Sector Updates

UK lender Wonga has hired Joanna Baker as its new CFO as the firm attempt to restructure in the face of stricter regulation.

London-based insurtech startup BoughtByMany has raised ?7.5m in a Series A round. Octopus Ventures led the investment.

Social peer-to-peer (P2P) lending platform Flender has secured more than £500,000 in a equity crowdfunding campaign on Seedrs.

SME lender Loan Frame has picked up $2.25m in a seed round led by Vedanta Capital.

Artificial intelligence-powered anti-fraud startup Fraugster has raised $5m in funding. Earlybird led the round with existing backers also participating.

Alternative finance intelligence service Crowdsurfer has picked up £1m in a new round of funding. Existing backer Mustard Seed led the investment.

Conversational artificial intelligence startup aimed at financial services Kasisto has raised $9.2m in a Series A round led by Propel Venture Partners.

Real estate data and analytics company HouseCanary has secured $33m in a Series A funding round. The investors include Alphabet executive chairman Eric Schmidt's family office Hillspire.

BANKEX, which provides the technology for asset tokenization through its Proof of Asset (PoA) protocol, has already raised more than $24m through its token sale.

Peer-to-peer (P2P) lending platform Funding Circle has raised $100m in a Series F round led by Accel Partners.