The Insurance Development Forum (IDF) announces the successful completion of the design of a parametric flood insurance solution for the Lagos State Government in Nigeria. The solution was developed as part of the Tripartite Agreement Programme of the IDF, the United Nations Development Programme (UNDP), and the German Federal Ministry for Economic Cooperation and Development (BMZ) through the InsuResilience Solutions Fund (ISF).

Consumer lender Fluro has appointed two new Non-Executive Directors to its Board, bringing decades of experience in the financial services and technology sectors, alongside regulation and governance.

Salt Edge, a global provider of API technology for financial services, has validated that its Open Banking API suite is fully compatible with IBM LinuxONE and IBM Z platforms and supported for deployment in production environments.

Trading and investing platform eToro has partnered with BridgeWise, a global leader in AI-powered investment intelligence, to launch ‘MidCapDiverse’, a portfolio designed to capture long-term growth opportunities in US mid-cap stocks.

Moniepoint Inc. (“Moniepoint” or the “Company”), one of Africa’s leading business payments and digital banking platforms, announces it has been named as one of the world’s top fintech companies by CNBC, reinforcing the Company’s pioneering role in widening access to financial services across the continent.

Cashflows, the platform that helps businesses easily accept payments, has partnered with bank payment company GoCardless to power Cashflows Payouts, a streamlined new solution that enables businesses to send real-time payments using account-to-account payment technology.

Axyon AI, a leading tech provider of Predictive AI-powered solutions for the investment management sector, has launched its first AI-powered index with a starting universe and index calculation services provided by leading global index provider Morningstar Indexes.

Spiko, a fintech transforming the European cash management market through tokenised infrastructure, has today announced $22 million in Series A funding led by Index Ventures, with participation from White Star Capital, Frst, Rerail, Bpifrance and Blockwall. The round was supported by notable angels, including Revolut co-founder Nikolay Storonsky, Kyriba founder Jean-Luc Robert, Bridge co-founder Zach Abrams, Wise CTO Harsh Sinha, Blackstone co-CIO Lionel Assant and Pennylane’s founding team.

Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, announced the release of Investment Themes, an intuitive discovery tool powered by Reflexivity that investors can use to move from market trends to actionable trade ideas more quickly and confidently. Available across IBKR’s powerful trading platforms, Investment Themes simplifies the research process by connecting companies, products, competitors, and regions across the entire S&P 1500 universe.

Quandri, the AI platform modernizing servicing work for insurance brokerages and agencies, has raised US$12 million, bringing the total funds raised since the company’s inception in 2021 to over US$20 million. The round was led by Framework Venture Partners with investors FUSE and Defined Capital doubling down on their existing investments in Quandri. The funding round also included an investment from Intact Ventures, a pre-eminent insurtech investment group backed by one of the largest providers of property and casualty insurance in North America. Quandri will use these funds to accelerate its go-to-market efforts, increase engineering and AI investments, and expand operations in both Canada and the U.S.

yetipay has raised £3.5 million to continue the expansion of its all-in-one payments platform

A new Mastercard report shows how SMEs are ready to expand beyond their borders

Citi’s Global Transfer Agency business has deployed Fenergo’s CLM platform to digitize investor onboarding and due diligence services for regulated funds

Sumsub, a global leader in verification and anti-fraud, has been named a Leading Vendor in Liminal’s Link Index™ for Transaction Monitoring. This inclusion reaffirms Sumsub’s AML Transaction Monitoring solution as a credible choice for businesses seeking a flexible, user-friendly, and integrated tool for fighting financial crime.

Coda, a global leader in digital content monetization headquartered in Singapore, today announced it has signed a definitive agreement to acquire Recharge, Europe’s leading prepaid payments platform, headquartered in Amsterdam. The transaction brings together two profitable regional leaders with scaled businesses, complementary strengths and a shared ambition to lead the future of global digital distribution and monetization.