Australian venture capital firm Reinventure has reached a close for its second $50m fund to continue investing in Australia and New Zealand-based FinTech startups.

Increasing use of artificial intelligence (AI) will lead to a surge in FinTech revenues over the next five years, according to a new report from Junipur.

International money transfer startup Azimo in integrating its service into Facebook Messenger to allow senders and receivers to connect through the social network of 1.65bn users.

PFITR (Public Funds Investment & Reporting), a SaaS company aiming to help institutional investors managing tax dollars better oversee their portfolios, has taken on $200,000 in a convertible note offering.

Digital Reasoning, which enables clients to use data to detect potential threats, has closed a $40m Series D round.

Fraud-prevention technology for online retailers Forter has raised $32m in a Series C round from Scale Venture Partners.

Cloud-based wealth management and investment advisory platform Vestmark has raised $30m from private equity firm Summit Partners to bolster its future growth.

New York-based company Accern has announced the beta version launch of its analytics platform which scores over 20 million websites for market data.

Mobile finance tool for workers in the field Payzer has raised $4.25m in a Series B round of equity capital.

Berlin-based lending marketplace Smava has raised $34m in a Series C round of funding. The investment was led by Runa Capital.