Sector Updates

PLUM Lending secures $2m as it looks to grow its network

PLUM Lending has received a $2m investment from Resolute Capital Partners, Soft Bank and Elliott Management.

CreditEnable opens $2 pre-Series A to support next generation of its platform

CreditEnable, an online marketplace for SME loans, is launching a $2m pre-Series A round.

Wealth Wizards forms open banking partnership with Moneyhub

Financial advisor Wealth Wizards will use Moneyhub Enterprise data APIs to provide customers with holistic advice that is backed by real-time consent driven personal data.

Chipper Cash bags $6m in seed round

P2P payment startup Chipper Cash has secured new investment to expand into new African markets.

Freetrade bags $15m in Series A round to scale its commission-free stockbroking services

UK FinTech has gone from strength to strength over the past few years. Now, despite the shadow of Brexit, yet another venture has raised a big round.

Wallit collects $2.6m in funding, alongside rebrand from Ourly

Wallit, a rewards-savings app aimed towards teenagers, has collected $2.6m in a seed funding round which will help it keep up with rising demand.

Trov launches new portfolio of insurance products and partners with Lloyd’s

On-demand insurance platform Trov has released a portfolio of end-to-end digital insurance products, alongside new partnership with Lloyd’s Banking Group.

Online investing, trading app business Wealthsimple gets Allianz backing in C$100m investment

Allianz Group has used its digital investment unit Allianz X to take part in a C$100m investment in online investing service and trading app provider Wealthsimple.

Nationwide launches pay-per-mile auto insurance solution

??Nationwide has launched a new auto insurance solution which lets consumers pay for the miles they have driven.

US regulators encourage institutions to be innovative with AML/BSA compliance

The Federal Reserve Board has made a joint statement with four other US regulators to encourage depository institutions to explore innovative ways to meet compliance.

News Stories

Over $3bn raised in this week's 29 FinTech funding rounds

Over $3bn raised in this week’s 29 FinTech funding rounds

Over $3bn was raised by FinTech companies this week, supercharged by a colossal €1.5bn raised by UK-based SumUp. 
Intellect Design Arena welcomes Rajesh Mehta to enhance transaction banking strategy

Intellect Design Arena welcomes Rajesh Mehta to enhance transaction banking strategy

Intellect Design Arena, a pioneering FinTech company known for its cloud-native, API-led microservices-based multi-product platforms, has appointed Rajesh Mehta to its Growth Advisory Board.
League data and Mambu revolutionize Canadian credit unions with new digital banking platform

League data and Mambu revolutionize Canadian credit unions with new digital banking platform

League Data and Mambu have embarked on a groundbreaking journey to transform the Canadian financial landscape by introducing advanced cloud banking solutions to credit unions.
Fingerprint and Oscilar unite to enhance fraud prevention in FinTech

Fingerprint and Oscilar unite to enhance fraud prevention in FinTech

Fingerprint, known as the world's most accurate device intelligence platform, is partnering with Oscilar, a leader in AI-driven risk and fraud management.
Open English and dLocal forge strategic partnership to revolutionise local payments in emerging markets

Open English and dLocal forge strategic partnership to revolutionise local payments in emerging markets

Open English, an online English-learning platform operating in over 30 countries, and dLocal, a leading cross-border payment platform specializing in high-growth markets, have recently announced a significant partnership.

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