Sector Updates

Laka, a provider of bike insurance, has raised $4.7m in funding to help it expand across Europe.

A report by Lloyds Bank has found more UK banks are targeting collaboration and acquisitions with FinTech firms to strengthen their position in the growing market.

Mobile money management platform Bankin' has closed a new equity financing round on €20m to boost development.

The EBA has recently initiated a consultation on proposed guidelines focused on ESG risk management in the banking sector.

Africa-based blockchain payments platform BitPersa has secured a Series A investment led by Greycroft.

Visa and Mastercard have cut ties with Pornhub after both payment providers investigated allegations of child sexual abuse.

Open banking maturity is growing across Europe, with the UK leading the charge for the second consecutive year, research from Yapily claims.

Gradient AI, an enterprise software provider of artificial intelligence (AI) solutions for the insurance industry, has launched a turnkey solution WriteSpeed to allow workers’ compensation insurers to deploy AI-enabled underwriting.

From: RegTech Analyst Digital identity platform Onfido will support the onboarding and know your customer (KYC) processes of UK cryptocurrency banking app Mode. The partnership enables Mode...

Retail traders and investors social network TradingView has secured $298m in financing from Tiger Global, bumping up its overall value to $3bn.