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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 partnership seeks to tackle a significant challenge faced by roofing contractors—reaching a broader customer base through a combined insurance claims and financing solution.

Rising costs of materials and labour mean homeowners often bear high out-of-pocket expenses after their insurance claims are settled.

By integrating insurance claims management with financing options, the partnership allows roofers to offer a more attractive service, ultimately boosting their competitiveness.

Momnt provides real-time lending and payment solutions that enable businesses to offer point-of-need financing to their customers. By integrating lending services into various industries, the company helps businesses enhance their sales and customer experience.

Your Virtual Adjuster is a claims management platform tailored for roofing contractors, streamlining the insurance claims process and helping roofers secure approvals more efficiently. The company’s technology simplifies complex insurance procedures, ensuring smoother and quicker settlements for contractors and homeowners alike.

With this collaboration, roofers can improve deal closure rates, expand their client base, and enhance customer satisfaction by providing a full-service solution that includes both claims management and financing. This integration ensures homeowners can manage unexpected roof repairs without financial strain.

Momnt’s technology integrates seamlessly with Your Virtual Adjuster’s platform, allowing homeowners to access various financing options tailored to their needs. Roofers can now offer flexible payment solutions that include financing deductibles, making roof repairs more affordable and accessible.

“We’re empowering roofers to win more jobs and provide a complete solution to their customers,” Momnt vice president of partnerships Adam Goodman said. “By combining our financing options with Your Virtual Adjuster’s expertise in insurance claims, we’re enabling homeowners to get their roofs repaired quickly and affordably, even when faced with unexpected costs.”

“With this collaboration, homeowners can avoid the disruption and financial strain associated with unexpected roof damage,” Vince said. “They can now quickly get their roofs repaired, choose from a range of financing options to cover the out-of-pocket costs, and even finance their deductibles, making the entire process more manageable.”

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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 focus on serving more diverse customer segments, the company is also expanding into Texas through Clearcover General Agency (CGA), aiming to provide innovative and flexible insurance solutions.

Clearcover specialises in leveraging artificial intelligence and digital automation to streamline the auto insurance process.

By minimising operational inefficiencies, the company delivers cost-effective and customer-friendly insurance policies tailored to modern drivers.

The newly launched CIX is designed to offer expanded coverage to drivers who are often underserved by traditional insurers.

This includes individuals with foreign licenses, those with limited driving experience, or drivers with inconsistent insurance histories. The exchange also features competitive commission structures for agents, incentivising them to connect more drivers to affordable insurance options.

A key component of CIX is its AI-powered technology, which enhances self-service capabilities for customers while improving workflow efficiencies for agents. This ensures a seamless insurance experience that prioritises convenience and affordability.

As a reciprocal exchange, CIX operates on a subscriber-based model, meaning policyholders collectively own a stake in the exchange. This structure helps reduce operational costs, keeping premiums competitive and promoting long-term financial stability for members.

By launching CIX alongside CGA, Clearcover is diversifying its market reach while reinforcing its commitment to innovative, customer-centric insurance solutions. The company aims to continuously adapt to the evolving landscape of auto insurance, ensuring greater accessibility and efficiency.

“Launching CIX marks a turning point as we continue to redefine auto insurance,” Clearcover CEO and Co-founder Kyle Nakatsuji said. “By broadening our market focus and harnessing our tech-driven platform, we’re empowering more customers and agents while delivering unmatched efficiency and competitive pricing.”

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Tabby lands $160m funding to accelerate financial services growth in MENA

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 last funding round in October 2023, nearly doubling its annualised transaction volume to over $10bn. It recently acquired Tweeq, a Saudi-based digital wallet provider, further expanding its suite of financial services. Alongside its core buy now, pay later (BNPL) offerings, Tabby has introduced several new products, including the Tabby Card for flexible payments, a subscription-based service called Tabby Plus, and Tabby Care, a buyer protection programme.

With the fresh capital, Tabby plans to accelerate the expansion of its financial services, including digital spending accounts, payments, cards, and money management tools. The company is also aligning with Saudi Arabia’s Vision 2030 initiative, contributing to the country’s transition towards a cashless economy. The funding also strengthens Tabby’s position as it prepares for an IPO, marking a significant step in its long-term growth strategy.

Hosam Arab, CEO and co-founder of Tabby, said, “This investment allows us to accelerate our rollout of products that make managing money simpler and more rewarding for our customers. We’re focused on creating tangible impact helping people take control of their finances with tools that are accessible, effortless and built for their everyday lives.”

