Thanks for reading Finovate’s Fintech Rundown! We’ve got a new administration in Washington, D.C. and a new week of fintech news and announcements. We’re starting off the holiday-shortened week with a funding in the payments space and a handful of new product launches in insurtech and crypto.
We will update Fintech Rundown all week long with the latest in fintech news.
Payments
Egyptian payment orchestration platform MoneyHash secures $5.2 million in Pre-Series A funding.
Worldline and Wix team up to boost online commerce and payments solutions for businesses throughout Europe and Asia Pacific.
Gala Technology launches SOTpay Connect, a comprehensive payments gateway that supports open banking, direct debits, omni-channel payments, and more.
Insurtech
U.K.-based insurance intelligence platform Percayso Inform unveils updated version of its Quote Intelligence platform.
Digital risk processing platform Cytora partners with property data solutions provider Smarty to enhance property risk evaluation for insurers.
Regtech
Procurement orchestration platform Omnea forges new partnership with banking technology company Thought Machine.
Regtech Regnology acquires Polish regulatory and supervisory technology company BR-AG.
Crypto / DeFi
Finland-based Virtual Asset Service Provider (VASP) Ovoro launches automated cryptocurrency investing app.
Cryptocurrency exchange and Web3 firm Bitget goes live with its Hold-to-Earn service, Bitget HodlerYield.
Lending
Digital banking experience platform Plumery introduces new digital loan origination journey, Digital Lending.
Small business banking
Independent consumer group and rating provider Fairer Finance launches new product ratings for business bank accounts.
Wealth management
Venture capital interval fund for retail and institutional investors, the Cashmere Fund, announces strategic collaboration with Apex Fintech Solutions.