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Momnt and Your Virtual Adjuster partner to enhance roofing contractor financing and claims management


Momnt, a leading FinTech company specialising in real-time lending and payment solutions, has announced a partnership with Your Virtual Adjuster, an innovative claims management platform designed for roofers. The collaboration aims to provide roofing contractors with a seamless solution for handling insurance claims while offering flexible financing options to homeowners, according to FF News. The

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SafelyYou raises $43m to expand AI-driven solutions for senior living


SafelyYou has secured $43m in a Series C funding round led by Touring Capital, bringing the firm’s total capital raised to over $100m. With this tranche, SafelyYou plans to expand its technology offerings to address growing challenges in senior care, including increasing resident acuity, staffing shortages, and care accuracy, according to the Coverager. The company

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Clearcover unveils insurance exchange to boost non-standard auto insurance market


Clearcover, a next-generation auto insurer known for its digital-first approach, has launched a reciprocal insurance exchange designed to strengthen its position in the non-standard auto insurance market. The product, known as Clearcover Inter-Insurance Exchange (CIX), aligns with Clearcover’s broader strategy to improve profitability, fuel growth, and enhance accessibility within auto insurance, according to InsurTech Insights. With a

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SaaScada partners with ARIE Finance to streamline cross-border payments


SaaScada has been chosen by ARIE Finance to support its international payments service for mid-sized B2B businesses. SaaScada, a cloud-native core banking provider, will enable ARIE Finance to simplify cross-border transactions, particularly in Africa, where the company seeks to become the first B2B firm with a PSP licence in Mauritius. ARIE Finance’s banking platform is designed to offer

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Hitachi Payment Services invests in Spydra to drive CBDC and Web 3.0 payment innovations


Hitachi Payment Services, an end-to-end payments and commerce solutions provider, has made a strategic minority investment in Spydra Technologies, a specialist in enterprise blockchain solutions.  The funding is being channelled through the Hitachi Payments Accelerator (HPX) Program, an initiative designed to support FinTech startups through investment and partnerships. By backing Spydra Technologies, Hitachi Payment Services aims

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Zeta raises $50m as valuation surges to $2bn in strategic funding


Zeta, a next-generation banking technology provider serving financial institutions worldwide, has secured a $50m strategic investment. The latest funding values the company at $2bn, marking a 1.7x increase from its previous $1.15bn pre-money valuation. The funding was contributed by a strategic investor, though their identity has not been disclosed. This follows Zeta’s previous $250m raise

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Klarna and JPMorgan Payments partner to expand BNPL services for merchants


Swedish BNPL giant Klarna has struck a new deal with JPMorgan Payments to see its flexible financing solutions integrated into JPMorgan Payments’ merchant services. The partnership aims to broaden the accessibility of Klarna’s payment options, including its interest-free BNPL solution, according to Finextra. This move is expected to provide merchants with a wider array of payment

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BIS guides central banks on balancing AI innovation with risk management


In its latest report, the BIS addresses the burgeoning role of AI in central banking, underscoring the critical balance between promoting innovation and managing associated risks. The report outlines key strategies for central banks to safely incorporate AI technologies within their operational frameworks, according to ABA Banking Journal. Central to BIS’s guidance is the establishment

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Simplifai launches Agentic AI to transform insurance automation


Simplifai, a leader in AI-driven automation, has launched Agentic AI designed to optimise critical processes such as claims handling, underwriting, and customer service. The Norwegian firm has debuted the solution in response to the industry’s increasing demands. Insurers are facing growing customer expectations, rising cost pressures, and complex regulatory requirements. To help navigate these challenges,

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Semgrep bags $100m in Series D to elevate AI-driven code security


Semgrep, an application security platform, has successfully secured a substantial $100m in its Series D funding round. The round was spearheaded by Menlo Ventures, with significant contributions from existing stakeholders including Felicis Ventures, Harpoon Ventures, Lightspeed Venture Partners, Redpoint Ventures, and Sequoia Capital. This latest injection of capital brings the total funds raised by the

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Clarity AI launches new sustainability tool for European fund managers


Clarity AI has announced the launch of a new solution targeted at fund managers, portfolio managers, and ESG analysts. According to Finextra, this innovative tool is designed to simplify the complex landscape of sustainable investment fund regulations and labels in Europe, which are increasingly shaped by stringent regulatory demands and the need to combat greenwashing.