Christopher Wu, chief investment officer at Blue Pool Capital, said, “Tabby’s ability to innovate and deliver exceptional products is truly impressive. Their strong revenue growth and operational efficiency sets them apart from other fintech companies globally. We are incredibly excited to support the team on their mission.”

Ahmed Al Qahtani, chief investment officer for regional markets at Hassana Investment Company, said, “We are consistently impressed with Tabby’s remarkable ability to execute and build significant momentum in such a short time. Their unwavering dedication to delivering innovative products and solutions to customers reinforces our strong belief in Tabby’s bright future. We are excited to continue our partnership as they redefine the financial services landscape in the region.”

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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 in 2021, which was led by SoftBank Vision Fund 2 along with other key investors.

Zeta specialises in providing cloud-native banking solutions, enabling financial institutions to launch and manage digital financial products efficiently. Its SaaS offerings cater to banks and FinTech firms, supporting products such as credit cards, checking and savings accounts, unsecured loans, and commercial banking solutions. The platform is built on a microservices-based, API-first, and headless (MACH) architecture.

Zeta’s Global CEO and co-founder, Bhavin Turakhia, highlighted the company’s rapid growth, stating, “We are incredibly excited at the pace at which clients are embracing our modern stack.

“Over the past few years, we have supported over 25 million accounts on our cloud-native processing platform Tachyon and are on track to add 25 million more with contracts already in flight. Our clients are breaking away from decades of legacy systems to deliver amazing digital experiences thereby increasing their customer satisfaction and accelerating new user acquisition.”

Co-founder Ramki Gaddipati added, “Zeta’s mission to be a trusted partner to financial institutions is possible through the patient efforts of the best team ever assembled in banking technology. While the past few years have been challenging for the banking-tech industry, our organization has delivered multiple winning programs for our clients in record times.”

Zeta’s platform is used by some of the world’s largest financial institutions, including HDFC Bank, India’s leading private bank, where it has launched the Pixel digital-native credit card program. Other key partners include Pluxee, a global corporate benefits provider, and Sparrow Financial, a US-based card issuer focused on non-prime cardholders.

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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 of an interdisciplinary AI committee aimed at overseeing AI integration and ensuring compliance with established ethical standards. Additionally, the report encourages the adoption of responsible AI principles and stresses the importance of conducting thorough risk assessments to identify potential vulnerabilities introduced by AI tools.

A significant part of the report highlights the need for revising current governance and risk management frameworks to accommodate AI’s unique challenges. “The safe and proper usage of AI across the central bank functions may demand changes to existing risk management and governance frameworks,” the BIS report notes. This statement emphasizes the importance of updating traditional models to ensure that AI technologies are implemented effectively and safely, mitigating risks while enhancing efficiency and decision-making processes within central banks.

In response to these recommendations, the BIS suggests that central banks take a proactive approach by reviewing and adapting their governance structures to better align with the evolving technological landscape. This strategic shift will not only safeguard the integrity of financial systems but also leverage AI’s potential to improve service delivery and policy implementation.

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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 company to $204m.

Founded with the mission to revolutionize code security, Semgrep offers a robust AppSec Platform designed to meet the modern challenges of securing complex codebases without hindering the speed of development cycles. The platform distinguishes itself through a high signal-to-noise ratio, prioritizing impactful security measures while maintaining developer productivity and a positive security perception.

The newly acquired funds are earmarked for several strategic initiatives. Semgrep plans to attract top-tier AI and program analysis talent to further enhance its technological lead. Additionally, the investment will be used to broaden the reach of its product offerings beyond the traditional security audience and bolster its Go-To-Market team with industry experts from notable organizations such as Hashicorp and Elasticsearch.

Further enriching Semgrep’s strategic direction, the company has welcomed new expertise into its ranks. Recently, Garrett Souza, former SVP Americas at Matillion and Enterprise Sales Leader at Snyk, has been appointed as Vice President of Sales. Additionally, Mark McLaughlin, ex-CEO of Palo Alto Networks, has joined as an Angel Investor and Advisor, underscoring the industry’s confidence in Semgrep’s trajectory.

“AI is having a profound impact on all areas of technology. Semgrep’s approach to autonomous code security is a perfect example and represents the future of application security,” Matt Murphy, Partner at Menlo Ventures and new Board Member of Semgrep, expressed his enthusiasm for the company’s direction.

