Sector Updates

German banking app designed for freelance workers Kontist has raised €2m in a new funding round. The capital comes from Danish seed investors Founders and Vækstfonden.

Lending startup Affirm has secured a $100m credit line from Morgan Stanley as the San Francisco company looks to facilitate more point-of-sale financing.

Cloud9 Technologies, which provides advanced capabilities to leverage compliance, voice analytics and workflow solutions, has closed a $30m financing round.

Swedish payments service Klarna is expanding its retailer financing offering through a new wave of UK partnerships with a e-commerce brands including Shopify, Worldpay, BigCommerce and CyberSource.

German insurance firm Talanx is forming a joint venture with Berlin-based company builder FinLeap to launch a digital platform for independent asset managers and private banks.

Artificial intelligence-based compliance startup ComplyAdvantage has raised $8.2m in a Series A round. The investment in the London-based regtech firm was led by Balerton Capital.

Trader communication provider Cloud9 has raised $30m in a Series A round led by JP Morgan Chase.

Facebook Messenger-based chatbot Plum has raised $500,000 in a seed round of funding led by 500 Startup’s microfund. The round also saw local angel investors participate.

French payroll management company Payfit is taking on $5.6m in a funding round having just launched in April.

Finnish digital banking startup Holvi is appointing Antti-Jussi Suominen as its new CEO following the company’s acquisition by BBVA in March.