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Deal Updates

Avalara picks up $96m to make compliance less taxing

Cloud-based tax compliance company Avalara has raised $96m in a new round that takes its total funding to more than $300m.

Zero scoops up $2.5m for debit cards with credit card perks

Mobile banking startup Zero has raised $2.5m in a seed round of funding led by ENIAC Ventures. New Enterprise Associates, Nyca Partners, Lightbank and Middleland Capital also participated.

Bricklane.com takes £1.3m for property ISA

London PropTech startup Bricklane.com has raised £1.3m in seed funding. The pre-launch investment comes from UK online property portal Zoopla and LocalGlobal.

OurCrowd rakes in $72m for equity crowdfunding

Equity crowdfunding firm OurCrowd has raised $72m in Series C funding. The round’s investors are undisclosed.

Metromile parks $103.5m for pay-by-the-mile car insurance

Pay-per-mile car insurance firm Metromile has landed $103.5m in a Series D round of funding. The capital comes from Canadian insurer Intact Financial and China Pacific Insurance (CPIC).

JP Morgan partners and takes stake in InvestCloud

The US’ largest bank by assets, JP Morgan is investing in Los Angeles FinTech company InvestCloud and partnering with it to deploy customised dashboards to investors.

Challenger bank OakNorth hits profitability in first year

Entrepreneur-focused challenger bank OakNorth is proving just how big an impact these digital-only alternatives could have on traditional banking by breaking even in its first year on the market.

Chinese credit card app grabs $310m at $1bn valuation

Credit card management app U51.com is the latest Chinese FinTech startups to land a $1bn-plus valuation as the company announces its $310m Series C round.

FinanceFox lands $28m in largest European InsurTech deal

The InsurTech space continues to excite investors with the largest funding round raised in Europe to date just being picked up by FinanceFox.

Chinese lenders still popular as FirstP2P nabs $70m

Peer-to-peer lender FirstP2P has raised $70m in its Series C round of funding from CCB International and San Shan Capital Partners.

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