Institutional Investment & Trading

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.

Electronic trading platform AX Trading Network has raised $20m in a round of venture funding. The investors and terms of the deal are undisclosed.

Mercado Bitcoin, the largest bitcoin exchange in Brazil, raised $200m in a Series B round from the SoftBank Latin America Fund.

Direct-to-consumer investing platform Yieldstreet has closed a $400m credit facility from Monroe Capital.

Chinese carmaker Geely Group is increasing its stake in Saxo Bank to more than 50 per cent, with Nordic financial services company Sampo Group...

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.

Kidbrooke, a financial analytics API developer, has partnered with HAYAH Insurance to provide the company with its financial simulation engine.

TS Imagine, a premier global provider specializing in trading, portfolio, and risk management solutions for financial institutions, has joined forces with Kayenta, an acclaimed...

The capital markets platform iSTOX may have become the first one-stop digitised securities issuance, custody and trading platform to be approved and licensed by a major regulator after graduating from the Monetary Authority of Singapore (MAS)'s Fintech Regulatory Sandbox.

Switzerland-based Algo Trader has reportedly nabbed CHF 1.4m ($1.4m) in a round led by NeueCapital Partners.