Banco BNI to invest up to €15m into online auto financing app Lendrock

Portuguese challenger bank Banco BNI Europa is looking to invest up to €15m into online auto financing platform Lendrock.

ApplePie secures $16.5m Series B and $180m loan purchase deal

ApplePie Capital has raised $16.5m in a Series B round. The new funding coincides with the announcement of a $180m loan purchase agreement with TowerBrook Capital.

Cybersecurity, InsurTech and neobank ventures led the 29 FinTech rounds raised last week

Out of the 29 FinTech funding rounds we reported on last week, cybersecurity companies, InsurTechs and challenger banks were among the clear winners.

LendUp raises $47.5m to expand credit card offering

Online lending and credit startup LendUp has raised $47.5m in a Series C round led by Y Combinator’s Continuity growth fund.

Zip strengthens grip on BNPL market with Twisto, Spotii acquisitions

Australian buy now, pay later (BNPL) company Zip will expand into Europe and the Middle with the purchases of BNPL competitors Twisto and Spotii.

KNAB Finance raises around $389k from pair of funding rounds

India-based KNAB Finance has reportedly raised around $389,000 across a pair of funding rounds.

Westpac pumps $16.5m into three-month old mortgage startup

Australian bank Westpac is continuing to plough money into the region’s FinTech companies and investing $16.5m in online mortgage startup uno.

WeLab has closed a $220m round of debt, equity

China-based mobile lending platform WeLab has closed a $220m Series B+ equity and debt round.

Sweden’s Anyfin said to close $30m in its Series B

Swedish FinTech platform Anyfin has reportedly secured $30m in its Series B round, which was led by EQT Ventures.

Lending platform Payhippo nets $1m in pre-seed funding

Payhippo, an AI-powered lending platform, has reportedly collected $1m in its pre-seed funding round, to help it expand its team.

News Stories

Supply chain security firm Scribe bags $7m seed funding

Software supply chain security company Scribe Security has raised $7m from a seed funding round headed by Elron Ventures.

The trends impacting compliance technology in 2022

A recent eBook by RegTech firm Clausematch has outlined what it believes will be the top ten trends impacting compliance technology this year.

TD Insurance boosts insurance fraud protection with FRISS

TD Insurance (TDI) has implemented FRISS’ AI-powered fraud risk scoring services to combat the rising prevalence of insurance fraud in Canada.

How hyper-personalisation can deliver greater customer value

As the insurance industry becomes increasingly focussed on how it can deliver more tailored customer experiences, gaining a thorough understanding of every customer has never been more vital.

Kin Insurance retreats from IPO

Home insurance platform Kin Insurance has agreed to terminate its planned merger with special purpose acquisition company Omnichannel Acquisition Corp, due to “unfavourable market conditions”.

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