Nordic FinTech deal activity sees correction in Q1 2023 dropping 33% YoY
Key Nordic FinTech investment stats in Q1 2023:
• Investment in Nordic FinTech companies reached $137m in Q1 2023, a 77% drop from Q1 2022
•...
Sunlight and Finovox joins forces to prevent insurance fraud
Sunlight, a cloud-native provider of core administration technology and InsurTech services, has partnered with French software editor Finovox to help insurance organisations prevent fraud.
FinTech revenues predicted to reach $1.5trn by 2030
FinTech revenues are set to grow sixfold from $245bn to $1.5trn by 2030, according to a report from Boston Consulting Group (BCG) and QED Investors. The report suggests that the FinTech sector, which currently holds a 2% share of the $12.5trn in global financial services revenue, is estimated to grow up to 7%.
UK government puts open finance at the forefront of new data legislation
The UK Department for Science, Innovation and Technology has put forward a new version of the Data Protection and Digital Innovation Bill.
Over 800 FinTech investors participated in European funding rounds in Q4 2022
Key Highlights from European FinTech investor activity during Q4 2022: • There were 863 unique FinTech investors in European companies
• They backed a total of...
Jumbo bags $3.5m funding
Jumbo, a provider of a decentralised exchange built on the NEAR Protocol, has picked up $3.5m in funding.
Dutch InsurTech Alicia lands €7m seed
Alicia, a Dutch provider of insurance-as-a-service for freelancers, has scored €7m in seed investment.
Strong investment continues for FinTechs as 2022 winds to a close
This week in FinTech proved to be a strong week for credit and financial technology-focused companies, with 36 investments being recorded.
What is the difference between onshore and offshore renminbi?
With China now being the world’s second largest economy, the renminbi has become a currency of great interest and value. What are the differences between onshore and offshore renminbi?
Plan A teams with Visa to decarbonise businesses globally
Visa will team with Plan A to offer its Sustainability platform as a part of its FinTech Partner Connect programme to Visa’s issuer network.