FinTech Global reported on another powerful week in the FinTech sector, with a total of $783m raised across 26 deals.   This top performing deal this week was found from a Dallas, Texas-based firm, Yendo, who pulled in an impressive $165m in debt financing. Yendo is a provider of a vehicle-secured credit card. Here are this week’s deals. Yendo secures $165m to expand vehicle-backed credit services Yendo, a Dallas, TX-based provider of a vehicle-secured credit card, has successfully raised $165m in debt financing. Founded in 2021 by Jordan Miller, George Utkov, and Daniel Ashy, Yendo offer ..read more

FutureMoney, a FinTech company founded by industry veterans, has launched a new micro-investing platform aimed at helping families build generational wealth. FutureMoney’s tech-enabled platform allows parents to create accounts for their children, set financial goals, and establish recurring deposits, all with a small weekly investment. The reason for this partnership is to address a gap in the market for parents seeking accessible and attainable ways to save for their children’s futures. By leveraging the power of compounding returns and tax advantages, FutureMoney aims to provide financial s ..read more

Camwood, a leading IT consultancy specialising in digital evolution through the lens of applications, has partnered with Pentaho, a subsidiary of the Japanese multinational conglomerate Hitachi, to bring its data analytics platform to market via a new managed services offering. The partnership aims to help customers unlock data insights and ensure they derive maximum value from their data assets. Camwood, with nearly 25 years of experience in optimising applications, will offer data assessments, migration to optimised storage, and ongoing management through a master service agreement with Pent ..read more

Erste Bank Hungary has launched Flight Delay Insurance, a new service available to its customers in the George app. This innovative insurance solution offers Erste customers protection against travel disruptions due to departure delays. Powered by leading InsurTech Companjon, the service automatically monitors the flight’s status and triggers a claim for HUF 16,000 compensation, which is instantly credited to the customer’s account when the delay reaches one hour. The insurance experience is entirely automated for Erste customers. On the day of departure, Companjon monitors the flight in real ..read more

HSBC Holdings has partnered with Ember, an accounting-software FinTech, to roll out accounting and tax tools for small UK business customers, according to a report from Bloomberg. HSBC is aiming to support these businesses in preparing for the UK’s Making Tax Digital (MTD) rules, set to come into force in 2026. These rules will require quarterly financial reporting instead of the current yearly data submissions. HSBC will offer its UK business customers on its online banking platform real-time profit and loss, self-assessment tax, and available dividends reports. This move positions HSBC to co ..read more

OTPless, a mobile authentication startup, has secured $3.5m in its pre-series A funding round. The round was led by SIDBI Venture and included investments from Venture Highway, FJ Labs, and Piper Serica, bringing OTPless’s total funding to $6.5m. Founded to transform the landscape of mobile authentication, OTPless aims to eliminate the need for traditional one-time passwords (OTPs). Instead, it offers seamless and secure sign-in methods via WhatsApp and other platforms, addressing security risks and simplifying user experience. The new funding will be used to scale OTPless’s operations globall ..read more

Osome, a leading finance admin platform for founders and small and medium businesses (SMBs), has announced the completion of its Series B funding round, raising $17m. The funding, a mix of equity and debt, comes from both new and existing investors. The company, which serves over 13,000 SMB customers and employs over 400 staff across Singapore, Hong Kong SAR, the UK, the Netherlands, the Philippines, and Malaysia, has seen significant commercial growth. In 2023 alone, Osome helped over 2,500 new businesses launch. Osome is dedicated to streamlining accounting, financial compliance, and other r ..read more

CUBE, a leading provider of ARI and RCM, has acquired Thomson Reuters Regulatory Intelligence and Oden products and businesses. CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), has acquired Thomson Reuters Regulatory Intelligence and Oden products and businesses. Thomson Reuters is renowned for its expertise in providing regulatory analysis and subject matter expertise, alongside world-leading journalism and news. This acquisition marks a major step forward in the firm’s growth strategy, aiming to deliver substantial scale across numerous ..read more

Assurant has announced the launch of a new solution designed to address the growing need for specialised tech support solutions tailored for residents in multifamily housing complexes. The offering, known as Assurant® TechPro, is designed to provide instant access to expert tech support for residents facing technical challenges with consumer electronic devices in multifamily housing. It allows property managers to alleviate their tech-related maintenance ticket burden while empowering residents to troubleshoot independently through a dedicated app. The product provides instant access to expert ..read more

ERM, the largest global specialist sustainability consultancy, has recently announced a strategic partnership with Workiva. The partnership aims to advise businesses and provide cloud-based technology solutions to collect and manage ESG data and disclosures in real time to shape their sustainability reporting. ERM specialises in sustainability consultancy services globally, offering expertise in sustainability strategy, climate change, and EHS (Environmental, Health, and Safety) matters. Workiva is a prominent cloud platform facilitating assured integrated reporting, simplifying complex report ..read more