Infrastructure & Enterprise Software

Estonian core banking provider Modularbank has teamed with identity verification software company and compatriot Veriff to boost its compliance and know-your-customer (KYC) offering.

Delhi-based FinTech BankSathi Technologies raised $200,000 in a seed funding round from a group of angel investors.

Swiss banking technology firm Temenos will be able to offer money transfers on its platform following an agreement with FinTech juggernaut Wise.

US AI-powered investment management platform Vise has raised $65m in a Series C funding round led by Ribbit Capital.

Tech infrastructure provider for financial institutions Amount entered the unicorn club after it netted $99m in a Series D round.

The SmartStream Reference Data Utility (RDU) was founded with Tier 1 partner banks to help them improve operational control, cut cost and comply accurately with the regulators. In a short space of time, the company has already onboarded an extensive list of clients for its reference data services, but it plans to go one step further by extending its offering with an instantly deployable suite of APIs.

A spin-off of Dutch bank Rabobank has closed its Series A funding round following investment from its parent company and cross border payments specialist OFX.

US FinTech Clair has partnered with sponsor bank MetaBank and payments processor Galileo to bolster user accessibility on its platform.

Early-stage investors’ platform Mumbai Angels Network has reportedly invested an undisclosed amount in cloud-based neobank Nemo.

From crypto startups raising millions despite Elon Musk pulling out of the bitcoin frenzy to subscription-based firms capitalising on the Covid-19 crisis, this is what you can learn from the 40 FinTech funding rounds of last week.