a provider of regulatory and compliance software, in a £15.8m deal.

Startup investor InsurTech Gateway has held a first close on its debut fundraise, which could reach up to £30m at final close.

Corporate credit card startup Brex has picked up $100m of investment in a round led by Kleiner Perkins Digital Growth Fund.

Retail trading app BUX has closed a $12.5m funding round which was led by venture capital firms Velocity Capital and Holtzbrinck Ventures.

AI technology is best at work when it’s improving existing processes rather than trying to totally transform the entire business model, according to a panel at the Global InsurTech Summit 2019.