Institutional Investment & Trading

Irwin, a software developer for the capital markets, has closed its Series A round on $20m, which will support the expansion of its services.

Ledgy, an end-to-end equity management platform, has reportedly collected $10m in its Series A round, which will support its growth in new markets.

Globacap, which claims to be transforming capital markets, has secured an additional $9m for its Series A round.

Receivables marketplace Monkey has reportedly collected $6m in its Series A funding to help double its team.

Alpaca, a stock brokerage platform that offers APIs for FinTech apps to connect and trade in US stocks, raised $50m and plans to launch cryptocurrency trading.

Paris-based social investment platform Shares.io has closed one of the largest-ever seed fundraising by an early-stage startup in Europe by securing around €8.5m in pre-seed pre-product funding.

Flink, a Mexico City-based neobroker, has raised $57m in a Series B round of funding led by Lightspeed Venture Partners.

Capital market-focused FinTech company Smallcase raised $40m in funding, led by Faering Capital as well as new investors Amazon Smbhav Venture Fund and Premji Invest.

India-based Klub, a financing platform aimed at brands with high customer engagement, has reportedly netted $20m in a seed funding comprised of a mix of equity and debt.

Brookfield Asset Management’s reinsurance branch has agreed to acquire multi-product insurance company American National Group for $5.1bn in cash.