Crowdfunding

CapBridge Financial has picked up $2m in a equity round

Singapore-based FinTech CapBridge has reportedly picked up new money in an investment round from SGInnovate and Cyberport Macro Fund.

PropTech startup Brickowner has smashed its crowdfunding target on Seedrs

Having reaped huge success with crowdfunding in the past, Brickowner has now returned to Seedrs for an additional cash injection.

Lendahand reaches ?1m target for its crowdfunding on Seedrs

Lendahand, which is a crowdfunding platform for impact investing, has hit the target ?1m of its own crowdfunding campaign.

Investing app Freetrade has raised ?6.45m on Crowdcube so far

Freetrade has crushed its ?1m target in a new crowdfunding round for 4.41% of equity at a ?140m pre-money valuation.

The SEC opens up crowdfunding rules to help businesses survive COVID-19

As the coronavirus is continuously making the situation more dire for businesses, the Securities and Exchange Commission (SEC) has offered them a potential lifeline by providing temporary, conditional relief by easing the US’ crowdfunding rules.

Funding Societies said to raise $40m despite making staff cuts

Singaporean P2P lending platform Funding Societies has allegedly secured $40m in its Series C, despite the coronavirus forcing it to downsize.

23 FinTech investment rounds to make the news over the past seven days

Stripe's whooping $600m Series G expansion wasn't the only investment round completed by a FinTech company over the last week.

InsurTech startup honcho closes £1.2m round supported by crowdfunding and established investors

UK-based startup honcho has closed another successful round by combining crowdfunding and the backing of established investors such as Insurtech Gateway, Business Durham and the North East Development Capital Fund.

Fundraising platform CrowdPouch closes angel investment round

India-based crowdfunding platform CrowdPouch has closed an angel investment round after a successful first year of operations.

Wefunder launches business loans to help startups survive the coronavirus crisis

Investment crowdfunding company Wefunder has announced a Coronavirus Crisis Loan programme to provide businesses with a strong cashflow through the COVID-19 crisis.
Load more

Latest Analysis

News Stories

Diverse week for FinTech as $1.1bn raised across 17 deals

Diverse week for FinTech as $1.1bn raised across 17 deals

It was a diverse week for FinTech funding, with deals closing across nine different countries.  There were a total of 17 FinTech funding rounds covered...
Sift enhances fraud insights with new metrics in industry benchmark tool

Sift enhances fraud insights with new metrics in industry benchmark tool

Sift, a leading AI-powered fraud prevention platform, has introduced significant updates to its Fraud Industry Benchmarking Resource (FIBR), a free online tool designed to provide key fraud metrics across various industries, geographies, and timeframes.
Bitsight acquires Cybersixgill in $115m deal to enhance cyber threat intelligence

Bitsight acquires Cybersixgill in $115m deal to enhance cyber threat intelligence

Bitsight, a global leader in cyber risk management, has announced its $115m acquisition of Cybersixgill, a prominent cyber threat intelligence (CTI) provider. This strategic move...
FinCEN issues alert on deepfake fraud schemes targeting financial institutions

FinCEN issues alert on deepfake fraud schemes targeting financial institutions

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a critical alert to assist financial institutions in identifying and addressing fraud schemes involving deepfake media created with generative AI (GenAI) tools.
change communication methods during a verification check.Some identity verification solutions may also flag possible attempts to circumvent verification checks, such as the use of third-party webcam plugins, which can let a customer display previously generated video rather than live video. Use of Deepfake Media in Phishing Attacks and Scams Criminals may also target financial institution customers and employees through sophisticated, GenAI-enabled social engineering attempts in support of other scams and fraud typologies, such as business email compromise (BEC) schemes, spear phishing attacks, elder financial exploitation, romance scams, and virtual currency investment scams.24For example, in family emergency schemes, scammers may use deepfake voices or videos to impersonate a victim’s family member, friend, or other trusted individual.25Similarly, criminals have reportedly used GenAI tools to target companies by impersonating an executive or other trusted employee and then instructing victims to transfer large sums or make payments to accounts ultimately under the scammer’s control.26 Financial Red Flag Indicators of Deepfake Media Abuse FinCEN identified the following red flag indicators to help financial institutions detect, prevent, and report potential suspicious activity related to the use of GenAI tools for illicit purposes.As no single red flag is necessarily indicative of illicit or suspicious activity, financial institutions should consider the surrounding facts and circumstances before determining whether a specific transaction is suspicious or associated with illicit use of GenAI tools. A customer’s photo is internally inconsistent (e.g., shows visual tells of being altered) or is inconsistent with their other identifying information (e.g., a customer’s date of birth indicates that they are much older or younger than the photo would suggest). A customer presents multiple identity documents that are inconsistent with each other.

Folks Finance secures $3.2m in Series A to advance crosschain DeFi solutions

Folks Finance, a DeFi platform specialising in lending, borrowing, and managing digital assets across multiple blockchains, has announced it raised $3.2m in an oversubscribed Series A funding round.
© FinTech Global © Copyright 2024. All rights reserved.

Technology partner
Advanced Vision IT

120,000+ FinTech leaders get exclusive industry stories delivered every week

Download the free AIFinTech100 report

FREE

Download the AIFinTech100 report for 2024 with details on each solution