Infrastructure & Enterprise Software

Fazz Financial, a FinTech aimed at Southeast Asia, has raised $100m for its Series C round, which comprises $75m in equity and $25m in debt.

Total revenue generated by travel and expense (T&E) management is expected to reach $16bn by 2027, rising from $8.7bn in 2022.

Indonesia-based payment and invoicing solution Paper.id has reportedly raised $12m in its Series B funding round, which was led by Go-Ventures.

P&C commercial insurance broker Alliant Insurance Services has launched Alliant Re, its reinsurance brokerage division.

Amidst the rapid boom of Artificial Intelligence (AI), its increasing integration into societal structures and business models prompts crucial conversations on technology risks. MAPFRE, a multinational insurance company, has embarked on comprehensive research to understand these risks and to identify measures that could assess, monitor, and mitigate these risks, thereby enabling the deployment of Responsible AI (RAI).

Tipalti, the acclaimed global finance automation platform, has recently made headlines with the introduction of a new feature to its repertoire.

UK enterprises are recognising significant yearly operational savings by integrating open banking into their systems, a recent survey has disclosed.

Backbase, described as the global leader in Engagement Banking, has entered into a strategic partnership with EverBank, known for its comprehensive financial services across consumer and commercial sectors. 

Induslnd Bank has reportedly closed a $200m loan from Asian Development Bank to support low income female lenders in rural areas.

Mobile banking solution Varo Money has closed a $45m Series B funding round led by Warburg Pincus.