Sector Updates

Troubled German banking giant Deutsche Bank is making an investment in the FinTech space and taking a 12.5% stake in trade receivables marketplace TrustBills.

Japanese mobile payments firm Coiney has raised ¥800m ($7.1m) in a Series B round of funding. The Tokyo-based firm offers a range of payments technologies to merchants.

Banking app Revolut will begin to offer users pensions through a partnership with fellow London startup PensionBee.

Group healthcare payments company Carrum Health has picked up $6.5m in Seed funding. Wildcat Venture Partners led the round with participation from SJF Ventures and SpringRock Ventures.

Toronto-based iPad point-of-sale (POS) TouchBistro has picked up C$16.3m ($12.1m) in a Series C funding round.

Digital wealth management solution Evolute has secured a $6.15m Series A in its first round of external financing.

Real estate crowd investing platform Exporo has picked up ?8m in a new round of funding. The investment comes from e.ventures, Holtzbrinck Ventures, Sunstone and BPO Capital.

Mutual fund investment platform Nivesh.com has secured an angel funding round from a group of individual investors.

Commerce tech and solutions firm First Data is acquiring payments processor CardConnect for approximately $750m.

Security technology company NXT-ID is acquiring internet of things (IoT) payments company Fit Pay. The financial terms of the deal are undisclosed.