Sector Updates

CyberTech giant Snyk extends its Series F round by $75m

Cybersecurity unicorn Snyk has extended its Series F round with an additional $75m in funding, putting its valuation at $8.6bn.

SafeTree looks to extend roots with $1m seed raise

New Delhi-based InsurTech SafeTree has secured $1m in seed funding from angel investors Shams Ahmed Parvaz and Faiz Shams.

How can firms assess the risks associated with a politically exposed person?

A recent webinar by Alessa has examined what constitutes a politically exposed person (PEP) and why relationships with certain PEPs may offer increased financial crime threats.

Konfio said to reach $1.3bn valuation after funding round

Mexico-based Konfio has reportedly reached the unicorn status, after a $125m funding round brings its valuation to $1.3bn.

Quantexa rounds off Series D with BNY Mellon backing

Data and analytics software firm Quantexa has closed off its Series D funding round with a strategic investment from investment banking company BNY Mellon.

Chip looks to raise funding through crowdfunding campaign

Digital savings account Chip is looking to raise up to ?20m in the coming week through a crowdfunding campaign on Crowdcube.

Betterment hits unicorn status after close of equity and debt round

Digital investment advisor Betterment has been valued at nearly $1.3bn, following the close of a $60m Series F funding round.

Cocoon launches its leave compliance tool alongside Series A close

Cocoon has launched the first full-suite software solution that removes complex leave processes, alongside the close of its Series A funding round.

Security giant Akamai to acquire Guardicore in $600m deal

Edge security and content deliver firm Akamai Technologies is set to purchase micro-segmentation company Guardicore for a total of $600m.

Modularbank undergoes rebranding to better reflect product offering

Core banking platform Modularbank has renamed to Tuum, in a move the company claims better conveys its mission and scope of offering.

News Stories

MS Reinsurance, a global reinsurer, has announced a pair of appointments to its Supervisory Board of Directors.

MS Reinsurance bolsters Board with key additions

MS Reinsurance, a global reinsurer, has announced a pair of appointments to its Supervisory Board of Directors.
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.

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