Tag: Fintech

Alinea Invest, a pioneering New York-based FinTech firm focused on AI-powered WealthTech solutions, has successfully secured $3.4m in seed funding.

Global digital asset banking group, Sygnum, has secured over $40m in what is termed the Strategic Growth Round.

Science Card, a UK-based neobank, is pioneering a unique science funding infrastructure, specifically by enabling socially-conscious financial transactions through its e-money current account app. In a groundbreaking move, Science Card has joined forces with the Department of Mechanical Engineering at UCL (University College London), a renowned institution leading in scientific research and innovation.

Finova, the UK's foremost cloud-based mortgage and savings software provider, has entered into a strategic alliance with Hexaware, a global technology and business process services powerhouse. This partnership is a significant move in the FinTech industry, aiming to revolutionize the mortgage and savings sector.

Mondu, the burgeoning B2B payments company, has successfully secured an additional €30m in debt financing from the German financial institution, Vereinigte Volksbank Raiffeisenbank (VVRB). This new injection of funds raises Mondu's total financing to €50m, following an initial €20m loan obtained from VVRB in late 2022.

UK InsurTech companies saw their funding double in 2023 compared to the previous year, defying global trends from across the sector.

NFP, an international insurance broking and consulting firm, has successfully acquired Advanced Insurance Consultants Limited (AIC) to expand its commercial insurance offering.

Amazon has announced the closure of its UK Insurance Store 15 months after its October 2022 launch.

75% of insurance organisations will replace core insurance management platforms by 2025, according to a new global report from Novidea. 

Plazo and Meeting Pros team up to revolutionise FinTech services