Sector Updates

Digital pay-as-you-go insurance provider DeadHappy have raised a £4m Series A round from venture capital firms e.ventures and Octopus Ventures.

Cryptocurrency startup Fold has added support for fiat currencies, government issued money that is not backed by a commodity, to its service that allows people to shop and get bitcoin-back rewards.

The UK branch of the Spanish bank Santander has enlisted the services of cloud-banking developer nCino to refresh some of its systems.

UK bank TSB has partnered with Vocalink, a Mastercard company, to deliver confirmation of payee for its customers.

Having only launched in April 2019, challenger bank Mercury has already raised a $20m Series A round to fuel its growth as it aims to support tech startups.

The banking industry experienced a 14% jump in attempted fraud in the first half of the year, compared to 2018.

With $42m extra in the bank, Beyond Pricing is set to scale its automated pricing offering for Airbnb and other vacation rental sites.

Pennsylvania-headquartered Altoona First Savings Bank has chosen FinTech and RegTech developer Computer Services, Inc. (CSI), to increase its operational efficiencies and strengthen its regulatory compliance initiatives related to cybersecurity and IT risk management.

Germany-based omni:us has been given €1.6m ($1.7m) by the European Commission to keep developing its machine-learning powered insurance claim platform.

The British FinTech unicorn Transferwise is going across the pond to offer its international payments technology to American customers.