The Series C round brings Watershed’s valuation to $1.8bn. This significant injection of capital comes courtesy of lead investor Greenoaks, with notable contributions from Kleiner Perkins, Sequoia, and several other existing stakeholders. At its core, Watershed’s mission is to hasten the progression of the climate economy. The firm operates with a heightened sense of urgency
The investment was spearheaded by Information Venture Partners, a prominent early-stage B2B FinTech investment firm. They were joined by Thomson Reuters Ventures and ManchesterStory, marking a significant vote of confidence in Wisedocs’ future. At its core, Wisedocs specialises in the development and provision of machine learning software-as-a-service (SaaS) aimed at medical record review, indexing, and
Utilising Insurity’s analytics solutions grants carriers an enhanced level of reliable insights into their portfolios, facilitating heightened segmentation and improved loss ratios. The flagship offering of the solution, known as Insurity Predict, harnesses the power of AI to elevate predictive analytics and modelling capabilities, delivering a substantial enhancement in loss ratios and instilling credibility in
Victory Park Capital Advisors, an established credit manager and global alternative investment firm, has closed a refinancing agreement for a $225m debt facility with Zip, a renowned player in the digital retail finance and payments industries. This strategic financial collaboration is set to bolster Zip’s US receivables, marking a crucial step in the expansion of
Phalanx Impact Partners, a pioneering investment firm with a focus on fostering positive environmental and community change, has recently announced a significant investment in CollateralEdge. The amount invested, though undisclosed, has been gathered from several investors with Phalanx Impact Partners leading the round. This infusion of capital is set to further propel CollateralEdge’s mission of
This strategic partnership aims to combine Surfboard Payments’ innovative payment solutions with Worldline’s comprehensive expertise in acquiring, processing, and fraud prevention. The collaboration is designed to offer a wide range of payment options and services to businesses across the Nordics, enhancing their payment systems and customer experiences. Surfboard Payments develops an acquiring platform for card
Intergiro, a Swedish FinTech providing payment and banking infrastructure, has unveiled a groundbreaking partnership with Silverflow, a cloud platform specialising in global card processing. This collaboration aims to empower Intergiro to offer its clientele advanced card network capabilities, augment processing efficiency, and grant unprecedented access to card scheme data. This strategic move aligns with the burgeoning
Known for its strategic investments, the firm intends to elevate the industry’s service standards and operational efficiency, through the inception of this group, according to InsurTech Insights. The launch of The Mutual Group is a result of Bain Capital Insurance’s acquisition of GuideOne Insurance Company’s operational platform. GuideOne, a niche-market mutual insurance carrier established in
25th AUG, 2022
Tens of millions of Americans will have up to $20,000 in federal student loan debt forgiven by President Biden, a move that would offer borrowers unprecedented relief but is guaranteed to face legal challenges and political backlash. The president said Wednesday that he will forgive $10,000 in federal student loan debt for borrowers earning less
9th AUG, 2022
Financial markets were concerned about ongoing global cost pressures on Tuesday, which led to a decline in Asian shares. This week, investors will be paying attention to U.S. inflation data and the possibility of further aggressive Federal Reserve rate hikes. The July U.S. consumer price report is coming on Wednesday, and the surprisingly positive U.S.
2nd AUG, 2022
Many Americans are preparing for an economic downturn even as experts disagree on whether the U.S. is about to enter one. According to a survey by Allianz Life Insurance Company of North America, 66 percent of Americans are concerned that a significant recession is just around the corner, up from 48 percent who thought the
14th JULY, 2022
On Thursday morning, the price of stock futures barely changed as traders anticipated the results of the biggest U.S. banks. Futures for the Dow Jones Industrial Average fell 11 points or 0.04 percent. The Nasdaq 100 futures were down 0.13 percent and S&P 500 futures were slightly lower. After June inflation data came in hotter
