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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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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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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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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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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


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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.


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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


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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


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Alta Signa expands insurance capacity with Westfield Specialty International partnership


Alta Signa has added Westfield Specialty International to its insurance capacity panel, enhancing its ability to underwrite Directors & Officers (D&O) and Financial Institutions (FI) risks across the European Economic Area (EEA) and Switzerland. This partnership introduces an additional €10m capacity, split equally between D&O and FI lines, bolstering Alta Signa’s existing Lloyd’s-backed panel. The