Sector Updates

SYNNEX adds cybersecurity tools through Sophos

SYNNEX, a business process services company, has added to its cybersecurity capabilities through the addition of Sophos.

Spin Technology releases cyber liability insurance product

Spin Technology has released a cyber liability insurance service to help companies cope with the rising threats online.
Philippine neobank Zed introduces pioneering "no-fee" credit card, securing $6m in funding

Philippine neobank Zed introduces pioneering “no-fee” credit card, securing $6m in funding

Philippine neobank Zed introduces pioneering "no-fee" credit card, securing $6m in funding
fintech insurtech wealthtech regtech ai cybertech esg news

H.I.G. Capital acquires software developer Velocity Solutions

Velocity Solutions, a software developer for banks, has been acquired by private equity firm H.I.G. Capital.
Investing-app-Hedgehog-exceeds-crowdfunding-target-wealthtech

Investing app Hedgehog exceeds crowdfunding target

?Hedgehog, an investing app that integrates with blockchain, has exceeded the target of its crowdfunding campaign. The company has raised ?1.1m, so far

Simply Business teams up with Cerity to boost digital-first workers’ compensation insurance

Simply Business, a Boston-based digital insurance firm catering to small businesses, has declared a new collaboration with Cerity, a leading provider of digital-first, direct-to-consumer workers' compensation insurance policies.

Tesseract closes “heavily oversubscribed” Series A on $25m

Tesseract has closed its “heavily oversubscribed” Series A funding round on $25m, with Augmentum Fintech serving as the lead investor.

Virgin Money teams up with Expend to bolster business banking

Virgin Money has established a partnership with Expend enabling it to add expense management services to its business banking proposition.

SellersFunding has begun to lend to e-commerce startups in Canada and the UK

New York-based SellersFunding is expanding its data-driven alternative lending platform’s offerings to SMEs in Canada and Britain.

FCA to CEOs: “We expect you to act to prevent harm to your clients”

The Financial Conduct Authority (FCA) has issued an open letter telling CEOs that the regulator expects them "to prevent harm to your clients" in times of Covid-19.

News Stories

FinTech

Another strong week for FinTechs with 26 deals recorded

FinTech Global reported on another powerful week in the FinTech sector, with a total of $783m raised across 26 deals.   This top performing deal...
FutureMoney launches micro-investing app to help families secure financial future

FutureMoney launches micro-investing app to help families secure financial future

FutureMoney, a FinTech company founded by industry veterans, has launched a new micro-investing platform aimed at helping families build generational wealth.
Camwood and Pentaho team up to enhance data analytics capabilities

Camwood and Pentaho team up to enhance data analytics capabilities

Camwood, a leading IT consultancy specialising in digital evolution through the lens of applications, has partnered with Pentaho, a subsidiary of the Japanese multinational conglomerate Hitachi, to bring its data analytics platform to market via a new managed services offering.
Erste Bank Hungary introduces innovative flight delay insurance with Companjon

Erste Bank Hungary introduces innovative flight delay insurance with Companjon

Erste Bank Hungary has launched Flight Delay Insurance, a new service available to its customers in the George app.
Dwolla partners with Visa to enhance account verification in pay by bank

Dwolla partners with Visa to enhance account verification in pay by bank

Dwolla, a leading U.S.-based account-to-account (A2A) payment solution provider, has announced a strategic collaboration with Visa, a world leader in digital payments.

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