Prophet Security, a company that has just stepped out of stealth mode, has announced securing $11m in seed funding. This round of financing was led by Bain Capital Ventures (BCV) with notable participation from various security leaders and angel investors. The new investment will boost Prophet Security’s mission to automate and enhance security operations with its flagship solution, Prophet AI for Security Operations. This AI-driven platform is designed to triage, investigate, and respond to security alerts rapidly, often in seconds, which substantially reduces the mean time to response (MTTR ..read more

Bump, a Los Angeles-based WealthTech and FinTech platform, has successfully closed a $3m seed funding round. The investment was spearheaded by a consortium of influential investors such as Impact X Capital, Capitalize VC, Serac Ventures, Tristan Walker’s Heirloom Ventures, Plug and Play, Symphonic Capital, Gaingels, and Mana Ventures. Additionally, existing investors Snap Inc, H/L Ventures, Connetic Ventures, and Sixty8 Capital have also contributed, further solidifying their commitment to Bump’s vision. Bump is dedicated to addressing the unique financial needs of the creator community by off ..read more

401GO, a leading FinTech company dedicated to modernising retirement planning, announced today that it has successfully secured a $12m Series A funding round. The investment was led by Next Frontier Capital with additional contributions from Rally Ventures, and supported by existing investors Impression Ventures and Stout Street Capital. This fresh capital will be used to expand 401GO’s suite of products, which aims to bring the future of retirement planning to today’s workforce. The company’s cutting-edge technology combined with personalised advisory services allows them to offer unique solu ..read more

Fundpath, a pivotal player in the WealthTech sector, recently confirmed a new investment milestone with a £2m funding round. This financial boost was provided by their venture capital partner, Fuel Ventures. The fresh capital follows a previous investment of £4m made in March 2023. Fuel Ventures has demonstrated its continued faith in Fundpath through its ‘Follow-On EIS Fund’ and the newly introduced ‘VCT Fund’. These investment vehicles are tailored to support high performers from the ‘Scale-Up EIS Fund’, a testament to Fundpath’s solid performance and potential within the tech industry. Fund ..read more

Programme Sirius was launched today with the support of 13 prominent FinTech companies from the Asia-Pacific region, aiming to enhance sustainability and inclusion for Micro, Small, and Medium-Sized Enterprises (MSMEs). This initiative aligns with the United Nations Sustainable Development Goals and is poised to transform the operational landscape of MSMEs towards more sustainable practices. The driving force behind Programme Sirius is to provide a knowledge-sharing platform that encourages dialogue and the exchange of innovative ideas on sustainability. This collaborative effort is designed t ..read more

The Financial Conduct Authority (FCA) is enhancing its support for the FinTech industry by confirming new anti-greenwashing guidance ahead of its enforcement starting 31 May. This initiative is part of a broader effort to fortify consumer trust and ensure the accurate representation of sustainable products and services in the financial market. Designed to safeguard consumer interests, the new rule mandates that all sustainable finance products and services are precisely described, matching their real-world impact. This measure is set against the backdrop of growing consumer enthusiasm for sust ..read more

Sustain Exchange has launched its SustainAble Exchange, coinciding with Earth Day celebrations. This launch follows a successful $2m seed funding round, setting the stage for a new era of sustainable commerce. The platform is uniquely designed to empower its members to significantly impact the environment positively by aligning with the 17 UN Sustainable Development Goals (SDGs). SustainAble Exchange serves as a beacon for the integration of environmental, social, and governance (ESG) principles into daily business transactions, encouraging a global movement towards sustainability. Central to ..read more

RockFi, a Paris-based FinTech company, has successfully raised €3m in a fundraising round. The round was spearheaded by Varsity I, a venture fund launched by Didier Valet, former Deputy CEO of Societe Generale, according to a report from EU Startups. The investment round also saw contributions from tech and private management business angels, including figures such as Kerala founding partner Antoine Freysz, Hexa co-founders Amaury Sepulchre, and Tractable founder Alexandre Dalyac. RockFi is poised to establish itself as a leader in private wealth management, aiming to make the high standards o ..read more

Arthur J. Gallagher & Co., a global insurance brokerage, has announced the acquisition of Australia-based Prasidium Credit Insurance. The move signifies the company’s strategic move to strengthen its presence and offerings in the Australian trade credit insurance market. By bringing Prasidium’s expertise and client base into its fold, Gallagher aims to expand its reach and deliver enhanced services to clients seeking trade credit insurance solutions. The acquisition aims to enhance Gallagher’s trade credit capabilities in the Australian market by utilising Prasidium’s expertise. The terms ..read more

FinTech Global recently spoke to RegTech firm RelyComply to delve deeper into the role artificial intelligence will play in transaction reporting. Founded in 2019, RelyComply is an all-in-one compliance solution that streamlines financial services AML/CFT processes. Their platform enables customers to mitigate risk in tough regulatory environments, automate compliance processes into a single view, and effectively combat financial crime During this interview, FinTech Global and RelyComply discussed a wide range of topics, including: What inspired the creation of RelyComply An outline of the co ..read more