Sector Updates

Robinhood to pay nearly $70m to resolve sweeping regulatory allegations that the brokerage misled customers, approved ineligible traders for risky strategies and didn’t supervise technology that failed and locked millions out of trading.

Berlin-based Embea has successfully concluded its seed funding round, securing a remarkable €4m.

Transverse Insurance Group, a property & casualty (P&C) carrier, has launched a venture capital fund, Transverse Ventures Fund I, that will focus on early-stage investments in insurance and InsurTech.

Fraud and risk solution developer FRISS has deployed its AI-powered solution onto the Guidewire Marketplace.

FairMoney, a neobank operating in Nigeria and India, has closed its Series B round on $42m as it expands into more emerging markets.

Swedish-based credit information startup Kreditz, a Nordic market leader in credit scoring and verification services, has recently raised €10m in its latest funding round.

While the UK and France may prefer credit cards and e-wallets, the rest of Europe would rather pay other ways when buying things online.

The Council and the European Parliament have made a significant step forward by reaching a provisional agreement on the Net-Zero Industry Act (NZIA).

Unveiling the pitfalls and limitations of Bubble, a no-code development platform, Alexander Shumski, Head of Presales, an engineer and architect at Symfa, offers a comprehensive analysis and reveals the intricacies that make it a challenging choice for enterprise BI development. Shumski offers his opinion on the discussion and offers nuanced insights into superior alternatives that amplify BI software development, ensuring a seamless transition towards enhanced efficiency and functionality.

Manchester-based Payl8r has secured £40m from Conister Bank and plans to become a £1bn FinTech business within five years.