FinTech News

Freelancer management platform Lystable has raised a further $10m in funding to focus on payments. The funding is an extension of the $11m round it raised in June 2016.

Financial wellbeing app Clarity Money has landed $11m in a Series B round co-led by RRE Ventures and Citi Ventures. Bessemer Venture Partners and Maveron also participated in the funding.

London-based VC Octopus Ventures has raised a new £120m tech fund after a year of notable exits.

Kuala Lumpur-based FinTech provider Jirnexu has closed its Series A round with $4.5m in the bank. The round is finishing up with a $1.5m investment following on from the $3m Jirnexu raised in May 2016.

Singapore-based auto marketplace Carro has picked up $12m in funding to pump into its FinTech division. The round’s lead investor is undisclosed.

Automated cashback app Dosh has pocketed $2m in a Seed funding round as it prepares to launch in private beta mode.

Emerging markets-focused student lender MPOWER Financing has landed fresh funding from Latin American VC firms VARIV Capital and Chilango Ventures.

Japanese financial management platform Moneytree has picked up ¥1bn (~$9m) in a Series B funding round. SBI Investment led the round for the Tokyo-based company.

Life insurance startup Fabric has pocketed $2.5m in a Seed round led by Bessemer Venture Partners. The startup's basic package only covers accidental death, which it says is the primary cause of death for 25 to 34-year olds.

Mid-market private equity firm Parethenon Capital Partners and M2 have teamed up with former Matrix Financial Solutions president John Moody to launched a wealth management platform.