Sector Updates

Finrise banks $5.4m for healthcare financing

Healthcare financing platform Finrise has raised $5.4m in a debt and equity seed round. The funding was led by Mayfield with NFX Guild, WTI Holdings and angel investors also investing.

Accenture buys design agency to help redesign retail banking

Professional services giant Accenture has acquired digital banking-focused design agency Allen International to boost its digital transformation capabilities.
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Smart home InsurTech startup Neos nabs £1m

Smart home insurance service Neos has raised £1m in a seed round from Eos Venture Partners.
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Kindful picks up $3.5m for non-profit software

Fundraising and donor management software for non-profits Kindful has raised $3.5m in a Series A round. The investment for the Nashville-based company was led by Cultivation Capital.
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Ladder banks $14m for digital life insurance

Digital life insurance startup Ladder has raised $14m in its Series A round. Canaan Partners led the round with Lightspeed Venture Partners, NYCA and 8VC also contributing.
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CityFALCON smashes through crowdfunding target

London financial news and intelligence platform CityFALCON has hit its £150,000 crowdfunding target in less than a month. The company attracted 120 investors to its campaign on Seedrs.
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South Korean insurer buys 4.1% stake in lending Club for $66m

South Korea’s Hanwha Life Insurance has acquired a 4.1% stake in troubled peer-to-peer lending firm Lending Club. The insurer paid $66.3m for the stake.

HYPR grabs $3m for blockchain biometric authentication

Blockchain biometric security company HYPR has picked up $3m in a new round of funding from RTP Ventures, Boldstart Ventures and Mesh Ventures.

GoFundMe passes $3bn milestone in crowd donations

Charitable crowdfunding platform GoFundMe is experiencing rapid growth and announcing that the total raised through the platform now exceeds $3bn.
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ThreatMetrix nabs $30m to expand fraud prevention

Anti-fraud security company ThreatMetrix has raised $30m in what it describes as a mezzanine growth capital round. The funding comes from existing backer Silicon Valley Bank.

News Stories

Lucky secures $23m to scale credit and neo-banking push

Lucky secures $23m to scale credit and neo-banking push

Lucky, an Egyptian consumer credit and financial technology platform, has closed a $23m Series B funding round, combining equity and debt, as it prepares...
How WealthTech can shape the next generation of investors

How WealthTech can shape the next generation of investors

Digital WealthTech platforms have helped make it easy for everyone to get access to their finances. Whether it is a banking app that allows...
FINEOS wins MAIB contract for claims platform overhaul

FINEOS wins MAIB contract for claims platform overhaul

Tasmania's Motor Accidents Insurance Board (MAIB), a government business enterprise offering compulsory third-party personal injury insurance to motorists across the state, has chosen FINEOS...

Freedom Bank partners with InvestiFi for digital investing

Freedom Bank, a next-generation community bank serving the DC region, has partnered with InvestiFi, an award-winning InvestTech platform, to embed digital investing capabilities directly...
Vertafore cuts clicks with Project Impact workflow gains

Vertafore cuts clicks with Project Impact workflow gains

Vertafore, North America's InsurTech leader, has confirmed that its Project Impact initiative has met its goal of returning up to two hours a day to account managers by streamlining agency workflows.

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