Previously, the company had announced its Series C funding in April 2023, which had already set the stage for its current expansive growth phase. The continuing investment trend in Semgrep highlights its potential and commitment to leading the charge in AI-powered code security.

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Moneyhub and Money Squirrel partner to enhance Open Banking for SMEs

Moneyhub, a leading data, intelligence, and payments company specialising in Open Banking, Open Finance, and Open Data solutions, has partnered with Money Squirrel, an emerging FinTech focused on financial management for small businesses.

The collaboration aims to power Money Squirrel’s recently launched app, designed to help SMEs automate savings and manage VAT payments efficiently.

The partnership addresses a longstanding challenge for SMEs—gaining access to Open Banking technology to optimise financial management. While SMEs form the backbone of the economy, many have struggled to integrate Open Banking due to outdated systems and the lack of standardisation. Money Squirrel’s app demonstrates how Open Banking data and payments can create meaningful financial efficiencies for small businesses.

Moneyhub develops FCA-regulated Open Data platforms that enable businesses to leverage consent-driven data, insights, and payment solutions. The company’s ISO 27001-certified software powers personalised financial experiences, helping businesses across multiple sectors, including finance, media, and retail. Its API technology aggregates data, provides insights, and enables seamless Open Banking payments.

Kim Jenkins, MD of API at Moneyhub, said, “Collaborating with Money Squirrel is a significant step in making Open Banking technology accessible to both SMEs and larger institutions. We are thrilled to help simplify financial management and unlock growth opportunities for smaller businesses by powering Money Squirrel’s app with our API. This partnership highlights our commitment to driving financial inclusivity and innovation across the board.”

Andreea Daly, founder and chief executive officer of Money Squirrel, said, “Having Moneyhub’s API technology has been critical to launching our app, but it’s also encouraging to be aligned with them on the aim of making Open Banking and Open Finance more inclusive. Having founded a business, I’ve experienced the frustrations of managing cash flow – spending countless hours calculating VAT and budgeting for future expenses. Therefore, we know firsthand how having the technology to remove these frustrations can unlock so much potential for businesses.”

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Trucordia acquires CADA Insurance Services to expand footprint in Louisiana

Trucordia, a leading insurance provider with a team of 5,000 professionals, has announced the acquisition of CADA Insurance Services’ insurance business, further strengthening its presence in Louisiana.

The acquisition is part of Trucordia’s strategy to integrate businesses with strong growth potential in key industries and markets, according to InsurTech Insights.

By bringing CADA Insurance under its umbrella, Trucordia aims to enhance its service offerings and expand its ability to meet the diverse insurance needs of clients. The financial terms of the deal were not disclosed.

CADA Insurance has a strong presence in Louisiana, with multiple offices in Baton Rouge, Chalmette, Gretna, and Kenner. The company provides a variety of insurance solutions, including auto, home, commercial, general liability, and workers’ compensation coverage, catering to a wide range of clients across the state.

Trucordia, known for its client-centric approach, is dedicated to delivering exceptional opportunities and experiences for its clients, employees, and partners.

The company’s expansion strategy focuses on acquiring successful enterprises that align with its vision for long-term growth and enhanced service delivery.

Welcoming CADA Insurance to the Trucordia family, CEO Felix Morgan highlighted the shared commitment to client relationships and service excellence. “The CADA Insurance team is a welcome addition to Trucordia,” Morgan said. “They share our passion for building long-term relationships and partnering with clients to identify and best meet their insurance needs.”

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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 has introduced two additional solutions—SafelyYou Clarity, an automated care tracking system, and SafelyYou Aware, which uses data-driven insights to predict residents’ care needs.

The company’s client base includes leading senior living providers such as StoryPoint Senior Living, Benchmark Senior Living, Midwest Health, and Senior Star.

SafelyYou founder and CEO George Netscher said, “We’re so grateful for this funding at a critical juncture in care delivery for senior living, when SafelyYou’s solutions are more important than ever. I started this company to help my mom and to help so many families like ours who have a loved one living with dementia. And we’ve grown to provide broader care support in senior living. Now, at a time when resident acuity is increasing, care demands are greater, and staffing continues to be a crisis, we’ll be able to empower operators to predict care needs with unmatched speed and accuracy, revolutionising how senior care is provided.”

