Infrastructure & Enterprise Software

While Covid-19 continues to haunt us, the FinTech industry continues to rake in millions of dollars. Neobanks and cybersecurity companies were the top-scoring sectors to raise investment among the 42 rounds that FinTech Global reported on last week.

France-based TagPay, which offers a open core banking system for financial service providers, has collected €25m in its latest funding round.

US FinTech Stavvy has secured $40m from a Series A financing round led by Morningside Technology Ventures.

A Bank for International Settlements (BIS) survey has found US citizens trust banks more than FinTechs, government agencies and Big Data to protect their personal data.

Columbian buy now, pay later (BNPL) firm Addi has snared $65m in debt and equity funding.

Ireland-based provider of e-commerce growth platform Wayflyer scored $76m in Series A funding.

Mexican card and spend management company Clara has closed a $30m Series A round led by DST Global Partners.

All-in-one financial platform for freight and logistics companies Axle closed its Series A round on $10m.

The BNPL market has seen a financial boon in recent years, creating market leading behemoths like Klarna, Affirm and Afterpay – who are all recording strong growth on the back of clear market demand. Could a growing call for regulation in the sector change this?

A biodiversity module has been introduced to help financial institutions (FIs) explore to what extent their portfolios may impact species extinction and ecological integrity.