Health insurance startup Safety Wing said to raise $8m in funding

Safety Wing, a digital health insurance platform based in Norway, has reportedly scored $8m in a capital injection.

IDEAL lands funding to make mortgage applications “as easy as ordering lunch”

Jakarta-based digital mortgage platform IDEAL has raised $3.8m in a pre-seed funding round.

EU votes for corporations to adopt climate transition plans in corporate sustainability overhaul

The EP has voted in favour of new rules which require companies to consider their climate impact and human rights.

LedgerX picks up $11.4m for regulated bitcoin exchange

Bitcoin institutional trading and clearing platform LedgerX has picked up $11.4m in a Series B round. Miami International Holdings and Chinese fund Huiyin Blockchain Venture Investments led the financing.

Revolut is lining up to apply for a UK banking licence because of Brexit

Challenger bank Revolut is preparing to submit a banking licence application to the Bank of England.

Mitsubishi drivers to get better insurance through LexisNexis deal

LexisNexis Risk Solutions has extended its agreement with Mitsubishi Motors North America, which will help drivers access better insurance premiums.

Santam picks up minority stake in Ctrl

South African Insurance major Santam has made a minority investment in InsurTech start-up CTRL. Ctrl provides short-term car and house insurance through an independent advice app,...

CapBay said to close Series A on $20m

Peer-to-peer financing platform CapBay has reportedly raised $20m in its Series A round, which was supported by Singapore-based venture firm KK Fund.

5.2 billion digital wallets to be in use by 2026

There will be 5.2 billion digital wallet users by 2026 – up from 3.4 billion in 2022 – as ‘superapps’ drive adoption in developing countries, according to research from Juniper Research.

Insurity partners with e2Value to offer promotional pricing for valuation services

Insurity, a renowned provider of cloud-based software solutions for insurance carriers, brokers, and MGAs, and e2Value, a leading figure in web-based property valuation solutions, have teamed up to offer promotional pricing for valuation and replacement cost calculations for insurance organisations.

News Stories

LendingClub reveals the strain of seasonal expenses on US financial health

LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, and PYMNTS Intelligence have partnered to shed light on the financial challenges faced by US consumers.

Robin Smith takes on Chief Revenue Officer role at Praxent

Praxent, a financial services digital consultancy, has expanded its leadership by ushering in Robin Smith as Chief Revenue Officer. Smith, an enthusiast of FinTech and...

ESMA shifts focus: Navigating the digital and green transitions in 2024

The European Securities and Markets Authority (ESMA) has recently unveiled its work programme for 2024.
This week saw the FinTech sector flounder compared to seven days ago, as the space failed to meet the $1bn mark in deals completed.

FinTech sector drops this week with only 24 deals

This week saw the FinTech sector flounder compared to seven days ago, as the space failed to meet the $1bn mark in deals completed.

SEC reviews Scope 3 emissions in upcoming climate disclosure rules

The U.S. SEC has received feedback against the inclusion of Scope 3 emissions in their proposed climate disclosure rule.

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