Challenger bank Penta closes Series B round with €7.5m totalling funding amount to €30m

German challenger bank Penta has topped up its Series B adding an additional €7.5m injection, therefore bringing its total amount raised to €30m.

FinMkt partners with Persistent to provide banks with digital lending solutions

Point of sale (POS) financing SaaS provider FinMkt has teamed up with global solutions company Persistent.

Accounting firm Ageras secures $73m to ease financial needs for businesses

Investcorp-backed global asset manager company Ageras has raised $73m in new funding round from Lugard Road Capital.

Creatio scores $68m in growth funding

Creatio, a low-code software for process management and CRM, has netted $68m in a growth funding round.

Earnix becomes the next FinTech unicorn

Earnix, which has built an AI-powered pricing and product personalisation platform for insurance and banking, has reached the highly coveted unicorn status.

Nearly half of banks could soon be digital – new survey finds

Almost half of the banking executives around the world are looking to digitalise their businesses, according Temenos' new research.

Particeep scores minority investment from Truffle Capital and Sopra Steria

Particeep, a SaaS distribution platform for financial products and services, has scored an investment from Truffle Capital and Sopra Steria.

IKEA forays into banking sector with a 49% stake in Ikano Bank

Expanding its business into other areas, Swedish furniture giant IKEA has entered the banking space by acquiring a 49% stake in Ikano Bank.

What do these 36 FinTech rounds raised in the last week reveal about the...

WealthTech and cybersecurity enterprises were among the FinTech businesses that closed investment rounds in the last seven days. Companies operating in the WealthTech, cybersecurity, RegTech,...

Purpose Financial receives investment from Allianz

Purpose Financial, which claims to be building the next generation of banking technology, has secured funding from the investment division of Allianz Group.

News Stories

Cybersecurity company Armorblox closes $30m Series B

Cybersecurity company Armorblox has closed its Series B round on $30m, as it looks to grow the size of its team.

Goal-based investing is a trend for wealth management companies to look out for

Consumer expectations are changing and they want to get a better control of their finances and their futures.

JPMorgan pledges $350m to support minority owned companies with financial needs

JPMorgan Chase has committed $350m over the next five years to help close the racial wealth divide prevalent in Black, Latinx and women-owned small businesses.

Crypto firm Anchorage raises $80m to increase institutional adoption of digital assets

After getting federal banking charter last month, cryptocurrency banking company Anchorage raised $80m in a Series C funding round.

Relay teams up with Insurercore

PropTech Relay has inked a new partnership with UK-based insurance networking platform Insurercore, aimed at providing a comprehensive solution to insurance and wholesale brokers looking for capacity.

Do you know which are the leading RegTech companies in each sector?

Find out in the Global RegTech Buyer's Guide for 2021

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