Institutional Investment & Trading

New York-based investment app Stash has raised $25m in its Series B round. Valar Ventures led the round with Breyer Capital, Goodwater Capital and Entrée Capital participating.

The Monetary Authority of Singapore (MAS) has launched several initiatives to boost the adoption of its new interest benchmark.

Unbox, an innovative FinTech company, has recently announced the closure of its Series A funding round, amassing a significant €12m.

The Bahrain Economic Development Board and FinTech Consortium have launched Bahrain FinTech Bay, a FinTech hub dedicated to the Middle East and Africa.

AXA Strategic Ventures has closed its debut fund of funds vehicle on €150m ($175m), which will back ‘FinTech/InsurTech funds, as well as sector-agnostic VC funds globally’, according to AXA Strategic Ventures principal Dominic Maier.

Following her retirement, tennis star Serena Williams’ has said she will focus on her venture capital firm Serena Ventures, which backs a variety of companies including FinTechs and InsurTechs, many of which are owned by women and people of colour.

Denmark's 100% digital bank, Lunar, has decided to offer positive interest rates on all types of accounts without any demands for tying up the funds.

Passthrough closed a $5m seed round, which the company said will help it provide fund workflow automation, simplifying fund closing.

FinTech investment firm Blackfin Capital has pulled in more than €100m at the first close of its second fundraise in two years.

Clear Street, which claims to be building better access to capital markets, has scored a $165m Series B to accelerate the launch of its platform.