Sector Updates

Biproxi, an end-to-end commercial real estate transaction platform, has netted $10m in its seed funding round.

Canadian SME financing startup FundThrough has raised $18.6m (C$24.6) in a Series B round of funding led by Scale Up Ventures.

Italy-based CashMe, a digital invoice financing auction startup, has reportedly netted €1.5m in funding.

The Financial Conduct Authority (FCA) has revealed it has completed a preliminary review on ESG benchmarks.

While consumers are increasingly shopping online, they are getting stung by unexpected fees on credit cards and the rolling over debt month to month, Klarna's Shopping and Money Management trend report found.

Tietoevry Banking, a frontrunner in the Nordic financial SaaS solutions sector, has announced the appointment of Minna Smedsten as the new Chief Financial Officer...

Zurich Insurance and Klook have joined forces to introduce FlyEasy, a solution aimed at addressing flight delays by offering lounge access to affected passengers.

Direct Line has acquired By Miles Group, a Managing General Agent (MGA) and provider of real-time pay-by-mile insurance policies.

Politically Exposed Persons (PEPs) represent a significant risk for money laundering and corruption within the financial sector. Alessa, a leading provider of Anti-Money Laundering (AML) compliance software, emphasises the critical importance of accurately identifying and screening PEPs before any business engagement.

India-based P2P lending platform Finzy has raised an additional $1m to its pre-Series A round, bringing its total to $2.3m.