Auto insurance platform Clearcover nets $43m in Series B round

Auto insurance platform Clearcover has closed its Series B round of funding on $43m.

KKR investment gives FinTech business OneStream $1bn-plus valuation

Private equity major KKR has given OneStream Software a valuation of more than $1bn by investing in the company through its buyout and growth funds.

Klarna expands partnership with Wayfair

Arguably Europe’s most valuable FinTech unicorn Klarna is expanding its partnership with Wayfair, the online home shopping platform.

Brazilian POS company StoneCo files for IPO in US

Brazil-based payments processor StoneCo has registered for an IPO of its Class A common shares in the US.

Hiscox to improve insights into cyber risk following new deal

Specialist Insurance firm Hiscox has integrated the cyber risk analytics services of CyberCube to improve its insights into potential systemic cyber risk.

InsurTech platform Koala scores €1.6m in funding round led by Insurtech Gateway

France-based InsurTech Koala has scored €1.6m in a funding round led by UK-based incubator and fund Insurtech Gateway.

PPRO Group closes $50m round led by PayPal

UK-headquartered PPRO Group, a cross-border payments processor, has closed an investment round of $50m.

Cashboard lands €3m for wealth management platform

German wealth management startup Cashboard has raised €3m in a Series A round led by Digital Space Ventures. Investment also came from existing backers.

Properly closes Series A on CAD $22m in Series A comprised of debt and...

Properly, a Canadian PropTech platform, has closed its Series A round on CAD $22m ($16m) made up of both equity and debt.

Traditional banks who don’t innovate could lose $280bn by 2025

The global payments industry could cash in on an additional $500bn by 2025, but at the same time old school bankers could lose $280bn of that by not adopting new technology.

News Stories

POS lending solution Affirm closes $500m Series G

Affirm, a buy now and pay later solution, has closed its Series G round on $500m.
video

Solving the challenge of creating a customer-centric business model – Kidbrooke demo

A recent survey from PWC found that 61% of bankers believe customer-centric business models are very important, and yet only 17% of them are “very prepared” for it. Kidbrooke has released a new demo highlighting the problem in the market.

Over 60% of InsurTechs and insurers are keen to work with BigTech companies

Over 60% of InsurTechs and insurers are looking to collaborate with BigTechs, as they look to keep up with changing customer demands, a new report claims.

Good services is more important to policyholders than pricing

New research claims the key to driving long-term relationships in home insurance is less about pricing and more about great services and reputation.

TCARE closes $3m in round led by SixThirty Ventures

TCARE, which claims to be the only evidence-based, CMS 1115 approved and accredited family caregiver support platform, has netted $3m in funding.

Join the exclusive webinar with McKinsey and Akur8 to find out more 

How to capture value from pricing analytics in P&C insurance post COVID-19?

Don't miss our news & research. Subscribe to our daily newsletter!

29205