Sector Updates

iCapital Network hits $6bn valuation hot off heels of former round

iCapital Network, which is boosting access and efficiency in alternative investing industries, has scored $50m in fresh funding, which brings its valuation to $6bn.

Mitiga snaps up further Series A funding

Cloud incident response company Mitiga has received a Series A funding round.

Paydrive adds driving intelligence offering through new partnership

Swedish insurance firm Paydrive has teamed with Cambridge Mobile Telematics to upgrade its pricing engine with the addition of driving intelligence.

Credix snares $2.5m seed to create DeFi credit marketplace

Credix has scored $2.5m from a seed funding round led by DRW Cumberland and ParaFi Capital.

Scammers are stealing $80m per month through fake giveaways and surveys

A report by Group-IB has found threat actors are making $80m a month by impersonating known brands asking people to participate in phoney surveys and giveaways.

Australia’s CFR backs cryptoasset regulation framework

Australia’s Council of Financial Regulators (CFR) has revealed its support for a government plan to create a new regulatory framework for cryptoassets.

Tink completes FinTecSystems acquisition

Swedish open banking company Tink has completed its acquisition of German firm FinTecSystems following regulatory approval.

Metro Bank fined £5.4m for regulatory reporting failings

The Prudential Regulation Authority (PRA) has slapped Metro Bank with a fine of £5,376,000 for deficiencies related to the governance and controls of its regulatory reporting.

The ongoing rise of RegTech

A recent blogpost by PassFort has summarised what is driving the increased adoption of RegTech solutions and what trends the industry may see in 2022.

Belgian government suffers second damaging cyberattack of 2021

The Belgian defence ministry has been hit by a cyberattack after threat actors exploited the Log4Shell vulnerability.

News Stories

Aeropay secures $20m in Series B funding for A2A payments expansion

Aeropay secures $20m in Series B funding for A2A payments expansion

Aeropay, a leading provider of Pay-By-Bank solutions for businesses, announced $20m in Series B financing.
INSTANDA and UnderwriteMe partner to revolutionise life insurance with no-code tech

INSTANDA and UnderwriteMe partner to revolutionise life insurance with no-code tech

INSTANDA, a leading global provider of SaaS platform technology for life insurance distribution and policy administration, has announced an integration with UnderwriteMe, a comprehensive SaaS underwriting platform provider for the life insurance industry.
Irish AI startup Numra secures €1.5m to launch finance assistant Mary

Irish AI startup Numra secures €1.5m to launch finance assistant Mary

Irish AI startup Numra, previously known as Autonifai, has announced a €1.5m funding round to introduce its AI finance assistant, Mary, to the market.
Cache Valley Bank partners with Finastra to enhance digital banking

Cache Valley Bank partners with Finastra to enhance digital banking

Cache Valley Bank, a community bank with $2.9bn in assets serving Utah and Southern Idaho, has expanded its collaboration with Finastra, a financial software provider, to enhance its digital banking infrastructure.
Work payments platform Native Teams raises €6.2m to expand into Asia

Work payments platform Native Teams raises €6.2m to expand into Asia

Native Teams, a work payments platform for freelancers, remote workers, and business owners, has successfully raised €6.275m to further its ambitious plans of becoming the go-to platform for work payments.

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