FinTech News
Cybersecurity deal activity (excl. US) declined 6% in 2022 whilst investment increased 15%
• Overall, there were 291 CyberTech deals announced outside the US in 2022, a 4% decline from 2021
• CyberTech companies headquartered outside the US raised a combined $3.9bn in 2022, 15% higher than 2021 levels
• Israel was the most active CyberTech country in 2022, outside the US, with 64 deals CyberTech deal activity declined slightly in 2022 by 4% with...
Rain, an employee financial wellness start-up, has raised $115m in funding, encompassing $66m in equity and $50m in debt.
Admiral, a car insurance provider in the UK, has extended its partnership with Cambridge Mobile Telematics (CMT), to launch LittleBox Pod, a new telematics offering that can lower insurance prices for drivers of all ages.
Swiss Re has reported that natural disasters resulted global economic losses of $275bn in 2022, of which $125 billion were covered by insurance, reaffirming a trend of 5-7% annual increases.
Focalpay, a commerce platform merging payment and retail functionalities, has bagged SEK15m in an investment round.
Chubb has unveiled new underwriting criteria for oil and gas extraction projects that will require clients to reduce methane emissions, a byproduct of oil and gas production that are among the most severe greenhouse gases.
XM Cyber, a leader in hybrid cloud security, has acquired cyberattack detection and response company Confluera for an undisclosed fee.
Securian Financial, which offers insurance and retirement solutions, has acquired Enspire, an employee communication and engagement platform headquartered in Austin, Texas.
BitKeep, a decentralised multi-chain wallet, has secured $30m in investment from crypto copy trading platform Bitget.
IntegrityNext, a firm with a mission to make supply chains more sustainable with better ESG compliance and oversight, has bagged €100m.
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