Infrastructure & Enterprise Software

Open banking firm Zūm Rails has introduced a new set of anti-fraud tools to bolster the security of its Instant Deposit feature on its platform.

The People’s Bank of China (PBOC) has revealed it aims to fully launch the e-CNY digital currency by February 2022.

Flobiz, an Indian neobank for small-and-medium sized businesses in India, has secured $31m in funding from a Series B round.

SellersFunding has reportedly raised $166.5m in a sizable Series A round, which will bolster its international growth.

A report by Outseer has found the presence of rogue mobile banking apps increased 140% compared to the same time in 2020.

Zopa has found 4 in 10 UK consumers would use open banking to apply for credit if it boosted the chance of getting an offer or gave them access to better rates than banks.

Integrated Finance, a FinTech infrastructure platform, has netted ?2m in its seed funding round, which will bolster its platform development.

Workforce management platform Papaya Global has raised $250m from a Series D funding round led by Insight Partners and Tiger Global.

Nuula, which helps companies manage their cashflow, has collected $120m in a funding round comprised of debt and equity.

Lean has raised $4.5m in a seed round led by Inspired Capital that included participation from Atelier Ventures, Oceans Ventures and Acequia Capital to ensure gig and independent workers get access to financial products.