Westpac pumps $16.5m into three-month old mortgage startup
Australian bank Westpac is continuing to plough money into the region’s FinTech companies and investing $16.5m in online mortgage startup uno.
Eos Venture Partners launches dedicated InsurTech fund
As hype continues to build around the potential for startups to disrupt the insurance space Eos Venture Partners is launching as specialised fund dedicated to finding opportunities in InsurTech.
Stripe schmoozes developers by chugging down Tonic
Payments provider Stripe is broadening its appeal to developers with the acquisition of node prototyping service Tonic. The financial terms of the deal are undisclosed but Tonic is rebranding to Runkit.
Ant Financial ups its biometrics game with $70m EyeVerify buy
Alibaba FinTech subsidiary Ant Financial is boosting its biometric capabilities through the acquisition of Kansas City-based EyeVerify.
Point seizes $8.4m for debt-free home buying
Real estate financing startup Point has raised $8.4m in a Series A round of funding led by Andreessen Horowitz.
Almost 80% of financial advisors expect robo to disrupt industry
Automated and algorithm-based wealth management is making an increasing impact on traditional wealth management.
Cermati takes $1.9m for financial service discovery
Indonesian financial services comparison site Cermati has raised $1.9m in its Series A round. The investment was led by East ventures with existing backer Beenos Partners also participating.
RealtyShares secures $30m credit line to pre-fund properties
RealtyShares has secured a $30m credit line to pre-fund properties listed on its real estate crowdfunding marketplace.
Klarna inks major deal with UK retailer Arcadia
Swedish payments startup Klarna is inking a deal with UK retail conglomerate Arcadia to bring a “buy now pay later” offering to its e-commerce channels.
InsurTech firm Oscar hires new chief medical officer
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.
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