Sector Updates

Online loans marketplace Lendio reported strong growth for Q2 2016, with the value of loans facilitated through the platform increasing by 86% year on year.

Legal firm Hogan Lovells is launching a Regulatory Accelerator to help UK FinTech startups to understand and navigate the Financial Conduct Authority's (FCA) regulatory regime.

Barclays is rolling out voice-recognition security to all its personal banking customers, eliminating the need for passwords and improving protection against fraud.

Increasing use of artificial intelligence (AI) will lead to a surge in FinTech revenues over the next five years, according to a new report from Junipur.

International money transfer startup Azimo in integrating its service into Facebook Messenger to allow senders and receivers to connect through the social network of 1.65bn users.

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.