WealthTech

Tax and accounting and automation company TaxBit has reeled in $130m from a Series B round, passing the $1bn valuation landmark in the process.

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 Bank UK has selected SurePay’s Confirmation of Payee solution with the aim of reducing fraudulent and misdirected payments on its service.

US FinTech Upgrade has bolstered its unicorn status by lifting its overall valuation to $3.3bn following a $105m Series E capital raise.

As part of Facebook’s rebrand to Meta, it has also changed the name of its FinTech services from Facebook Financial to Novi.

Ho Chi Minh-based digital bank Timo has teamed with software-as-a-service banking platform Mambu to scale its business.

Indian international financial services centre Gift City and the India InsurTech Association (IIA) have partnered to strengthen FinTech use in the InsurTech market.

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

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 raised £17.7m in Series A funding led by tech entrepreneur and founder of Karlani Capital, Rudy Karsan.