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 fast, secure, and personalised financial services, integrating multi-currency accounts, payments, and a global FinTech partner network. The company aims to streamline onboarding by tailoring its approach to each applicant’s needs, enabling account setup within days while maintaining stringent fraud and financial crime controls.

ARIE Finance founder and executive vice-chairman Stephen Margolis said, “With a thriving investment scene and high regulatory standards, Mauritius is fast becoming the ‘Singapore of the West’, acting as the central financial services hub for the African and Indian subcontinents. But international businesses often struggle to set up accounts in the region because of outdated systems and rigid onboarding processes. This is hampering innovation as many exciting businesses are excluded based on their size, location, or industry, without any effort made to understand their business.

“ARIE Finance is shaking up the industry and taking the pain out of opening international accounts. By coupling the features of a digital-first neobank like fast online setup with a dedicated team who can personally review applications, we will go beyond ‘Know Your Customer’ to ‘Understand your Customer’.”

SaaScada’s real-time data capabilities will provide ARIE Finance with instant insights into customer behaviour, while its cloud-native architecture allows the financial institution to rapidly develop and iterate new banking products.

SaaScada co-founder and CEO Nelson Wootton commented, “SaaScada is dedicated to making first-class banking products available to everyone, so we’re proud to work with ARIE Finance, helping underserved B2B businesses set up in growing markets. We love collaborative partners who want to grow with us, and we’re looking forward to working closely with ARIE Finance and Stephen Margolis in the coming months to bring even more banking services to mid-sized businesses operating in Africa and beyond.”

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 to integrate blockchain-powered solutions into its payment infrastructure, improving transaction efficiency, security, and fraud prevention.

Spydra Technologies focuses on delivering scalable and secure blockchain solutions for businesses. The company specialises in real-world asset tokenisation and enables asset owners adn issuers to tokenise and manage assets on-chain, offering customisable solutions for equity, debt and hybrid financial products.

Its expertise in Web 3.0, Central Bank Digital Currency (CBDC), and blockchain-based digital payments aligns with Hitachi Payment Services’ vision of pioneering the next generation of financial technology solutions. The investment will facilitate the development of new blockchain-driven payment capabilities, particularly in cross-border transactions, real-time settlements, and financial inclusion initiatives.

Anuj Khosla, chief executive officer – digital business at Hitachi Payment Services, said, “At Hitachi Payment Services, we strive to introduce transformative technologies and solutions that enable superior payment experiences. Blockchain is the cornerstone of the next wave of financial innovation and our investment in Spydra reflects our commitment to advancing digital payment innovation.

“By leveraging Spydra’s blockchain and CBDC capabilities, we are well-positioned to develop secure and cutting-edge digital payment solutions that empower our customers to thrive in an evolving digital landscape. Through the HPX Program, we aim to collaborate with disruptors in the fintech and payments segment, driving the next phase of growth and innovation in digital payments.”

Manish Tewari, co-founder of Spydra Technologies, stated, “Our enterprise blockchain solutions are designed to offer scalability, security and efficiency across industries. By partnering with Hitachi Payment Services, we aim to bring innovative solutions that reshape the future of payments and commerce. As government and financial institutions in India move towards embracing blockchain-powered digital currencies and decentralized solutions, this collaboration is a significant step towards accelerating blockchain adoption in the payment sector.”

The HPX Program is set to support FinTech startups operating in various domains, including ERP/Billing, segmented payment solutions, embedded finance, issuance, payments compliance, banking-as-a-service, AI/Gen AI, core banking, and Web 3.0/CBDC technologies.

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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 choices to enhance customer experience and drive sales.

Klarna, a leading BNPL provider, enables consumers to split purchases into instalments, often interest-free, while offering merchants tools to boost conversion rates and customer engagement. The company has rapidly expanded beyond BNPL, providing a comprehensive shopping ecosystem, including its own app and AI-powered personal finance management features.

JPMorgan Payments, a division of JPMorgan Chase, is one of the world’s largest payment processors, handling over $2tn in transactions annually.

The company provides end-to-end payment solutions, including acquiring, treasury services, and merchant processing, catering to businesses of all sizes.

As part of the deal, Klarna will also join the JPMorgan Payments Partner Network, which connects businesses with a suite of third-party payment solutions. This collaboration is expected to further accelerate Klarna’s expansion into new markets and merchant segments.

Klarna is reportedly preparing for an IPO in April, and this partnership with JPMorgan Payments could enhance its appeal to investors by demonstrating its continued growth and integration within mainstream financial infrastructure.

