FinTech News

Pay-per-mile car insurance firm Metromile has landed $103.5m in a Series D round of funding. The capital comes from Canadian insurer Intact Financial and China Pacific Insurance (CPIC).

The US largest bank by assets, JP Morgan is investing in Los Angeles FinTech company InvestCloud and partnering with it to deploy customised dashboards to investors.

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.

Credit card management app U51.com is the latest Chinese FinTech startups to land a $1bn-plus valuation as the company announces its $310m Series C round.

The InsurTech space continues to excite investors with the largest funding round raised in Europe to date just being picked up by FinanceFox.

Peer-to-peer lender FirstP2P has raised $70m in its Series C round of funding from CCB International and San Shan Capital Partners.

Lloyds Bank is looking for fresh talent to improve its digital strategy with a job posting for a new head of fintech discovery at the banking group.

UK-based invoice financing company DueCourse has raised £6.25m ($8.1m) in new funding. The financing comes from German e-commerce-giant Rocket Internet’s venture arm Global Founders Capital.

Indian lending firm Hero FinCorp has raised Rs702 crore ($105m) from private equity firm ChrysCapital and Credit Suisse.

Swedish invoicing startup Billogram has raised $1.18m in a round of venture funding. The capital comes from Edstra Venture Capital and angel investors.