Sector Updates

In today’s dynamic landscape, traditional insurance models are often lagging behind newer digitalised solutions, leaving consumers and businesses vulnerable to gaps in coverage and cumbersome policy management. Enter embedded insurance: a forward-thinking solution seamlessly integrating insurance products into existing platforms and transactions, revolutionising the way we protect assets and mitigate risks. But why is it becoming increasingly indispensable in our modern world?

Challenger bank Zenus Bank has been permitted to act as a bank, taking it one step closer to its stated goal of enabling remote banking access for people around the world.

Cybersecurity platform Spyderbat has raised $2.4m in its seed funding round, which was led by LiveOak Venture Partners and Benhamou Global Ventures.

Gecko Governance, the developer of the world first Blockchain solution for financial services regulatory compliance, has raised $1m in seed financing.

Russian online medical insurance platform BestDoctor has bagged $4.5m in a round led by Addventure and Target Global.

Regenerate, an asset management firm striving to mitigate climate change and protect biodiversity, has received a sustainability boost.

Wib, a cybersecurity firm focused on API security, has landed $16m in a funding round led by Koch Disruptive Technologies.

N26 employees have set up a works council despite their employer arguing it would stand "against almost all values we believe in" and filing injunctions to prevent it from coming into existence in what is proving to be a messy affair.

Credit union application developer CULedger has netted $8.5m for its Series A round of funding, so far.

RegTech startup Naq, an automated data compliance and due diligence platform, has secured $1.5m in its seed funding round.