Sector Updates

Plinqit has closed its Series A round on $5m to support the development of its platform, which it claims is the only platform to pay users to learn about personal finances.

Germany-based subscription analytics platform ChartMogul has scored $2.2m funding led by Alven.

Security awareness company KnowBe4 has launched its new enhanced Phish Alert Button (PAB), which includes a “Language Aware” feature.

InsurTech company Groundbreaker has raised a $2m funding round led by Andrew Bluhm, son of real estate tycoon Neil Bluhm who owns Rivers Casino, Walton Street Capital and marquee Chicago properties.

Super apps have sparked a trend for companies to expand their product suite across verticals. As more companies look to implement financial services, there needs to be a simplified way of implementing new types of products. Stefan Willebrand –founder and co-CEO, and Erik Hagelin, co-CEO, at cloud financial services platform Bricknode - spoke to FinTech Global about why Bricknode was founded and became the building blocks for digital investment and lending products.

Mobile investing platform 8 Securities Group has secured $25m in its Series C round from Nomura Asset Management.

The Apple CEO Tim Cook announced that the tech titan is launching its credit card Apple Card in August during an earnings call discussing the business’s third quarter earnings.

PayTech platform Scalapay has become Europe’s latest unicorn, with it reaching the status after the close of a $497m Series B round.

Singapore-based banking chat application Active.ai has scored $8.25m in a Series A led by Vertex Ventures, Creditease Holdings and Dream Incubator.

Spain-based buguroo has launched its behavioural biometric 3D secure solution in the hopes of combatting card not present fraud.