Home insurance startup Openly, which specialises in distributing policies through independent agents, has secured $193m in a growth financing round to fuel its expansion efforts.
Month: February 2025
Clearcover launches General Agency to bring digital-first insurance to Texas drivers
Clearcover, a digital-first InsurTech company focused on modernising car insurance, has announced the launch of Clearcover General Agency (CGA) to serve the non-standard auto insurance […]
New IFRS guide simplifies climate-related financial reporting
In a significant step towards enhancing transparency in climate-related financial disclosures, the IFRS Foundation has released a pivotal guide titled “Applying IFRS S1 when reporting […]
Brooks Insurance expands underwriting division with key hire
Brooks Insurance, a nationally recognised wholesale insurance brokerage, has announced the appointment of Tiffani Ann Garabedian as senior vice president of underwriting, effective immediately.
Deepfake Dangers Escalate: AuthenticID Unveils Troubling Trends in 2025 Fraud Report
Identity fraud rates reached 2.1 per cent of transactions in 2024, with fraudsters increasingly leveraging artificial intelligence tools to target financial institutions, according to new […]
Fintech SMEs Lead City of London Tech Investment Surge, Report Finds
Fintech SMEs in the City of London have secured £4.3billion in equity investment since 2019, making the sector the most dominant in the Square Mile’s […]
UK Risks Losing AI and Tech Startups to Overseas Markets, Lords Committee Warns
The UK is failing to support homegrown AI and creative tech startups as they scale, putting the country at risk of becoming an ‘incubator economy’ […]
Nigeria’s Fintech Growth: Key Trends and Economic Shifts in 2024
With Africa’s largest population and a fast-growing digital economy, Nigeria is at a turning point. While oil has long dominated its economy, fintech and mobile […]
J.P. Morgan Backs Saudi Fintech Lendo with $690million Facility
Lendo, a debt crowdfunding platform based in Saudi Arabia, has secured a $690million warehouse facility from J.P. Morgan to enhance its support for small and […]
Singapore Clears Stance on Nvidia, DeepSeek Chip Export Allegations
Singapore has refuted claims that it served as a conduit for illicitly exporting Nvidia chips to Chinese AI giant DeepSeek, following reports that the US […]