Klarna chief commercial officer David Sykes said, “By collaborating with JPMorgan Payments, we’re bringing our payment solutions to even more businesses and fast-tracking our ambition to make Klarna payments available everywhere, for everything.”

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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, Simplifai has concentrated its expertise on developing AI-powered automation tools that enhance efficiency and compliance.

Since its inception, the company has evolved from a startup offering Digital Employees to a major player in AI-driven automation across Europe.

Over the years, it has expanded globally, collaborating with customers and partners to drive digital transformation and AI innovation.

Agentic AI is specifically built to support insurers by streamlining complex processes such as claims assessment, fraud detection, and policy management.

Unlike generic AI models, Simplifai’s AI Agents are tailored for the insurance sector, ensuring adaptability, security, and full compliance with industry regulations.

As part of the launch, Simplifai is introducing three pre-configured AI Agents designed for bodily injury, motor, and travel insurance. These AI-driven solutions accelerate claims intake, processing, and customer interactions, significantly boosting operational efficiency.

Alongside the product expansion, Simplifai has strengthened its leadership team. The company recently appointed Artem Gonchakov as CEO, Dr. Bikash Agrawal as CTO, Nils Slottet as Chief Solution Officer, Niels Zijderveld as Chief Revenue Officer, and Andreas Prøven Bogsrud as CFO. This leadership team brings extensive expertise in AI, insurance, technology, and finance, reinforcing Simplifai’s commitment to driving innovation in the sector.

Simplifai remains dedicated to its mission of simplifying and optimising insurance operations through cutting-edge AI solutions. By leveraging AI Agents, insurers can enhance decision-making, improve customer experience, and reduce costs—paving the way for a smarter, more efficient insurance industry.

“Simplifai is naturally transitioning to be an Agentic AI company. Every AI Agent we build has a purpose, and helps insurers resolve a specific problem they face on a daily basis: high cost of claims, low efficiency of operations, low margins, high customer expectations and of course employee productivity and satisfaction,” Simplifai CEO Artem Gonchakov said. “We recently added LLM to our toolbox of AI techniques, which enables us to solve even more difficult problems, like bodily injury, our latest addition to our fleet of AI Agents. I’m super excited to bring Simplifai to this new stage and I have the best team with me to support you on every stage of your AI journey.”

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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.

The drive behind this new product stems from the evolving regulatory environment, such as the UK’s FCA Sustainability Disclosure Requirements (SDR) and various government or industry-led labels like France’s SRI and Germany’s FNG. These frameworks aim to enhance transparency and reduce the risk of greenwashing in sustainable investments.

What Clarity AI does is crucial in a market where sustainability is paramount. The company specializes in providing technology solutions that help fund managers navigate and comply with diverse ESG metrics and frameworks unique to each market.

The product itself brings all necessary compliance information into one user-friendly platform, helping users monitor their funds against complex metrics and quickly identify any areas of non-compliance. This allows for more efficient investment decisions and better compliance management.

Additional features of Clarity AI’s solution include adaptive technology that updates in line with market changes and new regulations. This is particularly relevant given recent guidelines from the European Securities and Markets Authority (ESMA) that require funds with ESG-related terms in their names to invest at least 80% of their assets sustainably.

Further developments announced include support for new sustainability labels such as the French SRI label and the Belgian Towards Sustainability label, along with screening for the Paris-Aligned Benchmark (PAB) and Climate Transition Benchmark (CTB) exclusions under ESMA Naming Rules.

“The goal is to reduce the amount of time fund managers spend on identifying potential investments that fall short of the standards, and understanding the cause for non-compliance, in order to decide on the best course of action,” Henry Waind, product lead at Clarity AI, said.

“Sustainability regulations and labels are proliferating, making it increasingly challenging for fund managers to keep up,” added Tom Willman, regulatory lead at Clarity AI. “A significant amount of resources is tied up in regulatory obligations. These could be better used to develop sustainable solutions that support end-investors’ sustainability goals, and technology is key to making this process more efficient.”

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Cashfree Payments secures $53m in strategic funding

According to IBS Intelligence, this financial boost was spearheaded by KRAFTON, a Korean digital entertainment leader, alongside continued backing from existing investor Apis Growth Fund II, a private equity fund managed by Apis Partners Group (UK) Limited (Apis Partners).

