Amsterdam-based Finom, a digital banking platform tailored for small and medium-sized businesses, has reportedly raised $105m in growth funding. The capital injection, equivalent to €92.7m, comes from General Catalyst’s Customer Value Fund, according to a report from TechCrunch. In a notable move, the round did not involve any equity exchange, making it an unconventional investment structure. Finom
Turris, a provider of compliance and payment automation solutions for the insurance sector, has partnered with Loro Insurtech to deliver a unified solution aimed at modernising how insurers and MGAs handle compliance and broker onboarding. The partnership accelerates broker and agent onboarding, streamlines quoting and binding, and automates compliance checks and filings—boosting efficiency and reducing risk. Turris
Pineapple Financial, a Canadian mortgage technology and brokerage company, has announced the pricing of a $1.5m public offering. The Toronto-based firm provides digital solutions aimed at transforming the mortgage experience for brokers, lenders, and clients. The company’s public offering includes 10 million units, with each unit comprising one common share and one warrant to purchase
Two FinTech unicorns, Qonto, a leading European business finance platform for SMEs and freelancers, and Mollie, a financial service provider, have entered into a strategic partnership to deliver integrated financial services and tackle the region’s £275bn late payment challenge. The partnership aims to simplify fragmented financial infrastructure by bringing together banking and payments into a single platform.
PayPoint, a UK-based payments and commerce specialist, has partnered with Uber and Deliveroo to expand its digital voucher service for retail partners. The partnerships have been formed in response to the rising popularity of digital vouchers. PayPoint has observed that more consumers are seeking local, convenient stores to act as one-stop-shops for errands, parcel services and gifting solutions, according to FF
LenderLink, a pioneering FinTech based in the Philippines focused on improving credit data infrastructure, has successfully closed its first external funding round. The company secured $1.25m in an oversubscribed pre-seed round, with investments from Kaya Founders, Iterative, Founders Launchpad, and local business angels including Manila Business Angels. LenderLink is developing the first high-tech, real-time credit
Crux, a capital markets technology company focused on clean energy and manufacturing, has raised $50m in a Series B funding round. The investment was led by Lowercarbon Capital, with participation from new investors Liberty Mutual Strategic Ventures, MassMutual Ventures, and OMERS Ventures. The round also saw continued backing from existing investors including Andreessen Horowitz (a16z),
1Fort, the AI platform for business insurance, today announced it has raised $7.5 million in an oversubscribed funding round led by Bonfire Ventures. The round also included Draper Associates (Tim Draper); Karim Atiyeh, the founder of Ramp; and participation from all existing VCs: Village Global, Operator Partners, 8-Bit Capital, Character VC and Company Ventures. This
Adobe and Antom, a leading provider of unified merchant payments and digitisation solutions under Ant International, today announced a strategic partnership to launch an optimized payment experience and tailored digital marketing offerings for Adobe’s customers across Asia. “At Adobe, we’re always looking to deliver elevated and localized experiences for our customers. As our base of
Orion180, a leading provider of flexible, customer-focused homeowners and flood insurance solutions, has launched its new FLEX Home Insurance product across 14 coastal counties in Florida. The launch comes in response to Florida’s escalating insurance crisis, driven by frequent hurricanes, flooding, and other natural disasters. Homeowners in the state face some of the highest insurance
Aviva, one of the UK’s leading insurance and financial services firms, has partnered with FinTech Wales to foster innovation, support collaboration, and strengthen the FinTech and InsurTech sectors across the nation. Aviva joins an impressive roster of partner members including Barclays, The Royal Mint, Go.Compare, Confused.com, Admiral, Starling, Hodge, Principality and Monmouthshire Building Societies, Veeqo and Future
In a comprehensive survey conducted by Hanover Research for Temenos, a leading provider of banking technology, it was revealed that a significant majority of banks are actively exploring the deployment of GenAI to enhance their operational efficiencies. The survey, which polled 420 business and technology leaders within the financial services sector, underscores the growing interest in
