FinTech News

Cambridge-based CashFlow is acquiring fellow Silicon Fen payments solution iCheque Network. The terms of the deal are undisclosed.

Danish Expenses automation service Pleo has raised $3m in a new round of funding to help companies control employee spending.

The blockchain continues its steady shift into mainstream banking with startup Ripple adding seven more major financial institutions, as well as raised $55m in funding.

Online lenders might be having a tough year but that’s not holding back FastPay. The digital-businesses lender just landed a new round of funding from Citi Ventures.

Automated B2B payments provider Tipalti has raised $14m in a new round of funding led by SGVC.

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.