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Napo Secures €14.4M to Transform Pet Insurance with Cutting-Edge AI and Automation
London’s InsurTech scene has been invigorated by Napo, a pet insurance company that raised €14.4 million in a Series B funding round, bringing its total funding to €36.1 million. Led by Mercia Ventures and supported by investors like DN Capital and Companion Fund, Napo aims to enhance its AI and automation capabilities. Founded in 2021, Napo offers unique features like dental coverage and fast claims handling, prioritizing quality with a Net Promoter Score over 70. Committed to transforming the industry, Napo’s ‘Fight Against Basic’ campaign seeks to educate consumers on the risks of low-cost insurance options.
2025 AML/CTF Amendment Bill: Essential Compliance Changes in South Africa You Need to Know
In December 2024, South Africa’s Treasury released a draft AML and CTF Amendment Bill, seeking public input to bolster the nation’s financial compliance framework and address its greylisting since February 2023. The bill aims to enhance compliance measures, prepare for a FATF evaluation in early 2025, and harmonize existing legislation. Key changes include mandatory enhanced due diligence for high-risk clients, public disclosure of beneficial ownership, and stringent reporting obligations. Non-compliance can result in fines up to R10 million or imprisonment. The bill underscores the need for robust compliance across various sectors and encourages the adoption of advanced technologies for better risk management.
2025 Key Fee Adjustments for Fund Marketers: Essential Insights for Europe
As the New Year approaches, fund managers must prepare for significant regulatory updates and fee changes influencing cross-border fund registrations in 2025. Key updates include Croatia’s periodic fee for marketing EEA UCITS set at EUR 1,500, and Czechia eliminating fees for foreign UCITS and EEA AIFs. Finland will charge no registration fees for UCITS, while annual fees for AIFs will increase. Guernsey adjusts its application fee to GBP 1,470, and Jersey introduces a GBP 686 fee for prospectus circulation. Malta and Sweden also adjust fees for AIF marketing. Staying informed is crucial for effective financial planning and operational efficiency.
Glide Secures $15 Million to Revolutionize Banking Infrastructure with Innovative Embedded FinTech Solutions
Glide, an embedded FinTech platform, has raised $15 million in a Series A funding round led by Acrew Capital, with participation from investors like Pear VC and notable figures such as Claire Hughes Johnson and Paul Williamson. The funding will enhance Glide’s solutions for community banks and credit unions, aiming to replace outdated legacy systems with a unified digital experience. Glide’s flagship product, Deposit Origination, streamlines account opening, reducing processing times significantly. In its first year, Glide partnered with 15 credit unions, demonstrating market traction. Mar Hershenson from Pear VC has joined the board to support Glide’s growth.
Borderless AI Secures $5M in Funding, Elevating Total Investment to $32M: The Future of HR Disruption
Borderless AI, a Toronto-based company specializing in AI-driven HR solutions, has raised an additional $5 million, bringing its total seed funding to $32 million. This investment will bolster its innovative HR offerings, particularly with the launch of HRGPT, an advanced AI search engine that streamlines HR processes by allowing users to search internal and external data for quick answers to HR queries and generate essential documents. Co-founder Willson Cross highlighted HRGPT’s unique focus on HR, enhancing efficiency. The funding will also support the expansion of their enterprise search product, promising significant improvements in HR management.
Revolutionizing Accounting Efficiency: AI Tax Co-Pilot TaxGPT Secures $4.6M Funding
TaxGPT, a San Francisco-based FinTech company, has secured $4.6 million in funding to enhance its AI tax co-pilot platform for accounting firms. Key investors include Rebel Fund, Mangusta Capital, Y Combinator, and notable individuals like Jason Calacanis. Founded in 2023 by Kashif Ali and Isabella Maceda-Ali, TaxGPT evolved from a personal tax challenge into a professional solution, now serving over 10,000 tax professionals. The funding will accelerate product development and expand the team. With increasing tax complexity and a looming CPA shortage, TaxGPT aims to leverage AI to streamline tax research and compliance for firms.