Sector Updates

24 FinTech funding rounds from the last week you should know about

From Stash’s $113m round to Okra collecting $1m in new investment, the last week has seen a smattering of FinTech companies raise money.

Nexar secures $52m in funding and partners with Japanese insurer

Nexar, the dash cam system provider, has secured $52m in a funding round alongside a new partnership with Japanese insurance firm Mitsui Sumitomo Insurance.

The FCA offers guidance about what to expect from business interruption insurance during COVID-19

Businesses around the UK have been hurt due to the coronavirus, but finding out if their insurance covers the interruption isn’t always easy. Now, the Financial Conduct Authority (FCA) has set out to make the situation clearer.

LifeMiles to offer travel insurance through novae deal

Latin American airline loyalty programme LifeMiles is offering travel protection to customers through new partnership with novae.

SIMON Markets forms partnership with Raymond James to support digital annuities

SIMON Markets and Raymond James Financial have formed a partnership to help advisors improve their digital annuities processes.

Indonesian InsurTech Qoala said to net $13.5m in its Series A round

Indonesia-based InsurTech platform Qoala has reportedly netted $13.5m in its Series A round, which was led by Centauri Fund, a joint vehicle from Kookmin Bank and Telkom Indonesia.

Partech closes $100m fund to invest in startups shaping a post-coronavirus world

Having previously invested in several FInTech companies, Partech is now aiming to inject even more capital into promising ventures after closing its latest seed fund – Partech Entrepreneur III.

Hi Marley extends pilot with Plymouth Rock Assurance

InsurTech platform Hi Marley has expanded the pilot programme of its claims text messaging solution with Plymouth Rock Assurance.

InsurTech Getsafe is thriving thanks to COVID-19 and has just launched a new accident...

German startup Getsafe has made its first step towards launching a life insurance offering and reveals how the coronavirus has helped the InsurTech boost the number of policies sold.

25 FinTech deals from last week and what they tell you about the state...

The FinTech funding rounds over the past week show that the coronavirus continues to affect the sector and also provide an opportunity to look closer at India's industry.

News Stories

Why “UK-hosted” cloud doesn’t mean what you think

Cloud computing has become a core function in modern finance and while many depend on it to store their sensitive data, they do not...
Quandri has announced new integrations with Vertafore AMS360 and HawkSoft, expanding access to its AI-powered renewal intelligence platform across two of the most widely used agency management systems in North America.

Quandri brings AI renewal automation to more North American agencies

Quandri has announced new integrations with Vertafore AMS360 and HawkSoft, expanding access to its AI-powered renewal intelligence platform across two of the most widely...
Atrium has deployed Sofix’s BrokerBrief solution to bring AI-powered claim analysis and summaries directly into its claims workflow across all classes of business.

Atrium deploys Sofix AI tool to streamline claims analysis

Atrium has deployed Sofix’s BrokerBrief solution to bring AI-powered claim analysis and summaries directly into its claims workflow across all classes of business. The deployment...
AI underwriting platform Sixfold has partnered with Munich Re to integrate its technology into Realytix Zero, the reinsurer’s cloud-based automated underwriting platform.

Munich Re integrates Sixfold AI to streamline underwriting workflows

AI underwriting platform Sixfold has partnered with Munich Re to integrate its technology into Realytix Zero, the reinsurer’s cloud-based automated underwriting platform. The integration enables...
Commercial insurance broker Pelican Insured has deployed the nCino SmartBroker × Acturis platform as part of its strategy to scale operations and strengthen client acquisition, compliance and underwriting processes.

Pelican Insured transforms broker workflows with nCino SmartBroker

Commercial insurance broker Pelican Insured has deployed the nCino SmartBroker × Acturis platform as part of its strategy to scale operations and strengthen client...
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