Matic, a prominent embedded InsurTech platform, recently announced a successful fundraising round of $20 million as an extension to its Series B. The financing round saw participation from previous backers and was predominantly driven by new investors. Matic’s Embedded Insurtech Platform Matic is known for its seamless integration within the homeownership journey, offering consumers a convenient way to save both
Opsera, a leading Unified DevOps platform utilized by top Fortune 500 companies, has announced the successful closure of a Series A Plus funding round, securing $12 million. This funding round aims to support the development and implementation of Hummingbird AI, a generative AI initiative, and accelerate the overall growth of Opsera in the market. With the introduction of Hummingbird AI,
India-based insurtech firm InsuranceDekho recently secured $60 million in Series B funding, a combination of equity and debt capital. This funding round aims to propel the company’s growth and expand its market presence. Led by Eurazeo, Mitsubishi UFJ Financial Group, and Beams Fintech Fund, this investment comes as InsuranceDekho seeks to supercharge its operations and revolutionize the insurance sector in
In a significant stride towards advancing liquid cooling technology, JetCool, a leader in microconvective cooling technology, has successfully raised $17 million in a Series A funding round. The investment was led by Bosch Ventures, a prominent venture capital firm, with participation from In-Q-Tel, Raptor Group, and Schooner Capital. The substantial funding will help JetCool further develop its innovative cooling solutions,
Over the past few years, the digital payment landscape in Asia has undergone a significant transformation. As electronic money (eMoney) transactions continue to trend upward, eCommerce merchants must adapt to this change and provide acceptance for multiple payment forms like QR codes and digital wallets. In this article, we will explore the importance of embracing local payment possibilities, the efforts
In today’s digitally-driven world, payment gateways play a crucial role in facilitating secure and efficient online transactions. A payment gateway is a secure online service that connects the merchant’s website and/or point of sale system to the payment processor. It acts as a bridge between the customer’s card issuing bank and the merchant’s bank, ensuring seamless payment processing. Importance of
In today’s rapidly evolving financial landscape, embedded finance has emerged as a powerful tool for banks to unlock new revenue streams. By seamlessly integrating financial services into non-financial platforms, banks can tap into a vast customer base and offer convenient and tailored solutions. However, adopting an effective embedded finance strategy requires a comprehensive understanding of capabilities and a commitment to
BlackRock, the world’s largest asset manager, continues to make strategic investments in the financial technology sector. In its latest move, the company has joined the €30 million funding round of German fintech Upvest, aiming to leverage the growing trend of digital wealth management in Europe. By participating in Upvest’s funding round, BlackRock intends to attract more retail investors to the
In an effort to broaden the reach of digital payments, Hepsipay, the platform wallet introduced by Hepsiburada, has partnered with Visa, the global leader in digital payments. This strategic collaboration aims to empower Hepsipay users by enabling the global acceptance of their digital prepaid cards for both online and physical purchases. With Visa’s advanced security products and services and Hepsipay’s
The financial technology (FinTech) sector has witnessed significant growth in recent years, revolutionizing the way we make payments, transfer money, and conduct business transactions. Among the distinguished leaders in this sector are BLS E-Services, Razorpay, PayPal, Paytm, and PayU. These companies have earned their reputation by offering comprehensive solutions that cater to the diverse needs of both consumers and businesses.
Paystand, the fastest-growing blockchain-enabled B2B payments platform, has announced its integration with Microsoft Dynamics 365 Business Central. This integration aims to streamline accounts receivable automation for small and medium-sized businesses (SMBs) finance departments. By eliminating slow manual processes, reducing days sales outstanding (DSO), and speeding up time-to-cash without any fees, Paystand revolutionizes the way businesses handle their accounts receivable processes.
India-based Onsurity, an SME-focused, subscription-led employee healthcare benefits provider, has successfully raised $24m in a Series B funding round. The funding round, which saw participation from key investors including IFC, Nexus Venture Partners, and Quona Capital, reflects the growing demand for technology-driven solutions in the insurtech space. Diving into what Onsurity offers, the company is revolutionizing the InsurTech space by
