Sector Updates

Property and casualty insurer Chubb has acquired StreamLabs to improve its waterflow monitoring and claims capabilities.

Neobank Jupiter raised $45m in a new financing round as the startup gears up for its platform’s public launch in about a month.

Voice assistant-powered e-commerce transaction values are expected to reach 19.4bn by 2023, an increase from just $4.6bn in 2021.

FinTech trust company Reserve Trust, which has a Federal Reserve master account, secured a $30.5m Series A investment in a round led by QED Investors.

E-commerce startup that powers cashback for online social sharing recommendations Wildfire Systems landed $15m in its first round of venture capital funding co-led by TTV Capital and QED Investors.

Silicon Valley AI-powered finance concierge startup Zeni raised $34m in Series B funding after witnessing a 550% revenue growth year-over-year.

Transaction monitoring platform Sentinels has formed a deal with TerraPay, marking its first partnership with a B2B payments and remittance company.

A report by payments solution provider Moorwand has detailed that FinTechs who outsource to partners can generate almost £1m in additional revenue.

Naspers, through its early-stage tech investment vehicle Naspers Foundry, led a $8.3m investment in Naked, an InsurTech company that offers a digital way for consumers to insure their cars, homes, and valuables.

A recent whitepaper by Celent has provided financial institutions (FIs) with tips on how to bolster their adverse media screening coverage to combat financial crime.