Sector Updates

Payment cycle management company Billtrust has raised $50m in a new round led by Riverwood Capital Management.

Silicon Valley-based WealthTech business Prumentum Group has raised $25m in a Series A round. The funding comes from family offices, including the Fremont Group and the Cynosure Group.

Financial services risk management and compliance platform Merlon Intelligence has received $7.65m in a Seed financing round.

Network management platform for finance professionals Affinity has picked up $13.5m in its latest funding round led by 8VC.

US credit card company Blispay has received $12m in its latest funding round. FirstMark, Accomplice and NEA, all participated alongside Camden Partners and F-Prime Capital.

Blockchain-enabled financial services platform Coins has scored a fresh $5m in funding. The investment comes from South African web giant Naspers’ investment division Naspers Ventures.

New York and Tel Aviv-based transaction data and analysis company T-Rex Group has raised a further $10m for its Series B round.

Health insurance data platform Vericred has secured a $5.5m Series A round. Nashville-based FCA Venture Partners led the round with existing and new investors also participating.

Bitcoin institutional trading and clearing platform LedgerX has picked up $11.4m in a Series B round. Miami International Holdings and Chinese fund Huiyin Blockchain Venture Investments led the financing.

Acko General Insurance has raised the largest round for an Indian InsurTech startup to date. The Mumbai-based startup picked up $30m in a Seed round.