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Today In Digital-First Banking: Next Insurance Aims To Raise $250M In Funding; FLEETCOR Agrees To Purchase AFEX

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In today’s top news in digital-first banking, Next Insurance is aiming to raise new capital that would value the FinTech startup at $2.25 billion, and FLEETCOR has come to an arrangement to purchase cross-border payment company Associated Foreign Exchange (AFEX).

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Banking-as-a-Service Tops This Week's B2B VC Roundup

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But it was a Banking-as-a-Service company that led the roundup this time, with one startup looking to expand into Credit Cards-as-a-Service with its latest investment. Osome connects small and medium-sized businesses to a digital business assistant app to automate accounting, payroll and tax compliance workflows. and Hong Kong.

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Red Hat: Innovating Payments The Open Source Way

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To stay competitive, especially with digital startups unencumbered by legacy systems, traditional financial institutions (FIs) need to deliver seamless customer services to individual consumers and enterprise customers alike. 1: Security. FIs, he said, have been consistently underestimating the end user’s expectation of security.

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B2B FinTechs Diversify Funding Strategies With M&A, IPOs

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Talk of a decelerating FinTech venture capital market continued to mount this week with reports that digital banking startup Aspiration is struggling to raise money. Indeed, WeWork’s recent troubles have shaken confidence in the tech startup funding environment. Funding Xchange secured $10.3 Also in the U.K.,

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US B2B Startups Fail To Land On The Board

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million to B2B startups. Adding to the confusion is the latest data from KPMG International and CB Insights, which revealed that private investment in FinTech startups more than doubled last year. Still, B2B startups continue to land on VCs’ radars. foreign exchange payments company FairFX scored nearly $7.5

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Robotics Process Automation Rakes In The VC Cash

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RPA is igniting chatter in the corporate finance community as professionals explore next-level analytics and automation functionality to enhance processes like accounts payable, accounts receivable, cash flow management and more. Another nine-digit investment round was landed by a startup this week.

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Today In Data: Investors Pony Up

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From small startups to large consortiums, these companies are raising a glass in thanks to their investors. 12 million | New equity secured by Blispay , the financing company for online merchants. The funds are flowing for companies large and small as they announce the outcome of recent investment rounds.