Infrastructure & Enterprise Software

Infrastructure & Enterprise Software

Deposit Solutions becomes Germany’s second most valuable FinTech unicorn after achieving a $1.1bn valuation

Deutsche Bank has bought a 4.9% stake in open banking startup Deposit Solutions for €50m ($55.2m), making it Germany’s second most valuable FinTech enterprise.

Swan said to close €5m seed funding round

France-based Swan, a banking-as-a-service provider, has reportedly raised €5m in its seed funding round.

Mastercard to acquire open banking FinTech Finicity in $825m deal

North American FinTech Finicity is being sold to Mastercard in a $825m deal, with the payments giant planning to leverage the acquisition to further its push into open banking.

Accrualify scores $600,000 in debut funding round

B2B payments management startup Accrualify has picked up $600,000 in its debut funding round.

Elisity seeks to scale cybersecurity platform with $26m Series A raise

US cybersecurity platform Elisity has snared $26m from a Series A funding round to meet growing demand of its cloud-delivered cybersecurity platform.

KB Bank taps cybersecurity firm Trustonic to boost its app’s authentication process

Mobile cybersecurity company Trustonic has been implemented by KB Kookmin Bank (KB Bank) to enable a simpler authentication experience for users of the banks smartphone app.

Qandle said to close $1.2m pre-Series A round

HR management company Qandle has reportedly closed a $1.2m pre-Series A funding round led by Redwood Internet Ventures.

Rogue mobile banking app presence records 140% year-on-year hike

A report by Outseer has found the presence of rogue mobile banking apps increased 140% compared to the same time in 2020.

How cybersecurity startups and neobanks scooped the most funds among last week’s 42 investment...

While Covid-19 continues to haunt us, the FinTech industry continues to rake in millions of dollars. Neobanks and cybersecurity companies were the top-scoring sectors to raise investment among the 42 rounds that FinTech Global reported on last week.

Global industrial cybersecurity market expected to be worth $22.bn by 2026

The global industrial cybersecurity Market size is expected to reach $22.8bn by 2026, according to new research.

News Stories

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”.

Sanad Cash – the latest Saudi Arabian FinTech to close funding in 2022

Sanad Cash, a Saudi Arabia-based on-demand payment and spend management platform, has scored $1.6m in its seed round.

SaaS provider for asset allocation T-REX gets claws on $40m

T-REX Group, a SaaS provider for the asset-backed financing industry, has closed its Series C round on $40m.

Simplisafe teams with Aviva to offer bolstered insurance protection

Security firm Simplisafe has teamed with insurance company Aviva to help businesses reduce the severity or prevent costly insurance claims on their premises.

Mollie joins forces with Chargebee to streamline subscription payments

Dutch payment service provider Mollie has partnered with subscription management platform Chargebee to help simplify subscription payments.

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