FutureVault, a provider of AI-powered digital vault solutions, has secured $3m in equity financing, bringing its total funding since inception to $31m. The latest investment round saw participation from founder and executive chairman G. Scott Paterson, CEO Daniel Kenny, and a mix of existing shareholders and select new investors. FutureVault specialises in digital vault solutions
In today’s interconnected financial landscape, the oversight of electronic communications between financial advisors and their clients has never been more critical. According to Saifr, with the emergence of new communication apps and increased regulatory scrutiny, banks and financial institutions must intensify their supervision efforts to safeguard client interests, ensure compliance, and preserve their reputations. Off-channel communications
CoverForce, an InsurTech platform focused on enhancing infrastructure and connectivity within the commercial insurance sector, has raised $13m in a Series A funding round. The funding round was led by Insight Partners, a global software investor, with additional participation from Nyca Partners. Founded by Cyrus Karai, Behram Dinshaw, and Kaivan Wadia, CoverForce operates a marketplace
Venn, the newly rebranded Canadian financial platform formerly known as Vault, has successfully secured $21.5m in Series A funding. The round was led by Left Lane Capital, featuring contributions from XYZ Venture Capital, Intact Ventures, and Gradient, signalling strong investor confidence in Venn’s mission to transform business banking in Canada. Founded by former Revolut employees
Taktile, a decision automation platform that is redefining risk management strategies in financial services, has secured $54m in a Series B raise. The funding was spearheaded by Balderton Capital and saw contributions from existing stakeholders including Index Ventures, Tiger Global, Y Combinator, Prosus Ventures, and Visionaries Club, as well as notable investment from Larry Summers,
SatoshiPay, a blockchain payments firm, has successfully closed an €850k fundraising round to accelerate the expansion of its payment solution, Vortex. Built on the Pendulum network, Vortex aims to streamline global transactions by bridging stablecoins with local fiat currencies. The round saw participation from several notable investors, including CoinShares chairman Danny Masters, SatoshiPay co-founder Meinhard
Kani Payments, a FinTech firm specialising in payment reconciliation and reporting, has secured a multi-million-pound Series A investment to enhance its platform and expand globally. The funding round was led by Maven Capital Partners, one of the UK’s leading private equity firms. It also included investment from the Maven VCTs and NPIF II – Maven
Gomboc AI, a cybersecurity startup focused on cloud security remediations, has raised $13m in seed funding to accelerate its efforts in automating security fixes. The round included an $8m investment led by Ballistic Ventures, with continued backing from Glilot Capital Partners and Hetz Ventures, which had co-led the company’s initial $5m seed funding. The company
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
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
Tabby, a leading financial services and shopping app in the MENA region, has secured $160m in a Series E funding round, pushing its valuation to $3.3bn. The round was led by existing investors Blue Pool Capital and Hassana Investment Company, with additional backing from STV and Wellington Management. Tabby has seen rapid growth since its
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
