Sector Updates

Personal finance mobile app targeting teens Wingocard has scored $2m in its seed round, which was led by Diagram.

Florida-based InsurTech platform Ensurem has closed a $12.25m capital commitment from an affiliate of A-CAP.

Financial wellness solution Paperwork has closed its seed funding round on $2.5m.

By postponing its launch to 2021, Zenus Bank has joined the number of challenger banks forced to shift their focus because of the coronavirus.

Payments giant Worldline has completed that 80% acquisition of bank acquirer Axepta Italy to support its growth across Europe.

Berlin-based credit scoring startup bonify has picked up €5.5m in a Series A round led by London-based Mosaic Ventures and Silicon Valley firm Ribbit Capital.

Mulberri, an innovative AI-driven embedded business insurance platform, has recently successfully closed its Series A funding round.

MediConCen Limited, an InsurTech company specialising in automating insurance claims using AI, has raised $6.85m in a Series A funding round. 

Deutsche Bank has so far replaced 680,000 hours of manual work through automation after announcing a massive restructuring effort earlier this year.

GlobalBlock Digital Asset Trading Limited, a publicly traded holding company which runs a European Union-based digital asset broker, has announced a successful closing of its non-brokered private placement.