Sector Updates

Accounting automation platform Vic.ai closes Series B

Vic.ai, an AI platform for autonomous accounting and financial intelligence, has collected $50m in its Series B funding round.

Donut bites into new $2m round to make DeFi investing mainstream

Mobile app to save and earn high yield with DeFi Donut closed a $2m funding round, bringing Donut’s total funding to date to $3.8m.

US vs EMEA: How does RegTech adoption and customer experience compare?

With the pandemic leading to a great migration online for many who previously wouldn’t have considered it, an opportunity has provided itself to RegTech companies in key markets to make the most of the new normal.

Nigeria-based Cowrywise said to raise $3m in its pre-Series A round

Nigerian FinTech company Cowrywise has reportedly raised $3m in its pre-Series A round, which was led by Quona Capital.
wealth

UK wealth sector faces £3.8m in penalties amidst new regulations

The UK wealth management sector has faced significant financial repercussions this year, accumulating £3.8m in fines from the FCA.
Scope 3

BCG survey reveals big jump in partial Scope 3 emissions disclosure

A recent survey has found over 50% of companies are now reporting at least some of their Scope 3 value chain emissions.

Golden Gate launches dedicated crypto/blockchain venture firm LuneX

Singapore-based Golden Gate has launched LuneX Ventures, a cryptocurrency and blockchain-focused investment vehicle.

Lunar removes deposit limits and introduce monthly returns

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.

Argyle nets $2.6m in seed round from Checkr and Bain Capital

Argyle, an infrastructure company which helps businesses access workforce data, has netted $2.6m in its seed funding round.

Former Wirecard CEO Markus Braun arrested again for his alleged part of a multi-billion...

Markus Braun, the former top boss at disgraced FinTech giant Wirecard, has been arrested for a second time in Munich for his alleged role in a multi-year fraud.

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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