Chubb, a global provider of insurance products, has launched a new division, North America Small & Lower Midmarket, to consolidate its Lower Middle Market and Digital Small Business divisions. The new structure aims to enhance service delivery and streamline operations within this growing segment, according to InsurTech Insights. Operating under Chubb’s North America Middle Market organisation,
Curve, a digital wallet provider known for its innovative approach to payment management, has raised £37m in a funding round led by Hanaco Ventures. Existing investors, including Fuel Ventures, IDC, Outward VC, and Lord Stanley Fink, also participated in the round. The fresh capital injection is set to support Curve’s strategic growth, with a strong
Pioneer Insurance has chosen Sapiens to enhance its digital transformation efforts in the Philippines. The collaboration will see Pioneer leverage Sapiens Insurance Platform to accelerate digital transformation and enhance customer experience. The partnership marks a significant step for Pioneer as it aims to modernise its operations, scale its capabilities, and embrace digitalisation. By implementing Sapiens’
FinScan, an anti-money laundering (AML) compliance solution from Innovative Systems, has enhanced its payment screening solution, FinScan Payments, to accelerate transaction workflows while strengthening financial crime prevention. According to recent research from Datos Insights, 91% of surveyed financial institutions (FIs) are investing significantly in payment modernisation. Despite this, many firms still operate with legacy AML
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
SparkReceipt, a pre-accounting software provider based in Finland, has secured investment from Trind Ventures. The funding round, which remains undisclosed, also received support from the European Union under the InvestEU Fund and Business Finland. The company provides AI-powered pre-accounting software designed to simplify bookkeeping for micro-businesses, with operations spanning nearly 100 countries. The platform automates
InsureVision, an InsurTech company specialising in AI-powered contextual driving risk assessment technology, has successfully raised $2.7m in a seed funding round. The investment round was led by Rethink Ventures, with participation from Twin Path Ventures and State Farm Ventures, the venture arm of State Farm, the largest vehicle insurer in the world. InsureVision focuses on
Quantexa, a global provider of AI-driven decision intelligence solutions, has successfully closed a $175m Series F funding round. The funding round was led by Teachers’ Venture Growth (TVG), part of the Ontario Teachers’ Pension Plan, with ongoing support from existing investors such as British Patient Capital. Other backers in Quantexa include Warburg Pincus, Dawn Capital,
Unique AI, a vertical AI company, announced that it has successfully closed a $30m Series A funding round. Since its inception in 2021, the company has now amassed a total of $53m in investment. The latest funding round was spearheaded by CommerzVentures and DN Capital, with continued backing from early seed investors, including VI Partners
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
Bourn, a UK-based FinTech startup focused on SME finance, has secured £1.5m in seed funding to support the expansion of its AI-powered Flexible Trade Account (FTA). The funding round was led by Haatch, with participation from fintech investors Love Ventures, Portfolio Ventures, and Aperture, alongside private backers. Founded by Roger Vincent, Nick Tracey, and Paul
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
