FinTech News

Drooms picks up deal flow platform DealMarket

Virtual data rooms for due diligence firm Drooms has acquired private equity deal flow platform DealMarket. The financial terms of the deal are undisclosed.
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Personal Capital adds another $25m to Series E round

IGM Financial pumped an initial $50m into the company in May with a further $25m dependant on the company reaching a growth milestone by the end of Q2 2017.
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NoBroker unlocks $7m for real estate platform

Indian real estate marketplace NoBroker has raised $7m in new funding led by Korean investor KTB Ventures. The funding is an extension of its $10m Series B round.
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Stonestep nabs $4m to take microinsurance to Asia

Microinsurance firm Stonestep has nabbed $4m in a Series A funding round. The investment comes from insurtech investor XL Innovate.

LeaseLock grabs $1m for rent payment insurance

Rent payment insurance startup LeaseLock has raised $1m in a Seed round led by American Family Ventures, the venture arm of American Family Insurance.

Contego snaps up Right-to-Work solution Working Status

UK RegTech platform Contego has acquired compliance software maker Working Status. The financial terms of the deal are undisclosed
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Wyre grabs $5.8m for blockchain-powered remittances

Blockchain-based cross boarder payments service Wyre has picked up $5.8m in a Series A round of funding from a combination of Chinese and US investors.
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Kreditech picks up $10.4m from Rakuten

Lending and credit history startup Kreditech has picked up $10.4m in a strategic from Japanese e-commerce and web giant Rakuten.
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Stash scoops up $25m Series B for investment app

New York-based investment app Stash has raised $25m in its Series B round. Valar Ventures led the round with Breyer Capital, Goodwater Capital and Entrée Capital participating.
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BillFront takes $35m for digital media financing

Digital media-focused invoice financing startup BillFront has picked up $35m in a Series A round from 4finance, NIBC Bank Deutschland and FinLeap.

News Stories

85% of banks rely on ESG ratings for financial strategy, reveals CDP report

A recent report from CDP has illuminated the growing centrality of ESG ratings in the strategic frameworks of financial institutions (FIs).
AI

How AI is driving transformation in the financial services space

Since the onset of AI adoption, the financial services market has been rapidly adjusting to new opportunities and challenges posed by the technology. As...
Bank of London

The Bank of London announces leadership overhaul with Stephen Bell as CEO

The Bank of London, a rapidly growing financial institution, today announced a significant leadership transition.

The high cost of cybersecurity breaches on corporate reputation

Cybersecurity breaches pose a grave threat not only to immediate data security but also to the long-term reputation and financial stability.

IFC launches ClimaLab to bolster climate risk management in European FIs

The International Finance Corporation (IFC) has launched ClimaLab, a comprehensive initiative designed to empower European financial institutions in effectively managing climate-related risks.

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