Canadian InsurTech company Finaeo has closed its oversubscribed seed round on $2.25m, which was led by Impression Ventures, a dedicated FinTech investor.The company assists financial advisors reduce their paperwork burden and modernise old processes. This is said to allow them to better manage and serve their clients.Impression Ventures previously invested in home search Zoocasa, parking payment app Honk and...

Now Money, a company which provides mobile banking technology to low-income migrant workers, has raised $1.46m in a bridge funding round.The Gulf-based company has received money from investors including Myrisoph Capital and women's investor network WAIN, which aims to build a network of women investors who support women entrepreneurs in the Arab world.The company said it aims to provide access...

Cloud Lending Solutions has received an undisclosed investment from Dutch bank ABN AMRO from its digital impact fund.The FinTech company provides a cloud-based lending platform and has a client base made up of banks, credit unions, traditional finance companies and online lenders.ABN AMRO says the platform will help them go to market faster.Hugo Bongers, Director of the Digital Impact...

Michael Dooijes, the co-founder and managing director at Startupbootcamp’s Amsterdam-based FinTech and cybersecurity accelerator, explained why banks are looking to FinTech startups in the race against cybercrime, in a research interview with FinTech Global. The WannaCry ransomware attacks last month highlighted just how far reaching and damaging modern cyberattacks can be. Within a day the attack was reported to have...

Thailand-based Kasikornbank has launched a $29m FinTech-focused venture capital fund.

Payment and administration services provider Equiniti Group has acquired end-to-end loan management provider Nostrum.

Pension auto-enrolment solution Smart Pension has raised £15m in a Series B round as it looks to broaden its proposition to cater to larger firms.

Total FinTech Investment in Canada saw a 73% increase, from $44m in Q1 to $76.2m in Q2Canadian FinTech saw a volatile start to 2016. Q1 2016’s 25 deals, the highest of the Q1 2016 – Q2 2017 period, was then followed by the joint lowest of the same period, as Q2 of the same year saw only 9 deals.The...

Dublin-based peer-to-peer payments app Plynk has pocketed €25m in one of the largest Series A rounds raised by an Irish company.

InsurTech companies raised over $800m-worth of funding in the second quarter of the year across 34 dealsQ2 2017 had 17.2% more deals and over double the overall investment compared with Q2 2016. The $822m total eclipsed the levels set by the second largest quarter in the period, Q1 2016, by almost $200m, despite seeing 46% less deals.Q2 2017’s overall...