Sector Updates

The Advertising Futures and Options Exchange (AFOX) platform has released new services which will enable media and advertising contracts to be tokenised.

A recent whitepaper by InsurTech firm Akur8 has provided insights into how the Financial Conduct Authority’s (FCA) price walking ban could impact the insurance industry.

Cross-border payments solution Geoswift has partnered with Bank of Shanghai to launch a remittance service later this year.

Pagos announced two additional services that are set to redefine how businesses utilise their payments data. These services, known as Flamingo and Puffin, offer groundbreaking solutions for payments performance benchmarking and the aggregation and harmonisation of data streams into comprehensive, downloadable reports.

Klarna's losses grew sevenfold in the first six months of 2020 and now its ongoing conflict with the Swedish government has taken another turn.

AI-based fraud detection firm Feedzai has landed a $200m round of funding with a valuation of over $1bn.

Real estate-backed loan investment platform PeerStreet has raised $15m in a Series A round led by Silicon Valley heavyweight Andreessen Horowitz.

Veteran fintech-focused investment house TTV Capital has struck a $127m final close for its fifth fundraise.

New York InsurTech startup Oscar is hiring Shaden Marzouk as its new chief medical officer. A neurosurgeon and US army veteran, Marzouk will replace Aran Ron in the role.

Indonesia’s digital lending giant, Investree, is on the brink of clinching a significant series D funding, amassing up to 220 million euros ($230.8m) via the establishment of a new joint venture based in Doha.