Infrastructure & Enterprise Software

There’s a quiet shift happening beneath the surface of financial service. It’s a move that is proving to be less about new tools arriving...

ZEDEDA, which provides a scalable cloud-based orchestration solution that delivers visibility, control and security for distributed edge computing, has raised $26m in Series B funding.

Fonoa, which helps automate tax processes, has closed its Series B funding round as it looks to expand its global tax solutions.

Much like the initial scepticism to credit cards when they were first introduced, there has been some apprehension over the use of e-trust solutions. However, the industry is proving they are secure and effective, and their use is on the rise. Electronic IDentification is on a mission to make digital identity solutions the norm.

Digital neobank Kroo has secured a full UK banking license, ahead of its plans to launch personal current accounts.

Cyscale, which provides complete cloud visibility, has reportedly raised €3m in its seed funding round, which was led by Notion Capital.

Personal income tax software platform Column Tax has reportedly raised $21.7m in its Series A funding round.

Cybersecurity unicorn Axonius has more than doubled its valuation to $2.6bn, following the close of a $200m funding round.

The Federal Reserve Board has proposed changes to how financial firms get access to the US Central Bank’s payment system, a report by PYMTS has revealed.

Moneyhub, the market leading Open Data and Payments platform, has called for greater data-sharing among financial firms as part of its response to the FCA’s Consumer Duty Proposals.