Sector Updates

TenureX, a banking software developer, has closed its seed funding round on $5m to grow the size of its network.

Chilean FinTech that provides an online financial services platform for SMBs Xepelin raised $30m in equity and $200m in credit facilities led by Kaszek Ventures with participation from DST Global.

Connected accounting cloud platform Lockstep has scored $10m in its Series A round, which was led by Point72 Ventures.

Microsoft has claimed a ransomware campaign employing bogus call centers to trick victims into downloading malware may be more dangerous than previously thought.

Matrixport, which claims to be one of Asia’s fastest growing digital asset platforms, has joined the unicorn club, after it closed a Series C round.

reThought Insurance, a digital MGA aimed at the flood insurance market, has closed its Series A round on $15.5m.

India has introduced the e-RUPI, which is a cashless and contactless digital payment system to support the global shift towards digital payments.

Amazon has been issued with a fine of $887m by a European privacy watchdog for breaching the bloc’s data protection laws.

Catch, a portable benefits platform for independent workers, has scored $12m in its Series A round, which was led by Crosslink Capital.

Online insurance platform Policybazaar has filed a draft red herring prospectus with the Securities Exchange Board of India (Sebi) to raise $809m via an initial public offering (IPO), becoming the fourth startup in the past two months from the South Asian market to explore public markets.