The value of bitcoin slumped 20% following the $77m hack of Bitfinex, one of the most-popular cryptocurrency exchanges.

United Overseas Bank (UOB) has partnered with Israeli investment crowdfunding platform OurCrowd seeking a head start in FinTech.

UK-based recruitment contract finance provider Sonovate has raised a total of £20m in debt and equity.

Fledgling fintech company West African Derivatives Exchange has raised nearly ?13.5m ($17.8m) in equity since it launched in December.

InAuth, a provider of mobile fraud prevention and mobile application security, has raised more-than $29.9m in funding.

UK-based banks and startups alike are preparing for the potential economic turbulence Britain’s departure from the EU might bring - but it’s the latter that are best prepared to react.

Banking innovator Cross River Bank has bagged a $28m growth investment from investment firms Battery Ventures, Andreessen Horowitz and Ribbit Capital.Battery led the round for Cross River, which it said would go towards expanding its technology and product-development teams, and launching new business lines to support the increasing number of companies using new technologies to change the way consumers...

Indio, a commercial insurance platform for brokers, has raised $2m in seed financing to grow its user base and platform.

Carrier billing company Boku has raised $13.7m in new venture funding. The round was led by a consortium of UK investors, including angels Andrew Black and Robert Markwick.

FinTech startup Digital Asset, which uses blockchain technology to make trading more efficient and less costly, has announced several additions to its senior management.