Markel, the insurance operations within Markel Group Inc. (NYSE: MKL), today announced the launch of its new FintechRisk+ insurance policy, underlining its long-term commitment to provide market-leading coverage and service solutions for fintech companies in an increasingly complex market.

Form3, the cloud-native account-to-account platform, today announces a new investor, British Patient Capital. Alongside existing strategic and financial investors including Visa, Form3 has now raised a total of $60m in C-series extension funding to continue its growth journey.

This funding will enable Form3 to develop new products and services to help support exponential growth in key markets such as the UK, Europe and the US.

The view from (and into) the Middle Kingdom

Who will finance - and settle - all the imports and exports?

Sibos 2024  - the theme of which is ‘connecting the future of finance’ - takes place at the China National Convention Centre (CNCC) in Beijing on 21-24 October, or about a fortnight before the US Presidential Election. 

London-based investment firm Outward VC has announced the first closing at £51m of its Fund II. The fund has received a cornerstone investment of £30m from the British Business Bank, which is deploying capital through its Enterprise Capital Funds programme, which has a strong track record in backing emerging, UK-based Venture Capital fund managers. A wide range of private investors are also participating in the fund.

Versana today announced the closing of a $26 million capital raise with the addition of Barclays as an investor in its centralized, real-time digital data platform. Existing investors Bank of America, Citi, Deutsche Bank, J.P. Morgan, Morgan Stanley and Wells Fargo also participated in this round. In addition, Barclays joins as a subscriber and provider of its agented corporate loan data, becoming the tenth bank to commit to Versana's next-generation platform.

Primer, the unified infrastructure for global payments, today announced the appointment of Alex Mallet as its new Chief Technology Officer (CTO). This strategic appointment demonstrates Primer’s commitment to developing robust and cutting-edge infrastructure for its global customer base.

AbbeyCross, the platform focused on improving connectivity and access in global FX payments announced today that Wise Platform, Wise’s global payments infrastructure for banks and global enterprises, has joined the ABX Platform as its newest payment partner.

Payhawk, the global spend management solution that helps businesses manage company cards and payments at scale across 32 countries, today announces the launch of new innovations as part of its ‘Fall Edition’ product release.