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Brussels-headquartered InsurTech Qover has closed a $25m Series B funding round led by Prime Ventures.

With the UK having pulled out of the EU on New Year's Eve, the nation's financial regulator has reminded companies about the new red tape they must navigate.

Former Paytm Money managing director and CEO Pravin Jadhav's new FinTech startup Raise Financial has secured seed funding in a round led by Mirae Asset.

Almost a million users bought bitcoin for the first time last month through Cash App, Square's mobile payment service that allows users to invest in cryptocurrency, Square CFO Amrita Ahuja told CNBC.

Payments infrastructure company helping vertical SaaS companies, Finix has surpassed $100m in total funding.

FinTech startup Razorpay is reportedly in talks with existing investor Singapore investment fund GIC to raise circa $150m to $200m in a new financing round.

A specialist policing unit funded by the banking and finance industry revealed that £20m worth of fraud was prevented in 2020 – a figure up by £1m compared to 2019.

The cybersecurity market in the Middle East and Africa which was worth $1903m in 2020 is expected to reach $2893m by 2026 per new research by ResearchAndMarkets.com.

Financial software development company TrueNorth has collaborated with UK-based Codat with the aim to integrate its API solution for Codat’s FI clients, therefore giving them direct access to a software engineering implementation team.

To counter the economic effects of Covid-19, Italian and German banks have drawn up a document highlighting ways for financial banks across Europe to mitigate the risk of further loss.