Sector Updates

Account-to-account payments platform Vyne has closed its seed round on $15.5m in funding, in what it claims to be the biggest seed round of any UK open banking startup.

A study by cybersecurity firm Tenable has found that 72% of UK firms have attributed recent cyberattacks to vulnerabilities in technology put in place during the pandemic.

A climate stress test by the European Central Bank (ECB) has found firms based in areas most open to physical risk could see their creditworthiness impacted by climate change.

Cyber insurance platform BOXX has collected $10m in its Series A funding round, as it looks to expand its international footprint.

Customers that have “better than expected” onboarding experiences are more likely to remain loyal to a brand and acquire more products than consumers suffering from bad experiences.

A survey by open banking platform Tink has found that four in ten executives believe it will take their organisation between 5-10 years to fully implement open banking.

Climate change is one of the biggest challenges we face. While policies like the Paris Agreement attempt to change the world to have a net-zero emissions impact, there are still billions of dollars invested each year into harmful industries, such as fossil fuels. As pressure on climate change rises, could firms start to focus more on ESG funds?

FinTech firm PayU has partnered with identity management company AU10TIX to help streamline its screening and onboarding process.

Pay-per-mile insurance technology developer Just insure has netted $8m in a funding round, which will help it move into additional US states.

UK e-wallet platform Swapi had raised £860,000 from a pre-seed funding round that included Trampoline Ventures.