Sector Updates

Belgian fintech startup FX4BIZ has raised €10m in funding and pivoted its business from an SME-focused currency-transfer operator to a banking-as-a-service platform and rebrands to IbanFirst.

Investment data and research startup InnoTree has raised $15m in a Series B round led by Guangdong Poly Asset Management.

SecureKey Technologies, a Canadian provider of identity and authentication solutions, has landed C$27m ($20.56m) in growth capital.

London-based fraud detection startup Ravelin has raised £3m in a Series A round of funding. The investment was led by Playfair Capital with existing backers Amadeus Capital and Passion Capital.

Funderbeam has raised $2.6m in a new round of ventures funding from Draper Associates, Thomson Reuters and IQ Capital.

Irish peer-to-peer payments startup Plynk has raised ?725,000 in a seed round of funding.The capital comes from Delta Partners, Enterprise Ireland, the National Digital...

Californian FinTech solution for e-commerce Returnly has raised $3.25m in a seed round of funding.

Auto insurance software maker Snapsheet has raised $20m in a Series C round led by F-Prime Capital and IA Capital Group.

Tokyo-based asset management service WealthNavi has raised $15m in a Series B round of funding. The investment comes from SBI Holdings and other backers.

Deal data platform PitchBook Data is being acquired by investment research provider Morningstar for $180m. The deal is expected to close in the fourth quarter of the year.