Sector Updates

OneShield Software, a provider of core software solutions to property and casualty insurance companies, has received a $50m follow-on investment.

Wealth management platform Compound has closed a $25m Series B round led by Greenoaks and angel investor former Stripe product manager Lachy Groom, a report by Coverager has revealed.

Root, the parent company of Root Insurance, has closed a term loan facility with BlackRock Financial Management.

The White House has released its federal zero trust strategy, which will require agencies to meet certain cybersecurity standards and objectives by the end of fiscal 2024.

Crypto tax and portfolio tracking service CoinTracker has netted $100m in its Series A investment, which puts its valuation at $1.3bn.

Interchecks, an instant payment infrastructure and service provider, has raised $16m from a Series B funding round.

Tanzanian FinTech firm Nala has raised $10m from a seed fundraising round headed by investor Amplo.

Australian blockchain technology developer Chrono.Tech has pulled in $30m for its latest investment, as it looks to bolster its offering.

Censys, a provider of continuous attack surface management, has scored $35m in its Series B funding round.

Buy Now, Pay Later (BNPL) services are becoming synonymous with debt. These services have come under fire for misleading consumers and putting vulnerable users at risk. Regulatory crackdown has loomed on the horizon for some time now, but what do BNPL companies have to say for themselves in the meantime?