Big Data

Last week’s 32 FinTech rounds highlight how Latin America is exploding with new activity, how open banking has nudged closer to being fully adopted across Europe and the rising popularity of teen-focused ventures.

Briq, which offers financial forecasting for the construction industry, has reportedly netted $10m in its Series A round.

Ilumoni, an AI-powered borrowing insights app, has netted $450,000 in its pre-seed round, which was backed by Move Ventures.

Challenger banks and InsurTech ventures stood out among the 23 FinTech companies that successfully raised money last week.

MioTech, an alternative data and insights platform, has received a minority investment from Moody’s Corporation, a global risk assessment firm.

What do the 30 FinTech funding rounds from last week tell us about the state of the industry?

DataFleets has picked up $4.5m in new funding to further its efforts to enable databases to be accessed without companies running the risk of their data being compromised.

Automation software developer Hyperscience has closed its Series D round on $80m to take advantage of on its three-times year-over-year growth.

FinTech startup Polygon.io has secured $6m in a Series A round to fund the continuous growth of its platform.

Last week proved to be good week in terms of FinTech investment, with the rounds revealing the state of CyberTech and InsurTech.