Sector Updates

TransFICC, which offers low-latency connectivity and workflow services for fixed income and derivatives markets, has scored $17m in its Series A extension.

WealthTech startup beatvest, a mobile app designed to help people get involved with investing, has reportedly collected €1.3m in seed financing.

Dublin-based peer-to-peer payments app Plynk has pocketed €25m in one of the largest Series A rounds raised by an Irish company.

The Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA) and the Bank of England (BofE) has launched a paper aiming to boost diversity and inclusion in finance.

Virginia-based cybersecurity firm SafeGuard Cyber has secured $45m in equity and debt financing to help expand its reach in the digital risk protection market.

Mobile apps have become indispensable tools for insurance agents, revolutionising their workflows and boosting customer service. Among the valuable features that insurance agent apps offer, the ability to scan ID documents on the go stands out. Scanbot SDK explores the advantages of mobile document scanning for insurance professionals and how you can seamlessly integrate it into your app.

Cybersecurity developer Elevate Security has secured $8m in its Series A to support creating of a fully integrated security behaviour system.

Global payroll and payment platform Papaya Global has received a strategic investment from Group11.

Geosapiens, a Canadian company specialising in flood risk modelling and analysis, has closed its first round of financing with an investment from Co-operators.

The UK government has unveiled proposals to put cryptoassets into the same regulatory regime as traditional financial services.