Sector Updates

Thailand-based real estate marketplace Hipflat has reportedly closed an undisclosed investment from Aucfan.

Group lending app ElGameya has reportedly bagged six-figure pre-seed investment from an angel syndicate.

The UK City watchdog has fined independent financial advice firm LJ Financial Planning (LJFP) for providing its customers with unsuitable pension switching and transfer advice and failing to manage its conflicts of interest.

Blockchain platform CyberMiles has closed its ICO on nearly $30m, in less than a day making it one of the quickest token sales to be completed.

Syndio, which aims to empower employers to eradicate unlawful pay disparities due to gender, race, and ethnicity, has collected $17.1m in its Series B.

To become a successful payments FinTech in Latin America, it heavily relies on the ability to support local transaction options, according to Simon Davies, the managing director of EBANX in the United Kingdom.

Predictive analytics and machine learning company Univfy has closed a $6m Series A funding round led by Rethink Impact.

AI-powered software developer Guidewire has revealed that Google Cloud, Celonis, Hubio and Amazon Web Services (AWS) have joined its PartnerConnect Solution Alliance Program as new data partners.

Automotive and IoT security firm Karamba Security has secured $10m in extra funding from an extended Series B round.

In 2024, insurance companies are at the forefront of digital transformation, leveraging cutting-edge technologies to reshape the industry landscape. As consumer expectations evolve and technology continues to advance, insurers are embracing innovative strategies to enhance efficiency, personalisation, and overall customer satisfaction.