Halal investing platform Wahed has raised $5m in funding from strategic investors. The New York-based startup aims to offer ethical robo-based, Shariah-compliant investing to Muslims.
Machine vision InsurTech startup Tractable has raised $8m in a Series A round led by Ignition Partners. Zetta Venture Partners and a host of individual from across the insurance space also participated.
Industry Research
Real Estate Tech’s funding figures see 2017 make a slow start after a record 2016
Q2 2016 saw record levels of investment in Real Estate Tech with over $1.25bn worth of fundingQ2 2016 was the biggest quarter since the beginning of 2016 with $1,577.3m worth of funding. This investment total is over $150m more than the other four quarters in the Q1 2016-Q1 2017 period combined.Since Q1 2016, the amount of deals QoQ has...
Smart debit card for kids company Greenlight Financial Technology has raised $7.5m in a Seed funding round. Relay Ventures led the investment.
Applied Data Finance has raised a fresh $6.5m in convertible notes and is also extending its existing credit facility with Victory Park Capital from $50m to $75m through to 2021.
Personal saving and investment app Oval Money has secured €1.2m in funding from Italian banking group Gruppo Intesa SanPaolo.
Troubled German banking giant Deutsche Bank is making an investment in the FinTech space and taking a 12.5% stake in trade receivables marketplace TrustBills.
Japanese mobile payments firm Coiney has raised ¥800m ($7.1m) in a Series B round of funding. The Tokyo-based firm offers a range of payments technologies to merchants.
Banking app Revolut will begin to offer users pensions through a partnership with fellow London startup PensionBee.
Group healthcare payments company Carrum Health has picked up $6.5m in Seed funding. Wildcat Venture Partners led the round with participation from SJF Ventures and SpringRock Ventures.
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