Delaware North has partnered with Canadian FinTech firm Nuvei to enhance the payment capabilities of its online real-money casino and sports betting brand, Betly.
Banking Infrastructure
MoneyLion reduces cost of capital with $70m refinancing from Silicon Valley Bank
MoneyLion has successfully completed a $70m loan facility refinancing with Silicon Valley Bank (SVB), a division of First-Citizens Bank & Trust Company.
Boosted.ai, a generative AI company serving investment managers globally, has closed a $15m financing round.
Agicap, a leading treasury management platform for SMB and midmarket firms, has secured €45m in a Series C funding round led by AVP.
Range, an innovative AI WealthTech company, has raised $28m in a Series B funding round.
CoverGo, an InsurTech company offering end-to-end digital solutions for the insurance industry, has announced the appointment of Louis Lee as managing director, APAC. In his new role, Lee will spearhead efforts to deliver cutting-edge digital solutions for insurance clients and partners across the Asia-Pacific region, advancing technology adoption and transformation in the sector, according to FF News. CoverGo provides a modular,...
With just four months left until the FCA's Operational Resilience legislation deadline, a study from Parseq reveals that nearly a third of financial institutions are not fully prepared to meet the upcoming requirements. This legislation is designed to enhance the robustness of the UK's financial sector by ensuring that organisations can effectively prevent and manage operational disruptions that could...
Akur8, a leading provider of AI-powered pricing and reserving software, has announced that Michael Kraus, founder of 9elf26 and former CEO of NOVUM, has joined the company as a strategic advisor for the German insurance market. The firm leverages machine learning technologies to optimise pricing strategies for insurers, enhancing their competitiveness. The company serves over 250 clients globally, including Munich Re,...
Poncho, a Swiss startup specialising in weather-based refunds for outdoor experiences, has raised $617k in seed funding. The funding round was led by WeBuild Ventures, a notable investor in innovative technology startups, according to InsurTech Insights. The new funding will be used to enhance Poncho’s product offering and expand its footprint across the Swiss travel and leisure industry. The company is...
Embri, a trailblazer in embedded insurance, has announced an exciting expansion to its portfolio with the inclusion of embedded bikes and high-end tech insurance. This new offering builds on Embri's established expertise in insuring luxury watches and high-value jewellary, further streamlining the process for retailers to offer protection for customers' prized possessions directly at the point of sale, according...
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