Sector Updates

KoinWorks, an Indonesia-based lending platform, has reportedly raised $20m in a funding round comprised of debt and equity.

A new survey by Shield and LeapXpert underscores the continued risk financial institutions face from unmonitored communication channels. Only 51% of the financial institutions surveyed are currently monitoring employee communications on WhatsApp, a popular messaging platform.

PayVEDA, which helps make bill payments easier, has reportedly collected $11.5m in its Series A funding round.

Earnest Research, a data analytics provider for measuring the consumer economy, has raised $15m in its Series B round.

While there was a growing move to digital onboarding prior to the onset of the pandemic, the restrictions and challenges put in place due to the virus have sped up the move to digital. According to iMeta Sales Director George Collier, this comes down to a key and growing need across a multitude of industries today for automation.

KNØX, a digital asset custody with insurance coverage, has bagged $6.2m in funding.

The European Union General Data Protection Regulation (GDPR) is enforced today, bringing with it heavy fines (up to 4% of global turnover or ?20m) for those who fail to comply.

Cybersecurity startup Guardio has raised $47m from a funding round headed by Tiger Global following three years in beta mode.

On January 10, 2024, a pivotal shift in the UK's regulatory framework will unfold as the Money Laundering and Terrorist Financing (Amendment) Regulations 2023...

Sure, an InsurTech that aims to unlock the potential of digital insurance, has partnered with FinTech Esusu, to offer renters insurance.