FinTech News

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.

Investment platform for small consumer brands CircleUp is planning to raise $100m, according to an SEC filing.

Enterprise payments service Airpay has picked up $3.6m as part of its Series A. Kalaari Capital led the round for the Mumbai-based company.

Brazilian RegTech startup IDwall has secured $600,000 in an investment co-led by Brazilian VCs Monashees Capital and Canary.

Singapore-based venture fund SeedPlus has raised $2m from World Bank member IFC to back early-stage businesses around Asia.