SoftBank-backed True Balance secures $10m debt capital

True Balance scored $10m in debt funding for its non banking financial firm, True Credits.

The 22 FinTech rounds from the last week you must know about

After the Easter long weekend, our weekly roundup of the big FinTech trends from the past seven days is all you need to keep yourself updated on what’s happening in the industry.

JP Morgan, Mastercard, UBS inject $65m in blockchain firm ConsenSys

Brooklyn-headquartered blockchain technology firm ConsenSys raised $65m from major banks and financial services players including JP Morgan, Mastercard Inc and UBS Group AG to fund its growth and global expansion.

Ornikar reels in $120m in Series C funding to expand its insurance offering

Paris-based online driver training and road awareness platform Ornikar raised $120m in led by KKR in an effort to scale up its car insurance product.

Kenyan InsurTech Lami secures $1.8m to scale its API platform across Africa

Nairobi-based InsurTech Lami Technologies secured $1.8m in a seed funding round led by Accion Venture Lab.

Huobi introduces VC subsidiary with $100m backing

Seychelles-based blockchain technology firm Huobi Group has launched a subsidiary aimed at growing its venture investment portfolio.

ComplyAdvantage boosts market consolidation with $70m Series C

Financial crime detection firm ComplyAdvantage has secured $20m from Goldman Sachs Growth Equity through an extended Series C round.

Deepbridge secures £15m commitment from British Business Investments

UK-based venture capital investment manager Deepbridge Capital has secured a £15m package from British Business Investments which it will use to fund early-stage businesses across the UK.

AI-powered revenue intelligence firm Gong grabs a $250m Series E at $7.25bn valuation

Enterprise sales enablement platform Gong raised $250m in a Series E funding round valuing the company at $7.25bn, more than triple its previous valuation of $2.2bn.

Anrok lands $4.3m in seed funding to solve sales tax compliance for SaaS businesses

Sales tax solution built specifically for software-as-a-service (SaaS) businesses Anrok raised $4.3m in a seed funding round co-led by Index Ventures and Sequoia Capital.

News Stories

FBI

FBI gives disinformation warnings ahead of 2022 midterms

The FBI has warned of potential foreign influence operations that may spread disinformation to impact the results of the 2022 midterm elections in November.
Funding-rounds-FinTech

Lending companies shine in this week’s FinTech deals

This past week saw a diverse range of deals closed, lending companies fared particularly well in the highest value deals.
CMS

How to ensure compliance with new CMS requirements

The Centers for Medicare and Medicaid Services have implemented new electronic communications recording, disclosure and oversight rules. How can you stay compliant? 
Ali-FinTech-financial-health-rasies-$25m-offer-Brazilians-fair-credit

Ali secures $25m to offer Brazilians fair credit

Ali, a FinTech that partners with companies to offer financial health solutions for employees, has raises $25m in Series A funding.
Jiko-cash-management-raises-$40m-Series-B-T-bills

Cash management FinTech Jiko bags $40m

Jiko, a cash management FinTech, has raised $40m in Series B funding to empower businesses of all sizes to store their cash in higher yielding spendable T-bills.

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