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Finance & Insurance

Scorechain closes EUR2m pre-Series A financing round

Scorechain, a provider of crypto risk-AML and compliance solutions, has closed a pre-Series A funding round of EUR2 million led by Tioga Capital (Luxembourg) and followed by Blockrocket (Germany) and CVVC Crypto Valley (Switzerland).

Taussig Capital acquires Spencer Re I I

Taussig Capital has acquired all of the voting shares of Spencer Re I I, an International Insurance Company founded in 2006 and licensed in Puerto Rico. Joseph Taussig, CEO of Taussig Capital, founded Spencer Re 16 years ago and served as its chairman until 2014. The company is being re-branded

Calculus Capital delivers four-times return with sale of software company CloudTrade

Calculus portfolio company, CloudTrade, has been acquired by Advanced, a provider of business software, delivering a four-times return to Calculus investors in just over three years.   The CloudTrade platform, which automatically processes and interprets electronic documents, is primarily used to automate invoice handling for large companies, which saves time,

PGIM Private Capital invests USD65m in ED&F Man Capital Markets US Holdings

PGIM Private Capital provided a USD65.0 million Senior Secured Credit Facility consisting of a USD50.0 million Senior Secured First Lien Term Loan and a USD15.0 million committed Delayed Draw Term Loan to ED&F Man Capital Markets US Holdings, Inc, a global financial brokerage business.  “We are pleased to provide funding

Fintech Juni secures USD52m in Series A follow-on led by EQT Ventures

Juni has secured USD52 million in a funding round led by EQT Ventures, with participation from FJ labs and other existing investors to add to the USD21 million already raised from a Series-A round in late June this year.  This boosts Juni’s Series A round to USD73 million and takes

Insurtech Tensorflight secures Series A funding

Tensorflight, an artificial intelligence and imaging-based insurtech, has announced a Series A funding round to accelerate market penetration and product optimisation across the multi-billion-dollar property insurance data analytics market.  The investment was led by QBE Ventures and includes new investors Tareyton Venture Partners and ff Venture Capital Poland. Participating prior

Apex Group closes acquisition of ARM Swiss Representatives

Apex Group Ltd (Apex or The Group), a global financial services provider, has closed of the acquisition of ARM Swiss Representatives SA (ASR), following regulatory approval from FINMA. ASR, a provider of Swiss Representation and Distribution services to foreign fund managers will now operate under the Apex sub-brand, FundRock, strengthening

Howden acquires Aston Lark

Howden, the international insurance broking group, is to acquire Aston Lark from Goldman Sachs Asset Management and Bowmark Capital. Aston Lark is one of the UK’s leading, independent, specialist complex commercial and private client brokers. The deal is subject to regulatory approval. The highly complementary union completes Howden’s UK broking

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