Sector Updates

CyberFortress bags $3m to help boost cyber insurance cover for SMEs

CyberFortress, an insurance platform protecting e-commerce companies from cyber threats, has bagged $3m in a seed round.

ECB top: “Libra has undoubtedly been a wakeup call for central banks and policymakers”

Benoît Cœuré, executive board member of the European Central Bank, has told the German Bundestag that stablecoins like Facebook’s Libra initiative come with both risks and opportunities.

Identity platform Axuall collects $3m in seed funding

Axuall, a digital network for verifying identity, credentials, and authenticity in real-time, has collected $3m in seed funding.

Cin7 receives strategic investment from a private equity firm

Cin7, a cloud-based inventory management software and POS solution provider, has received a strategic investment from US private equity firm Rubicon Technology Partners.

Dutch bank ABN Amro investigated for alleged money laundering

Having anti-money laundering procedures in place have become increasingly important over the past few years. However, it seems ABN Amro may have failed in this regard.

Kik shuts down its messaging app amidst a SEC cryptocurrency lawsuit

Canadian messaging app Kik is closing so that the company can focus on its cryptocurrency Kin, which is front and centre of a US Securities and Exchange Commission (SEC) lawsuit.

Credit decisions platform Flowcast secures €3m in Series A funding

Flowcast, which leverages AI technology to make smart credit decisions, has secured $3m in Series A funding. ING Ventures and BitRock Capital led the round,...

InsurTech and risk analytics startup Arceo.ai closes $37m funding round led by Lightspeed Venture...

Arceo.ai, the cyber risk analytics and insurance platform provider, has secured $37m to keep bridging the gap between cybersecurity and insurance.

Cowbell Cyber raises $3.3m in seed funding

Cowbell Cyber, an AI-powered cyber insurance for small and mid-sized enterprises, has collected $3.3m in its seed funding round.

OneLogin launches new cybersecurity solution Shield to defend against breaches caused by bad password...

Cybersecurity company OneLogin has introduced Shield, its latest addition to its digital defence portfolio.

News Stories

Over $3bn raised in this week's 29 FinTech funding rounds

Over $3bn raised in this week’s 29 FinTech funding rounds

Over $3bn was raised by FinTech companies this week, supercharged by a colossal €1.5bn raised by UK-based SumUp. 
Intellect Design Arena welcomes Rajesh Mehta to enhance transaction banking strategy

Intellect Design Arena welcomes Rajesh Mehta to enhance transaction banking strategy

Intellect Design Arena, a pioneering FinTech company known for its cloud-native, API-led microservices-based multi-product platforms, has appointed Rajesh Mehta to its Growth Advisory Board.
League data and Mambu revolutionize Canadian credit unions with new digital banking platform

League data and Mambu revolutionize Canadian credit unions with new digital banking platform

League Data and Mambu have embarked on a groundbreaking journey to transform the Canadian financial landscape by introducing advanced cloud banking solutions to credit unions.
Fingerprint and Oscilar unite to enhance fraud prevention in FinTech

Fingerprint and Oscilar unite to enhance fraud prevention in FinTech

Fingerprint, known as the world's most accurate device intelligence platform, is partnering with Oscilar, a leader in AI-driven risk and fraud management.
Open English and dLocal forge strategic partnership to revolutionise local payments in emerging markets

Open English and dLocal forge strategic partnership to revolutionise local payments in emerging markets

Open English, an online English-learning platform operating in over 30 countries, and dLocal, a leading cross-border payment platform specializing in high-growth markets, have recently announced a significant partnership.

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