Climate-risk focused InsurTech Descartes Underwriting has closed a $18.5m series A funding round co-led by Cathay Innovation and Serena.
RegTech100 company Compliance Solutions Strategies (CSS) has acquired AMFINE, a provider of SaaS-based regulatory reporting services to European asset managers, asset servicers and insurers.
Cybersecurity startup Pcysys has closed a $25m Series B funding round led by Insight Partners to expand internationally and to keep developing its software.
UK bank Lloyds has continued its programme of making employees redundant as it moves towards modernising the company.
Covalent, which aims to bring transparency to blockchain, has reportedly raised $3.1m in its latest funding round.
UK FinTech Mode is said to be planning to float on the London Stock Exchange, raising £7.5m in the process.
Biometric-enabled payment company Zwipe has raised NOK96m ($10.63m) in a post-IPO round to fuel the further development of its service well into 2021.
London-based MarketFinance has secured a £50m loan investment from Israeli asset manager Viola Credit to help UK businesses struggling because of the pandemic.
California and Vietnam-based FinTech company Fvndit has secured $30m in a round led by Accial Capital and Variant Investments.
Freelance and startup-focused FinTech Salaryo has bagged $5.8m in a funding round and announce plans to grow into a full digital business banking service.
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