Babel Finance, a wholesale crypto financial services provider, has completed an $80 million Series B financing round at a valuation of $2 billion. The main investors in this round include Jeneration Capital and 10T Holdings, as well as existing shareholders Dragonfly Capital and BAI Capital. Other investors include Circle Ventures and a number of family offices in the Asia-Pacific region. Babel Finance is one of the largest service providers to institutions in the crypto financial markets. The company limits its business to BTC, ETH and stablecoins, and serves a select clientele of about 500 customers. At the end of 2021,

Acuity Knowledge Partners’ (Acuity) FolioSure digital platform is transforming portfolio monitoring by enabling the accurate tracking and comparison of portfolio company performance. FolioSure can be fully integrated into existing tech stacks and processes enabling private equity and venture capital (PE&VC) firms to take full control of their portfolios’ lifecycles. FolioSure has multiple features, including a built-in cash flow engine to calculate gross and net total value to paid-in capital and the internal rate of return using fund cash flow, industry benchmarking for portfolio companies, foreign currency conversion and completely configurable reporting templates for limited partner reporting. 

Parameta Solutions, the data and analytics division of global inter-dealer broker TP ICAP, has announced that BT Radianz Cloud is now carrying SURFIX feed. SURFIX is an industry-leading service that enables customers to receive all TP ICAP market data in real time via a single, consolidated API feed rather than through multiple different feeds. The data encompasses the Tullet Prebon, ICAP and PVM brands and includes data sets covering Rates, FX, Money Markets, Energy & Commodities and other high quality, scarce market data.   Radianz Cloud links a global community of brokers, institutions, exchanges and clearing and settlement houses to

To better help asset managers of European funds be prepared for the upcoming compliance requirements and regulatory disclosure obligations under the Sustainable Finance Disclosure Regulation (SFDR), global Fintech leader.

Fusion Specialty, a leading M&A and Financial Lines insurance specialist that is transforming the insurance experience for small and mid-size (SME) businesses, has launched Fusion Americas (Fusion), offering new online solutions for M&A insurance in the US, headed by Managing Partner Brian Hayes. Working with Hayes will be Senior Partner of Underwriting & Operations Michael Mora and Partner, M&A, Michael Federer. Capacity is provided by first class security, including Markel International Insurance Company, and insurance cover will be delivered over the io.insure – InsurTech platform.

AGIC Capital, a European-Asian private equity fund focused on investments in high quality industrial and medical companies has acquired a majority stake in Grafotronic AB and its subsidiaries (Grafotronic), a manufacturer of roll-to-roll automated manufacturing solutions, from its current shareholders, for an undisclosed amount. Established in 2004, Grafotronic develops highly distinctive modular solutions for the digital label finishing and EV battery markets. It has achieved substantial growth over the last five years since focusing on the digital finishing segment, and is building its position into manufacturing technologies for a range of products in the EV battery market in partnerships with

iCapital1, a global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries, has been awarded three patents for technological advances in data security within the alternative investing process. The iCapital patents allow asset and wealth managers to generate and share investment documents containing confidential information without providing sensitive client data to third parties. When an advisor or fund manager uses the iCapital platform, these inventions provide the technology to display client data on iCapital’s transaction and service platform or in reports without iCapital taking possession of that data. This capability enhances iCapital’s ability

Global corporate finance advisory house Clearwater International has launched a new division which it believes could unlock £250 million of new domestic and international investment for high-growth businesses over the next three years. Clearwater Growth will provide a range of transaction services tailored to the needs of entrepreneurs and owner managers of businesses with turnovers up to £40 million and equity cheques up to £15 million.   It aims to meet demand from owner managers for corporate finance advisors capable of providing cost-effective access to international investors, deep sector expertise and sophisticated transaction processes.   With Clearwater International’s backing, the

Linedata, a global provider of asset management and credit technology data and services, has launched its Cognitive Investment Data Management Service, a front office data management solution for asset managers and alternative funds. With the rise of digital transformation and the explosion of data, asset managers and credit analysts are often strapped for time and facing an information overload. With this solution, investment teams can act faster to spot alpha while gaining back time and productivity. Intelligent data extraction cuts opportunity screening and idea validation times by nearly 60% compared to analyst-driven research.

Buck, an integrated HR, pensions, and employee benefits consulting, technology, and administration services firm, has launched Echelon+, an inclusive approach to defined benefit pensions governance to help protect trustees and sponsors from increasing complexity.