Illuminate Financial has completed its second RegTech deal in as many months by backing UK-based startup TransFICC.

Financial institutional AI platform MioTech has closed a $7m Series A funding round led by Horizons Ventures. Other contributions to the round came from ZhenFund and other Hong Kong and China-based investors. The platform utilises artificial intelligence to help investment managers serve clients by integrating custodian, market price, news, events and micro and macroeconomics data to help build a map. Through...

Commercial financing platform COMPEON has closed its series B round on more than €12m.

Coverfy, a Barcelona-based digital insurance startup, is looking to expand after closing a €3.5m financing round. The Spanish business has collected investment from K Fund, Seaya Ventures, and Sabadell Venture Capital, and plans to use the capital to expand into new markets and durther develop its app. Since launching in January 2016, the company has raised €4.25m, having previously closed a seed...

Down payment protection platform ValueInsured has closed a $6.5m funding round led by Everest Re Group affiliate and Houston International Insurance Group.

Equity management platform Solium Capital has acquired Capshare in an undisclosed deal.

Canada-based La Caisse de dépôt et placement du Québec has partnered with Desjardins Group to create a FinTech investment vehicle.

Indian payment solutions provider Paynear has purchased Singapore-based mobile commerce firm GoSwiff for an undisclosed amount.

AND Global is looking to tackle Mongolia’s lending market after collecting $5m in seed financing.

AI-powered checkout system Standard Cognition has bagged a $5m seed funding round led by Charles River Ventures.