Travel and expense management application MobileXpense has received a €20m funding round from Fortino, which marks the first investment of its newest fund.

Digital payment processing platform Fintrax Group has bought up multi-currency business Planet Payment in a deal worth ?219m ($257m).

UK-based Delio has reportedly netted £1m in its latest funding round, which was led by the Development Bank of Wales.

Compliance software developer Convercent has netted $25m in a funding round led by Rho Ventures. Other participants to the round included existing backers Sapphire Ventures and Tola Capital. The investment comes after Convercent has seen high levels of growth, in terms of customers, executive hires and international expansion in EMEA. The company is an ethics and compliance software provider, that helps...

Decentralised protocol for financial derivatives dYdX has closed a seed investment led by Andreessen Horowitz and Polychain Capital.

BIMA, a micro-insurance provider for Africa, Asia and Latin America has received a $96.6m investment from Allianz X.

Pricing platform for banks PrecisionLender has received a minority investment from Insight Venture Partners and Georgian Partners.

Mobile payments platform Passport has closed a $43m Series C funding round led Bain Capital Ventures.

Cryptocurrency wallet Breadwallet has closed its ICO on $32m, hitting its target during the eight-day sale.

Financial marketplace Raisin has closed a strategic investment from digital payments giant PayPal.