Sector Updates

Rogue mobile banking app presence records 140% year-on-year hike

A report by Outseer has found the presence of rogue mobile banking apps increased 140% compared to the same time in 2020.

Neosec emerges from stealth mode with $20.7m in a Series A funding round

Neosec came out of stealth mode and completed its Series A fundraise with a total investment of $20.7m from True Ventures, New Era Capital Partners, TLV and SixThirty.

Amberdata nets $15m as it sets its eyes on international growth

Amberdata, a data and insights platform for blockchain networks, has closed its Series A on $15m as it looks to expand in the US.

Sproutt eyes bolstered life insurance offering following $26m Series B raise

Life insurance firm Sproutt has raised $26m from a Series B funding round led by MoreTech Ventures.

InsurTech unicorn Groww in talks to close $250m in new investment round

Indian startup that helps millennials invest in mutual funds and stocks Groww is reportedly in talks to raise a new financing round at a $3bn valuation.

World’s first DataSecOps platform Satori closes Series A

Satori, which cites itself as the world’s first DataSecOps platform, has closed its Series A round on $20m.

How communication compliance has become the biggest hurdle for financial firms

With workforces becoming increasingly dispersed, methods of communication have escalated, making security compliance a key challenge for firms.

Lightyear scores $8.5m seed funding as it begins investment app roll-out

UK commission-free stock trading app Lightyear has pulled in $8.5m from a seed funding round led by Mosaic Ventures.

Strike Graph collects $8m in its Series A as it looks to bolster third-party...

Compliance automation solution Strike Graph has netted $8m in its Series A funding round, which was led by Venture Partners.

Xendit enters unicorn club following Tiger Global-led Series C

Indonesia payments firm Xendit has reeled in $150m from a Series C funding round and has pushed its valuation over the $1bn mark.

News Stories

LayerX Security raises $26m to fortify browsers against new-gen threats

LayerX Security raises $26m to fortify browsers against new-gen threats

LayerX Security, a pioneering company in browser security solutions, today announced a substantial $26m in Series A funding.
Pleo secures €40m from HSBC Innovation Banking to enhance credit facilities

Pleo secures €40m from HSBC Innovation Banking to enhance credit facilities

Pleo, a leading spend management solution provider in Europe, has recently announced securing a significant €40m in debt financing from HSBC Innovation Banking UK.
Neptune Flood, the nation's largest private flood insurance company, has acquired Charles River Data in a bid to enhance AI-driven flood insurance solutions.

Neptune Flood announces acquisition to drive AI-driven flood insurance solutions

Neptune Flood, the nation's largest private flood insurance company, has acquired Charles River Data in a bid to enhance AI-driven flood insurance solutions.
Insured Nomads, an innovative leader in the travel and health insurance industry, has appointed Sven Thorslund as Senior Vice President of Global Client Engagement & Key Accounts.

Insured Nomads welcomes Sven Thorslund to leadership team

Insured Nomads, an innovative leader in the travel and health insurance industry, has appointed Sven Thorslund as Senior Vice President of Global Client Engagement & Key Accounts.
CLARA Analytics, a leading provider of artificial intelligence (AI) technology for insurance claims optimisation, has announced an expansion of its partnership with Origami Risk.

CLARA Analytics and Origami Risk deepen partnership to fast-track AI adoption in insurance

CLARA Analytics, a leading provider of artificial intelligence (AI) technology for insurance claims optimisation, has announced an expansion of its partnership with Origami Risk.

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