Sector Updates

Treez, a POS software developer for the legal cannabis sector, has bagged $11.5m in its Series A round.

The French National Gendarmerie has completed an 18 month money laundering investigation, which has resulted in the arrest of 18 suspects and the seizure of €4m worth of assets.

The Financial Conduct Authority (FCA) is looking for views on the merits of creating a global FinTech sandbox.

The future of digital investing during the coronavirus is a battle of two-sides. On one side you have the increased usage of online services and a greater number do-it-yourself (DIY) investors, and the other has a coyness from managed proposition users and more uncertainty from decision makers.

Switzerland’s Financial Market Supervisory Authority (FINMA) has issued new guidance for blockchain and cryptocurrency FinTech companies, warning them against breaking anti-money laundering (AML) laws.

genesis, an international capital markets software firm, has closed its second funding round on $1.8m.

Verisk Analytics has reportedly acquired geospatial technology company LocationAware.io to improve its property insurance solution.

Many FinTech startups attempt to impress young people with apps and digital offerings. However, new research suggests that it will not be enough.

Open banking platform Token has secured $15m in a Series B raise to fuel the continued growth of the startup.

Allianz has formed a partnership with FPT Group to enter the Vietnam market and expand its operations across Asia.