Sector Updates

Yendo, an innovative FinTech firm that introduced the world's first vehicle-secured credit card, announced it has raised $24m in a Series A funding round.

HR and Payroll platform Flare has raised $21m in its latest round which was led by Point72 Ventures.

UK-based payments company Curve has bagged $10m for its Series A funding round.

Storied venture capital house Kleiner Perkins has raised $600m for its first fund since a series of wholesale personnel changes at the top of the firm.

Housing.com, known as "India's leading digital real estate platform", has made a strategic investment in Easiloan, a FinTech digitising the home loan journey.

CCO liability is still a big concern for chief compliance officers, but the recent speech from SEC commissioner Hester Pierce is helping to bring more clarity to the issues.

Despite P&C insurance being transformed by the adoption of digitalisation and automation, insurers are struggling to be 'scientific' on risk, impacting the profitability of underwriting, according to AdvantageGo senior director of business development Rupert Bidwell.

GuidePoint Security, a prominent figure in the realm of cybersecurity, has successfully completed its recent round of funding.

German Wirecard saw its shares plunge by as much as 60% after the payment company revealed that €1.9bn ($2.1bn) was missing just as it was about to file its financial statements for 2019.

Despite threats posed by the emergence of new technologies such as AI, global business leaders' focus on cyber risk seems to be waning.