FinTech News

Australian bank Westpac is continuing to plough money into the region’s FinTech companies and investing $16.5m in online mortgage startup uno.

As hype continues to build around the potential for startups to disrupt the insurance space Eos Venture Partners is launching as specialised fund dedicated to finding opportunities in InsurTech.

Payments provider Stripe is broadening its appeal to developers with the acquisition of node prototyping service Tonic. The financial terms of the deal are undisclosed but Tonic is rebranding to Runkit.

Alibaba FinTech subsidiary Ant Financial is boosting its biometric capabilities through the acquisition of Kansas City-based EyeVerify.

Real estate financing startup Point has raised $8.4m in a Series A round of funding led by Andreessen Horowitz.

Singapore and Switzerland are teaming up to boost their respective FinTech sectors.

New York InsurTech startup Oscar is hiring Shaden Marzouk as its new chief medical officer. A neurosurgeon and US army veteran, Marzouk will replace Aran Ron in the role.

Australian payments and finance app zipMoney is acquiring personal finance management app Pocketbook for $7.5m.

Ontario-based Fusebill has raised $6m in a Series A round of funding. The capital for the SME subscription billing platform comes from individual backers.

Brazilian digital financial services firm Nubank has raised $80m in a Series D round of funding. The investment was led by DST Global.