Sector Updates

Aqua Security, a trailblazer in cloud-native security, today announced a significant financial milestone, securing $60m in additional funding.

Digital bank N26 has formed a partnership with scooter rental company Lime.

The CFPB has made a move to bring larger nonbank entities, such as Big Tech companies offering digital wallets and payment apps, under its supervisory scope.

Fintecture, a B2B payment platform, has raised €36m in its Series A round, as it looks to grow its team.

Money transfer platform TransferWise has closed a $280m investment round led by Old Mutual Global Investors and IVP.

Sukuk, also known as Islamic bonds, offer a unique investment avenue that adheres to Sharia, the Islamic law. 

The Financial Conduct Authority (FCA) has disclosed its findings from a review of 14 fair value frameworks ahead of the Consumer Duty implementation in less than three months. RegTech platform Novatus Advisory has reviewed this and outlined the key takeaways for firms. 

Swedish FinTech Tink has completed its acquisition of the Spanish account aggregation provider Eurobits Technologies.

Re, a blockchain-powered reinsurer, has raised $14m in seed funding to build a decentralised global reinsurance market.

Grip Invest, an alternative investment platform, has successfully raised $10m in its latest funding round. The round was a mix of equity and debt, spearheaded by Stride Ventures.