The newly acquired funds are set to enhance Cashfree’s payment solutions and expand its market presence. This partnership is expected to harness synergies with KRAFTON, propelling Cashfree to innovate and pioneer across various digital sectors.

Cashfree Payments specializes in offering a broad spectrum of digital payment solutions aimed at empowering Indian businesses. The company provides secure and efficient transaction options across the digital economy, addressing the needs of businesses of all sizes.

The investment will be utilized to accelerate initiatives in cross-border transactions, security innovations, and international growth. Cashfree aims to focus on sustainable and profitable expansion as it scales up its operations and explores new avenues in the digital payments landscape.

Cashfree has also introduced Secure ID, an advanced identity verification system. This new feature includes a robust suite of APIs and KYC components designed to combat the rising tide of fraud. Secure ID streamlines the onboarding and KYC processes by minimizing user input requirements, intelligently verifying identity documents, and effectively detecting anomalies and fraudulent activities.

Cashfree Payments CEO & Co-Founder, Akash Sinha, commented on the funding, stating, “We are excited to welcome KRAFTON as a strategic partner with continued support from our existing investors, Apis Growth Fund II and the team at Apis Partners. Our mission at Cashfree Payments has been to empower Indian businesses with the ability to transact in the digital economy with unparalleled security and efficiency. This investment will help us accelerate our key efforts across cross-border and security innovations and international expansion as we enter the next phase of our growth journey. Growing sustainably has been core to our identity and how we function at Cashfree Payments. We are focused on driving profitable growth as we scale.”

Sean Hyunil Sohn, CEO of KRAFTON India, also shared his enthusiasm about the partnership, “India’s FinTech industry is experiencing remarkable growth, and we believe Cashfree Payment’s dominant position in India can be replicated globally. As the media and entertainment sector and content consumption patterns in India continue to evolve, full-stack payment systems that specifically address the needs and requirements of the sector are crucial for enhancing user experience. The investment is part of KRAFTON’s ongoing efforts to support innovative solutions that drive growth and foster a dynamic startup ecosystem. We look forward to further strengthening this partnership and exploring future opportunities.”

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FinTech firm Pipe expands developer tools to enhance embedded capital integration

Pipe, a FinTech company specialising in embedded financial solutions for small and medium-sized businesses (SMBs), has announced a major expansion of its Pipe Partner Portal, introducing new developer tools aimed at simplifying integration.

The enhancements are designed to make it easier for developers to embed Pipe’s capital services within payment and software platforms. Unlike traditional embedded finance solutions, Pipe’s approach prioritises a “tech-first” model, ensuring seamless integration for partners while accelerating capital delivery to SMBs.

Pipe’s infrastructure enables payment processors and vertical software firms to offer capital solutions without the need to build complex in-house systems. Through its software development kits (SDKs) and APIs, partners can incorporate Pipe’s capital services into their ecosystems, enhancing the merchant experience and unlocking new revenue streams. Businesses accessing capital through Pipe can bypass traditional financing challenges by leveraging their secure transaction data from partner platforms.

The new developer capabilities allow for multiple integration pathways, including a Pipe-hosted option, which can be launched in as little as a week, an Embedded UI that takes one to two weeks, and a Full API integration that provides complete control over the user journey within four weeks.

A key part of the update is the enhanced Pipe Partner Portal, which offers a dashboard and resource centre where partners can track merchant activity, revenue share, and manage embedded relationships.

Deepak Colluru, director of product management at GoCardless, praised the ease of working with Pipe’s technology. “Integrating with Pipe’s Embedded UI was an incredibly smooth process. The Partner Portal’s self-serviceability and comprehensive documentation allowed us to move quickly, while Pipe’s responsive tech team was always there to offer valuable guidance when needed.

“It was clear that the Pipe team was invested in our success, going above and beyond to ensure we had everything we needed. The experience was great from start to finish.”

The new features prioritise key technical enhancements, including real-time feedback through webhooks, increased security with advanced API key management, and a robust sandbox for testing various integration use cases.

Pipe’s chief technology officer, Nate Wiger, emphasised the company’s commitment to developer engagement. “As a software company committed to using technology to improve financial access, we know how important it is to work closely with the developer community.

“Engineering teams are the ones implementing our solutions to put them into the hands of SMBs. By expanding our Partner Portal with a growing set of developer tools and resources, we aim to make it even easier for our partners’ technical teams to embed Pipe solutions, from the initial implementation stage all the way to ongoing post-launch support.”

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