Infrastructure & Enterprise Software

Jiko, a cash management FinTech, has raised $40m in Series B funding to empower businesses of all sizes to store their cash in higher yielding spendable T-bills.

KPMG has become the latest financial institution to enter the metaverse with the launch of a collaboration hub.

Adaptive, a startup on a mission to save construction teams time and money, has raised $7.25m in a seed round led by Andreessen Horowitz (a16z).

Banking-as-a-service platform Griffin has raised $15.5m in fresh funding to support the launch of the operating system for embedded finance.

Peakflo, which develops automation software to streamline invoicing, has nabbed $4.1m in its seed round.

OpenFin, which provides financial institutions with the tools to improve productivity, has secured a strategic investment from ING Ventures.

Sonovate, a developer of embedded finance and payment solutions for the contingent workforce, has bagged £165m in a securitisation deal.

Payment management platform Finli has collected $6m in its seed funding round, which was led by Urban Innovation Fund.

Nigerian FinTech Moove has secured $20m from British International Investment (BII), the UK government’s Development Finance Institution (DFI).

Yonder, a challenger credit card provider, has entered the travel insurance sector with a product that covers various travel disruptions including flight cancellations.