Infrastructure & Enterprise Software

Birmingham-based FinTech firm Immediate raised $15.5m in a fresh capital raise to help more employees overcome the challenges and burdens of financial stress through elective access to earned pay.

Canadian FinTech and certified credit card issuer Brim Financial secured $25m in a Series B round co-led by Desjardins Group and EPIC Ventures.

In a bid to encourage the mainstream adoption of cashless transactions, India-based banking group Axis Bank launched its own range of wearable contactless payment devices, called Wear N Pay.

PayFit, which aims to simplify payroll and human resource management for all European SMEs, has collected €90m in its Series D round.

Genesis, a low-code application platform for financial markets, has scored $45m in its Series B.

Cryptocurrency-focused enterprises, cybersecurity firms, challenger banks and InsurTechs were among the big winners of the 31 FinTech funding rounds reported last week.

Zeller, which offers an alternative to business banking, has reportedly revealed that it collected $25m in its Series A last year.

upSWOT, which helps financial institutions improve services to small and medium enterprises, has bagged $4.3m in its seed round.

Small business payment and accounting services platform Autobooks raised $25m in Series B financing.

British banks lead in boardroom technology experience compared to global competitors, Accenture research revealed.