Sector Updates

Digital Reasoning, which enables clients to use data to detect potential threats, has closed a $40m Series D round.

Fraud-prevention technology for online retailers Forter has raised $32m in a Series C round from Scale Venture Partners.

Cloud-based wealth management and investment advisory platform Vestmark has raised $30m from private equity firm Summit Partners to bolster its future growth.

New York-based company Accern has announced the beta version launch of its analytics platform which scores over 20 million websites for market data.

Mobile finance tool for workers in the field Payzer has raised $4.25m in a Series B round of equity capital.

Berlin-based lending marketplace Smava has raised $34m in a Series C round of funding. The investment was led by Runa Capital.

SME lender iwoca has raised £21m in a Series C round led by Prime Ventures. Funding also comes from existing backers.

IBM is reportedly planning a re-entry into the point-of-sale (POS) space. According to Bloomberg the firm is in discussions to acquire iPad-based POS company Revel Systems.

Financial services technology company Fiserv is partnering with Early Warning to offer the company’s clearXchange peer-to-peer payments service.

Singapore-based point-of-sale (POS) technology company Eleos has received S$3m ($2.2m) in funding from telco M1’s subsidiary M1 TeliNet.