FinTech News

ShareRing nabs $3.8m, launches an ICO

Online marketplace ShareRing has nabbed $3.8m in its seed round, alongside the launch of its ICO.

Challenger bank OakNorth hits profitability in first year

Entrepreneur-focused challenger bank OakNorth is proving just how big an impact these digital-only alternatives could have on traditional banking by breaking even in its first year on the market.
Helio

Binance Labs backs Helio Protocol’s transition with $10m boost

Helio Protocol, a budding name in the DeFi landscape, has recently garnered considerable funding from Binance labs. 

Dutch financing platform Levenue acquires compatriot Requr

Netherlands-based financing platform Levenue has purchased FinTech Requr for an undisclosed fee.
HSBC leads $250m private loan in Hong Kong FinTech FundPark

HSBC leads $250m private loan in Hong Kong FinTech FundPark

Hong Kong-based FinTech company, FundPark, has secured a $250m private loan led by HSBC.

InsurTech startup Stable rakes in $3.3m funding

Stable, an InsurTech that claims it is creating fit-for-purpose insurance for owners of rideshare and carshare vehicles, has bagged $3.3m from a funding round.

Terraform Labs bags $150m in funding from major crypto players for DeFi Ecosystem Fund

Terraform Labs, the South Korean company behind the Terra public blockchain, has raised $150m from major crypto investors including Arrington XRP Capital, Pantera Capital, Galaxy Digital and BlockTower Capital.
Collective rakes in $50m to revolutionise freelance finance with AI

Collective rakes in $50m to revolutionise freelance finance with AI

Collective, the pioneering online back-office platform designed exclusively for individual entrepreneurs, known as 'solopreneurs', has successfully raised $50m in its latest funding round.

1Password and Brex team to simplify and secure online payments

Canadian cybersecurity firm 1Password has partnered with FinTech Brex to simplify online payments and make them secure and frictionless.
all-weather-stablecoin-gyroscope-closes-seed-round

‘All Weather Stablecoin’ Gyroscope closes seed round

Gyroscope, which stylises itself as the ‘All Weather Stablecoin’ has raised $4.5m in its seed funding round, which was co-led by Placeholder VC and Galaxy.

News Stories

How UBO verification can safeguard against financial crimes

An UBO refers to an individual who, although not always officially recorded, holds significant control or ownership of a business entity, generally marked by owning 25% or more of the company.
On July 19, 2024, cybersecurity giant CrowdStrike issued a routine software update. However, this time things went terribly wrong. The update, which was meant to enhance security, ended up causing major disruptions across industries worldwide. The faulty software quickly wreaked havoc on IT systems reliant on Microsoft's operating system, with insurance firm Parametrix estimating $5.4bn in damages were done to Fortune 500 companies alone. Jeff Heine, Chief Revenue Officer of Novidea delved into why this calamity underscores the need for modern, sophisticated insurance management systems.

Why the CrowdStrike outage highlights a need for modern insurance management systems

On July 19, 2024, cybersecurity giant CrowdStrike issued a routine software update. However, this time things went terribly wrong. The update, which was meant to enhance security, ended up causing major disruptions across industries worldwide. The faulty software quickly wreaked havoc on IT systems reliant on Microsoft's operating system, with insurance firm Parametrix estimating $5.4bn in damages were done to Fortune 500 companies alone. Jeff Heine, Chief Revenue Officer of Novidea delved into why this calamity underscores the need for modern, sophisticated insurance management systems.
Paymob

Paymob secures $22m to bolster digital payment infrastructure in MENA

Paymob, a trailblazer in the MENA financial services sector, has recently announced a substantial $22m extension to its Series B funding, culminating in a robust $72m total for the round.
Optalitix, a specialist in insurance and finance software, has raised $3m in a follow-on fundraising round led by its existing investor, Calculus Capital.

Optalitix secures $3m funding to drive insurance software innovation

Optalitix, a specialist in insurance and finance software, has raised $3m in a follow-on fundraising round led by its existing investor, Calculus Capital.
Flagright

Flagright welcomes First Digital as customer to enhance AML FinTech compliance

RegTech firm Flagright has welcomed First Digital Trust, known as First Digital, as its newest customer. 

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