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Insurtech startup Afilio secures USD13m in Series A funding round

Afilio, a Berlin based Insurtech, has secured USD13 million in highly competitive Series A funding to support the expansion of their ‘Peace of Mind-as-a-Service’ platform offering users digital estate management services.  The round was led by CommerzVentures, the specialist fintech investor behind successes including Bought By Many, eToro, Marqeta, and

Cerberus portfolio company KBS acquires American Maintenance

Kellermeyer Bergensons Services, a trusted partner to operations and facility managers across North America, has acquired American Maintenance. KBS is a portfolio company of Cerberus Capital Management (Cerberus). Headquartered in Babylon, New York, American Maintenance is a leading provider of facility maintenance solutions. For more than 45 years, it has

ESG factors must play a far bigger role in M&A deal due diligence, says Accuracy

Analysis of a business’s Environmental, Social and Governance credentials must play a far bigger role in due diligence for M&A deals, says Accuracy, a global independent financial and strategic consulting firm. Accuracy says that businesses are becoming increasingly aware of how underperformance on ESG metrics can increase risks and affect

Auddy acquires Radio Wolfgang

Podcast publisher Auddy Limited has acquired Radio Wolfgang, producer of branded podcasts for clients such as Soho House, Greenpeace, Selfridges and Primark. Its personalities, presenters and stars have included Jonathan Ross, Rick Edwards and online sensation Estée Lalonde.

RSK secures GBP1bn sustainability-linked private credit financing deal from Ares

Funds managed by Ares Management Corporation’s European Direct Lending strategy are serving as the sole lenders of GBP1 billion of available debt facilities to the RSK Group (RSK), a UK-based privately-owned multi-disciplinary environmental business.  This transaction marks the largest private credit-backed sustainability linked financing to date and will be used

Fabric closes seed investment round led by Pandeavor Ventures and Arnhold

Fabric RQ, a startup founded by veteran risk manager Richard Bookstaber to provide institutional quality risk management software to individual investors through their financial advisors, has closed a seed round led by Pandeavor Ventures, Vikram S Pandit’s family office, and John P Arnhold, managing member of Arnhold LLC.

SoftWorks AI secures minority growth investment led by Long Ridge Equity Partners

SoftWorks AI (SoftWorks), provider of the Trapeze intelligent mortgage automation platform, has closed of a minority growth investment led by Long Ridge Equity Partners (Long Ridge), a private investment firm focused on the financial and business technology sectors.  CBC Companies (CBC), a holding company whose subsidiaries include Factual Data, DataVerify

BGF-backed Odro secures Hays deal

Recruitment specialist Hays has partnered with specialist tech provider Odro to give over 1,800 recruitment professionals across the UK and Ireland access to video interviewing and engagement technology in a multi-year partnership. The contract was confirmed earlier this month following a successful pilot programme which saw Odro roll out its

Objectway acquires Die Software Peter Fitzon

Objectway, Global Top 100 fintech leader in the Digital Wealth and Asset Management software, has acquired Die Software Peter Fitzon GmbH (DSW), a primary German provider of Core Banking solutions.    

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