Sector Updates

Electronic communication monitoring RegTech platform Shield has partnered with TeleMessage to enable the direct capture and storage of mobile and WhatsApp voice and chat messaging.

Zero trust cybersecurity company Xage has raised additional funding from Chevron Technology Ventures.

Vonage, a global front-runner in cloud communications aiding businesses to fast-track their digital transformation, has joined forces with Meta, the parent company of WhatsApp. Together they aim to introduce payments through the messaging platform in Singapore.

Singapore-based auto marketplace Carro has picked up $12m in funding to pump into its FinTech division. The round’s lead investor is undisclosed.

Southeast Asian digital bank TONIK Financial has netted $6m in its funding round which was led by Insignia Ventures Partners and Credence Partners.

UK-based cybersecurity startup Risk Ledger has raised £2.1m in its seed round, as it hopes to continue its 18-month strong growth period.

Members of the European Crowdfunding Network have written an open letter to the member states of the European Council in support of a pan-EU regime for crowdfunding platforms.

Indonesia-based robo-advisor platform Bibit has reportedly bagged $30m in funding, bringing its total equity raised to $45m.

Evertree, a technology-enabled personal lines insurance agency, has partnered with investment firm Integrum Holdings to launched Evertree Insurance, an omni-channel personal lines insurance distribution platform.

Unlimited, which allows investors to access alternative investment strategies without the high costs commonly associated, has bagged $8m.