Sector Updates

Tractable helps Sara Assicurazioni become first Italian insurer to leverage AI for vehicle damage...

Sara Assicurazioni has become the first Italian insurance firm to leverage AI to enhance vehicle damage assessments and estimates, thanks to a deal with InsurTech100 company Tractable.

Digidentity launches remote identification tools

Digidentity has released a new remote identification tool suite to help clients improve their identification checks when face-to-face meeting is not possible.

Carbon, Visa enter five-year partnership to support payments across Africa

African FinTech Carbon has entered a five-year strategic alliance with Visa to provide digital and physical issuance of Visa cards to its customers on the continent.

Indian cricket captain Virat Kohli-backed Digit insurance hits $3.5bn value after fresh funding

Bengaluru-based general insurance company offering health, car, bike, and travel insurance Digit Insurance valued at $3.5bn after raising $200m led by Faering Capital.

Revolut in talks with SoftBank for investment at $30bn valuation

Revolut is reportedly in talks with SoftBank’s Vision Fund 2 about participating in a fundraising effort that could value the banking and payment app at more than $30bn, Sky News reported.

Sevco launches cloud security platform following $15m Series A

US firm Sevco Security has officially introduced its cloud-native security asset intelligence platform after it raised $15m in a Series A funding round.

Klarna backer launches new VC enterprise to fill seed funding gap

The co-founder of European VC Atomico Mattias Ljungman has launched Moonfire Ventures – a VC aimed at providing seed stage funding for FinTechs among others.

The 29 FinTech rounds raised last week prove that crypto firms and InsurTechs will...

The FinTech space continues to grow with no sign of slowing down and the 29 rounds raised week prove that, with cryptocurrency companies and InsurTechs being the leading sub-sectors.

Kaseya hit by one of the largest cyberattacks in history with REvil hack

US IT provider Kaseya has become the latest in a growing line of organisations to suffer a cyberattack at the hands of the REvil ransomware group.

RoofMarketplace said to raise $1.1m in its seed round

RoofMarketplace has reportedly netted $1.1m in its seed funding round to support its national expansion.

News Stories

FinTech

Another strong week for FinTechs with 26 deals recorded

FinTech Global reported on another powerful week in the FinTech sector, with a total of $783m raised across 26 deals.   This top performing deal...
FutureMoney launches micro-investing app to help families secure financial future

FutureMoney launches micro-investing app to help families secure financial future

FutureMoney, a FinTech company founded by industry veterans, has launched a new micro-investing platform aimed at helping families build generational wealth.
Camwood and Pentaho team up to enhance data analytics capabilities

Camwood and Pentaho team up to enhance data analytics capabilities

Camwood, a leading IT consultancy specialising in digital evolution through the lens of applications, has partnered with Pentaho, a subsidiary of the Japanese multinational conglomerate Hitachi, to bring its data analytics platform to market via a new managed services offering.
Erste Bank Hungary introduces innovative flight delay insurance with Companjon

Erste Bank Hungary introduces innovative flight delay insurance with Companjon

Erste Bank Hungary has launched Flight Delay Insurance, a new service available to its customers in the George app.
Dwolla partners with Visa to enhance account verification in pay by bank

Dwolla partners with Visa to enhance account verification in pay by bank

Dwolla, a leading U.S.-based account-to-account (A2A) payment solution provider, has announced a strategic collaboration with Visa, a world leader in digital payments.

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