Francisco Partners acquires SaaS analytics platform Sumo Logic

Francisco Partners acquires SaaS analytics platform Sumo Logic

Francisco Partners, a global investment firm, has acquired SaaS analytics platform Sumo Logic in a deal that values the business at $1.7bn.
FINBOURNE-collects-£30m-debt-facility

FINBOURNE collects £30m debt facility

FINBOURNE Technology, which is on a mission to reduce the cost of investing and increase transparency, has collected £30m in a debt facility.
EBA

EBA publishes final guidelines on remote customer onboarding

The European Banking Authority (EBA) has published its final guidelines on the usage of remote customer onboarding solutions.  According to the EBA, these guidelines set...
InterPrice-raises-$7.3m-for-its-transparent-financing-tool

InterPrice raises $7.3m for its transparent financing tool

InterPrice Technologies, which aims to create a transparent financing tool, has closed its Series A funding round on $7.3m.

DataRails scores $50m for its Series B

Financial planning and analysis platform DataRails has scored $50m in its Series B funding round.
Banyan closes Series A for item-level receipt data platform

Banyan closes Series A for item-level receipt data platform

Banyan, which is democratising access to item-level receipt data, has raised $43m in its Series A funding round, which was led by Fin Capital and M13.
SettleMint bags $16m for its blockchain application development kit

SettleMint bags $16m for its blockchain application development kit

SettleMint, which has developed a high-performance low-code platform for blockchain application development, has raised $16m in its Series A.
machine learning

Are regulatory constraints hindering machine learning development?

A Bank of England survey has found UK financial companies blame a lack of regulatory clarity and legacy systems for hampering the deployment of machine learning technology.
Private capital market tech developer Chronograph closes its 'Series X'

Private capital market tech developer Chronograph closes its ‘Series X’

Chronograph, which offers modern technology for private capital markets, has closed a ‘Series X’ funding round, as it expands its product suite.
Mytraffic-raises-€30m-series-B-location-analytics-backed-axa-venture-partners

AXA Venture Partners backs Mytraffic for location analytics

Mytraffic, a France-based provider of location analytics, has raised €30m in Series B funding in a round led by AXA Venture Partners (AVP).

News Stories

Weekly FinTech funding falters after strong week

Weekly FinTech funding falters after strong week

Total funding took a nose dive from last week. A total of $580m was raised across 33 FinTech funding rounds this week, compared to the $1.8bn raised the previous week.  
Chinese

Microsoft uncovers Chinese cyberespionage on US Pacific territory

A Chinese cyberespionage initiative has been detected that focuses on the essential infrastructure within Guam by Microsoft. 
regulator

Regulatory oversight in the crypto realm: A deep dive into communication practices

As crypto firms face a challenges, regulators have launched investigations into companies' GRC arrangements.
Klarna's path to profitability: Stellar Q1 results and a new partnership with Airbnb

Klarna’s path to profitability: Stellar Q1 results and a new partnership with Airbnb

Klarna, the AI-enhanced global payments network and shopping service, recently unveiled its first-quarter results, showcasing impressive growth surpassing ecommerce trends.
Driving growth in WealthTech: The critical role of adaptive IT architecture

Driving growth in WealthTech: The critical role of adaptive IT architecture

The WealthTech landscape is undergoing constant transformation. A significant driver of this change is the influx of younger customers due to the great wealth...

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