Meniga picks up €7.5m to help banks adapt to FinTech
Digital banking platform Meniga has picked up €7.5m in a round led by Nordic VC Industrifonden. Existing backers Velocity Capital, Frumtak Ventures and Kjolfesta also participated.
Trov secures $45m to insure items on-demand
On-demand insurance startup Trov has secured $45m in a Series D round led by Munich Re / HSB Ventures. The company says all of its Series C round investors participated in the round.
Former Lending Club CEO launches rival platform with $60m
Former Lending Club CEO Renaud Laplanche is launching a new consumer lending startup with $60m in funding.
Chinese credit assessment startup Wecash lands $80m
Chinese online credit evaluation platform Wecash has raised $80m in a Series C round from China Merchants Innovation Investment Management, Forebright Capital Management and SIG.
Oval Money takes €1.2m for personal savings app
Personal saving and investment app Oval Money has secured €1.2m in funding from Italian banking group Gruppo Intesa SanPaolo.
Deutsche Bank buys 12.5% stake in TrustBills
Troubled German banking giant Deutsche Bank is making an investment in the FinTech space and taking a 12.5% stake in trade receivables marketplace TrustBills.
Softbank looks to sell Snapdeal’s FreeCharge for less than 50%
Japanese web giant and investor SoftBank is reportedly in talks to sell Snapdeal-owned mobile wallet FreeCharge for as little as $150m to $200m.
FinTech investor tryb pumps $4m into smart contracts firm Chinsay
Sweden-based smart contracts company Chinsay has picked up $4m from Singapore-based FinTech investor tryb Capital.
83North closes $250m fund to invest in Europe and Israel
London and Tel Aviv-based venture firm 83North has closed a new fund with $250m. The fund is the firm’s fourth raised in 11 years and brings its total under management to $800m.
Groundspeed Analytics nabs $2m for insurance data platform
Insurance data and machine learning platform Groundspeed Analytics has closed a $2m Series A round. InsurTech and FinTech investor ManchesterStory led the round.
