SaaS Fintech Griffin Secures Additional $15.5 Million in Funding in Quest to Become the Bank Fintechs can Build on

Griffin – a Banking as a Service (BaaS) fintech firm – announces it has raised $15.5 million (£12.5 million) in funding to launch the OS for embedded finance. The round was led by Notion Capital, with participation from existing investor EQT Ventures as well as fintech angels including William Hockey, co-founder of Plaid and founder and co-CEO of Column, Nilan Peiris, VP of Growth at Wise, Rob Straathof, CEO at Liberis and Shane Happach, CEO of Mollie and ex CCO Worldpay.

Lucinity Raises $17 Million in a Series B Funding Round to Provide Banks with Productivity Tools to Fight Financial Crime

Lucinity announced the closing of a $17 million Series B investment round, led by Keen Venture Partners and joined by Experian and its major existing investors, Crowberry Capital, Karma Ventures, and byFounders.Lucinity's mission is to Make Money Good™ through Human AI. By delivering user-centric compliance systems augmented by artificial intelligence (AI), Lucinity has helped various banks and FinTechs increase their compliance productivity by over 50%.

Insurance Startup YuLife Raises $120m

After raising $120 million in a Series C fundraising round led by Dai-ichi Life Insurance Company, the UK-based insurance company YuLife is poised for global expansion. YuLife's life insurance product allows policyholders to do ordinary wellness activities to earn YuCoin, which they can use to purchase gifts for themselves, friends, and family, or to better the world by planting trees and donating to charity.

Sonovate Announces £165 Million Securitisation with BNP Paribas and M&G

Sonovate, the leading provider of embedded finance and payment solutions for the contingent workforce, announced that it has completed a new securitisation deal with BNP Paribas and M&G Investments, adding £165 million to its funding structure. The deal is an endorsement of Sonovate's position as a fintech industry leader and reinforces its high-growth trajectory, enabling it to lend over £1.3 billion in invoices this year alone.

SleekFlow Launches in the UK Following $8M Series A Funding Led by Tiger Global

SleekFlow, a leading SaaS omnichannel social commerce platform, has launched its new UK operation following an $8m Series A funding round. The company, which has over 5,000 clients globally, has appointed e-commerce industry specialist Craig Johnson as its UK sales director and opened its doors in Waterloo, London. Craig previously led business development at a shipping e-commerce provider. 

Insurtech Startup Konsileo Raises £4.7M in Series A Funding with Support from Committed Capital and ACF Investors

Konsileo, the commercial insurance broker and risk management adviser, announced the completion of a £4.7 million Series A funding round. The round was led by Growth Tech VC Committed Capital, which first invested in Konsileo in 2018, and which provided £3.23m of the current funding round. New investors include a £900,000 investment from ACF Investors, a UK venture capital fund and angel investors.