WealthTech

India-based neobank Kaleidofin has raked in $10m from a Series B headed by the Michael and Susan Dell Foundation.

In an age where the traditional form of in-person payments is being restricted due to Covid-19 restrictions, the rise of PayTech seems almost inevitable. With more people than ever now using payment technologies, the demand for funding is also climbing.

PayVEDA, which helps make bill payments easier, has reportedly collected $11.5m in its Series A funding round.

Saudi Arabia-based Dawul has scored $5m in a seed funding round, which was led by RAED Ventures.

Qraft Technologies, which aims to improve alpha delivery in asset management, has collected $146m in funding from SoftBank Group Corp.

nCino, a cloud banking and digital transformation solution developer, has acquired cloud-based homeownership software company SimpleNexus.

Responsible, an embedded finance company designed to make the fashion industry more circular, has secured $6.6m from a seed round held by Barclays.

The UK parliament has launched a cross-party group of lawmakers to create a framework to regulate digital asset markets, a report by the Financial Times has revealed.

Multi-merchant rewards platform ThankUCash has raised $5.3m in its seed funding round, as it plans to expand its foothold in Nigeria, a report by TechCrunch has revealed.

The Bank of Tanzania (BoT) has revealed it is planning to launch its new instant payments system in February 2022.