Balance Re secures $10m from Anthemis-led Series A
Life reinsurance company Balance Re has raised $10m from a Series A funding round led by Anthemis Group.
Value of AML fines grow fivefold in 2020
There were 45 fines for AML failures issued globally during 2020, which matched the levels of 2019, and 2021 looks set to match this figure, according to a report from Kroll.
InsurTech market expected to generate over $158bn by 2030
A report published by Allied Market Research has detailed that the InsurTech market is expected to garner $158.99bn globally by 2030.
FinTech Collective closes pair of funds on $250m
Venture Capital firm FinTech Collective has closed a pair of funds, which have a combined value of $250m and will invest into FinTechs around the world.
PayPal to allow UK users buy, hold and sell cryptocurrencies
PayPal’s UK customers can buy, sell, and hold Bitcoin, Ethereum, Bitcoin Cash and Litecoin.
Private equity firm sells Utimaco Verwaltungs
Private equity firm EQT has sold Utimaco Verwaltungs, a developer of cybersecurity solution, to alternative asset manager SGT Capital.
Klarna expands European presence with Poland launch
Buy now, pay later (BNPL) firm Klarna teamed with H&M to launch its app and its Pay in 30 days BNPL option in the Polish market.
Payroll management company CloudPay raises $58m
CloudPay, which connects payroll systems, has netted $58m in a new funding round to help bolster its position in the market.
Drake-backed FinTech Aspiration set for IPO through SPAC merger
Sustainable FinTech platform Aspiration is set to go public through a $2.3bn merger with special purpose acquisition company InterPrivate III Financial Partners.
DriveWealth reaches $2.85bn valuation after round close
DriveWealth Holdings, a fractional trading and embedded finance platform, has collected $450m in its Series D round, putting its valuation at $2.85bn.
© FinTech Global © Copyright 2024. All rights reserved.
