Hippo to expand underwriting ability with two new InsurTech partnerships
US InsurTech Hippo has doubled its underwriting capacity after it entered an issuer carrier relationship with Ally Financial subsidiary and a partnership with Motors Insurance Corporation.
Triodos taps SurePay solution to prevent fraud, misdirected payments
Triodos Bank UK has selected SurePay’s Confirmation of Payee solution with the aim of reducing fraudulent and misdirected payments on its service.
Upgrade sharpens horn following $105m Series E round
US FinTech Upgrade has bolstered its unicorn status by lifting its overall valuation to $3.3bn following a $105m Series E capital raise.
Meta consolidates financial services under Novi brand
As part of Facebook’s rebrand to Meta, it has also changed the name of its FinTech services from Facebook Financial to Novi.
Vietnamese FinTech Timo taps Mambu to push brand expansion
Ho Chi Minh-based digital bank Timo has teamed with software-as-a-service banking platform Mambu to scale its business.
Gift City, India InsurTech link to boost FinTech in insurance sector
Indian international financial services centre Gift City and the India InsurTech Association (IIA) have partnered to strengthen FinTech use in the InsurTech market.
Brookfield reinsurance arm enters $5.1bn agreement to buy American National
Brookfield Asset Management’s reinsurance branch has agreed to acquire multi-product insurance company American National Group for $5.1bn in cash.
Basketball Star Spencer Dinwiddie joins forces with Yieldstreet to make investing more accessible
Yieldstreet, an alternative investment platform which seeks to narrow the income and opportunity gap for retail investors initiated a campaign with NBA star Spencer Dinwiddie with the goal of bridging the wealth creation gap.
UK-based social bank Kroo inks $24.5m as it plans to launch in early 2022
UK-based social bank Kroo raised £17.7m in Series A funding led by tech entrepreneur and founder of Karlani Capital, Rudy Karsan.
Santander initiates cash management app roll-out in the UK
Santander has started the roll-out of its CashFlow Manager app for businesses in the UK market.
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