Private market investing app ADDX closes pre-Series B

Singapore-based ADDX, a mobile app for private market investing, has closed its pre-Series B funding round on $58m.

Planto, Cogo partner to bring carbon footprint tool to Hong Kong banks

Personal finance management app Planto has teamed up with carbon footprint tracking platform Cogo with the goal to promote sustainability within banks.

PayTechs shine in last week’s FinTech funding rounds

FinTech Global reported on 38 FinTech funding rounds this week, with companies from across the broad spectrum raking in eye watering amounts to help aid their growth.

Digital wealth management solution Quantifeed scores Series C

Quantifeed, which claims to be Asia’s leading digital wealth management solution developer for financial institutions, has closed its Series C round on an undisclosed amount.

Reno de Medici picks Tietoevry for digitalisation

Italy-based Reno de Medici (RDM Group), which creates recycled cartonboard, has picked Tietoevry to modernise its core business processes and digitise its mills.

Circit rakes in €6.5m Series A

Circit, an audit confirmations and open banking platform, has completed a €6.5m Series A funding round.

Unit becomes first banking-as-a-service provider to reach unicorn status

Unit hits $1.2bn valuation, which it claims makes it the first banking-as-a-service platform to reach unicorn status.

Brazilian FinTech Nomad pulls in $32m financing

Nomad, a Latin American FinTech helping Brazilians establish bank accounts, has raised $32m in financing.

Jay Z-backed Altro scores $18m

US-based FinTech Altro, which aims to help people build credit, has raised $18m in a Series A funding round led by Pendulum Holdings.

Portfolio bags £1.5m following strong crowdfunding campaign

Portfolio, an investment app based in Manchester, has raised £1.5m from a hugely successful crowdfunding campaign.

News Stories

How banks can fight back against fraud scams

The threat of fraud is rising. Covid-19 shook the world and accelerated fraudulent criminal activity around the world.

Extortion demands climb 45% in 2021 on back of ransomware spread

The average ransom demand grew to $247,000 in 2021 according to research from Group-IB.

Investing app launches out of beta

Personal finance app has launched out of its beta as it helps people easily track all of their investments from one location.

Zurich to sell Russian business following calls to cut ties

Global insurer Zurich Insurance Group has agreed to sell its business in Russia to 11 members of the unit’s team following mounting pressure on financial institutions and insurers to cut ties with the region.

How can merchant payments firms navigate the European regulatory landscape?

With a central bank digital currency (CBDC) anticipated to be launched in Europe soon, it is becoming increasingly important that merchants can prepare to accept such a currency.

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