Sector Updates

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Token raises $18.5m to help banks meet PSD2 compliance

Token, which provides an open banking platform to help banks meet PSD2 compliance requirements, has closed its Series A round at $18.5m.

Token takes $15.7m to get banks ready for PDS2

Open banking compliance platform Token has secured a $15.7m investment from investors as the introduction of PDS2 nears.

Colombian startup Portal Finance wins funding

Bogota, Colombia-based startup Portal Finance has secured an undisclosed equity investment from Magma Partners.
fintech insurtech wealthtech regtech ai cybertech esg news

Deloitte backs blockchain financial inclusion startup Humaniq

Blockchain-based banking startup Humaniq has landed backing from professional services giant Deloitte. The size of the round is undisclosed.
fintech insurtech wealthtech regtech ai cybertech esg news

Irish investing app Rubicoin pockets €1.4m

Irish investing app maker Rubicoin has secured a €1.4m funding round from Enterprise Ireland and investment advisor Motley Fool.
fintech insurtech wealthtech regtech ai cybertech esg news

Better grabs $1.1m to prevent health insurance data errors

Health insurance startup Better has raised $1.1m in a seed funding round. Initialized Capital led the investment with Designer Fund and angel investors also participating.

MortgageHippo bags $2.5m for white-labelled online platform

Mortgage tech provider to lenders MortgageHippo has secured $2.5m in a Seed round of funding. The investment comes from CMFG Ventures, the VC are of CUNA Mutual Group.
fintech insurtech wealthtech regtech ai cybertech esg news

Xero takes on a fresh $26.4m from Silicon Valley investor TCV

New Zealand Stock Exchange-listed accounting software-maker Xero has landed $26.4m from US late-stage investor Technology Crossover Ventures (TCV).

Factom pulls in additional funding to take Series A passed $8m

Blockchain-as-a-service company Factom has extended its Series A round to more than $8m. Peeli Ventures, Harvest Equity and a number of local Austin investors joined the extended round.
fintech insurtech wealthtech regtech ai cybertech esg news

Ant Financial boosts global reach with HelloPay acquisition

Ant Financial is continuing to make its presence felt outside of the Chinese market with the acquisition of Lazada’s payments arm HelloPay. The financial terms of the deal are undisclosed.

News Stories

Napier AI names top markets for AI-driven AML compliance

Napier AI names top markets for AI-driven AML compliance

Financial crime compliance is undergoing a significant transformation, and according to Napier AI, the markets that are making the most meaningful progress are those...

FinTech funding continues strong run with over $800m raised this week

There was 22 deals recorded in the FinTech sector this week, with a total of $806.2m raised across all deals. This represented a considerable...

SEC settlement: what investment managers must know

The US Securities and Exchange Commission (SEC) has settled with a Florida-based investment manager over fraud and misleading investor disclosures, serving as a stark...
AI in wealth management: closing the implementation gap

AI in wealth management: closing the implementation gap

Despite widespread recognition of artificial intelligence as the defining technology of our era, the wealth management sector remains caught in a frustrating paradox: ambition...
CaixaBank launches GlobalView wealth aggregator

CaixaBank launches GlobalView wealth aggregator

CaixaBank has launched GlobalView, a financial positions aggregator that allows its wealth management clients to consolidate and analyse holdings across multiple financial institutions through a...

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