Sector Updates

Wealth management technology platform Addepar has closed its Series F round on $150m, at a pre-money valuation of $2bn.

Following a year of controversies regarding the UK’s top financial watchdog, the body is now facing another setback.

MineralTree, an accounts payable and payment automation solution, has pulled in $50m through its growth equity investment round.

From cybersecurity woes and risk management concerns, compliance professionals have a plethora of issues to worry about in 2021, according to new research.

Having been first reported to be in talks with Revolut in July, Martin Gilbert has now publicly been confirmed as the challenger bank’s new non-executive chairman.

Cloud-based financial solutions developer InvestCloud has acquired Advicent, a provider of cash flow, trust and tax financial planning.

Sigo Seguros, an InsurTech startup determined to close the insurance gap within Latinx and immigrant communities, has raised $5.4m in its seed funding round.

Mastercard and Riskified have announced a partnership designed to help businesses increase eCommerce revenues while reducing fraud. 

Digital payments platform Pomelo partnered with Mastercard to build on the support it offers its business customers with an expanded range of products and services.

BlinkPay, a pioneering name in the world of payments, is ready to alter the financial landscape in New Zealand by introducing open banking. This remarkable stride follows closely behind the UK's open banking sector's achievement, where it witnessed over 11m payments in July 2023.