Sector Updates

Security tool developer Mondoo has pulled in $15m in funding from Series A and seed financing rounds.

Bank Payments company GoCardless has partnered with Commusoft,a leading software provider for trade companies, to offer its customer base cost-effective payments via open banking.

Eligma, is a commerce platform designed to accept payments through cryptocurrencies, has raised €4m in funding.

Actuaries, often dubbed as mathematical risk managers, play a pivotal role in the insurance industry. Their expertise in quantifying and managing risk is essential for insurers in a market where financial responsibility for potential negative outcomes is traded. However, determining the cost of this responsibility isn't a straightforward task; it involves estimating expected losses akin to manufacturing costs for tangible goods. Yet, setting a price demands more than just knowing costs; it requires calibrating profit margins to market realities and consumer behaviours. InsurTech Quantee delves into the intricate process, known as price optimisation.

Peer-to-peer lending firm Lending Club is bringing new senior staff on board in an attempt to once again win favour with investment banks.

Data collaboration company Cinchy has bagged $10m in its Series A financing round which was led by Information Venture Partners.

Electronic payment company Green Dot and Gig Wage have formed a long-term investment partnership to provide better financial tools for the gig economy.

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.

Ghana-based FinTech company Float, which helps SMEs manage cashflow, has reportedly collected $17m in its seed round.

Xelix, a London-based accounts payable FinTech that is looking to transform finance departments, has raised $5m in Series A funding.