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Whalebone Secures €13.35M in Funding to Accelerate Global Expansion in Cybersecurity Solutions
Whalebone, a cybersecurity firm specializing in telecommunications, has raised €13.35 million (around $14 million) in Series B funding, led by London-based Unbound, with support from existing investors. This investment will enhance Whalebone’s global expansion, customer success initiatives, and product development. The company aims to strengthen its presence in both the enterprise and public sectors while improving threat intelligence capabilities. Recently, Whalebone expanded into the APAC region, partnering with major telecom providers. Leaders from Unbound expressed confidence in Whalebone’s innovative cybersecurity solutions, highlighting the urgent need for enhanced protection against rising cyber threats.
Unlocking Wealth Transfer: How Technology is Revolutionizing Investment Strategies for the Future
The upcoming $18.3 trillion global wealth transfer is set to significantly transform the wealth management industry, as highlighted in Fincite’s WealthTech Radar 2025 report. Key trends include a demand for individualized, transparent services, self-service investment platforms, and the integration of alternative assets like cryptocurrencies. Automation, networking, and data-driven insights are essential for enhancing efficiency and client service. There is also a noted service gap for emerging investors in the low seven-figure range, which presents opportunities for traditional banks and FinTechs. Additionally, AI is becoming crucial in wealth management, and sustainable investments are gaining traction.
RetailBook Secures £4.5M Funding to Revolutionize Retail Investor Access in the UK FinTech Space
RetailBook, a UK FinTech platform, is transforming investment access for retail investors by allowing them to participate in primary capital market deals alongside institutions. The company recently raised £4.5 million in a funding round led by Augmentum Fintech, supported by investors like Peel Hunt and Hargreaves Lansdown. The funds will enhance services, expand asset offerings, and improve technology. RetailBook aims to bridge the gap between retail and institutional investors, recently bolstered by hiring the former PrimaryBid Capital Markets Team. Co-CEO James Deal emphasized the importance of retail participation in capital markets, while Augmentum’s CEO noted the platform’s potential to enhance market liquidity.
Transforming Healthcare Support: How AI Revolutionizes Member Services
One of the largest not-for-profit health plans in the U.S. has implemented Ushur’s AI Agent for Member Service to improve support for nearly 2 million Medicaid and Medicare members. This AI-driven solution enhances engagement and operational efficiency by providing interactive chat-based service requests on the health plan’s website. It addresses staffing challenges during peak periods and offers personalized, 24/7 support while ensuring HIPAA compliance. Since its deployment, the AI Agent has autonomously resolved over 36,000 interactions and managed 18% of web traffic through self-service. Future plans include expanding its knowledge base and integrating with call center systems to further enhance member experience.
UK FinTech Revving Secures £107M to Transform Invoice Factoring in Digital Media
Revving, a leading FinTech scale-up, has secured a £107 million investment to address cash flow issues in the UK adtech sector. Spearheaded by DWS, this funding includes £100 million for debt financing, aimed at enhancing liquidity. Revving offers a technology-driven alternative to traditional invoice factoring, allowing adtech businesses quicker access to working capital by integrating with digital marketplaces. This funding will help tackle extended payment terms and facilitate up to £1.8 billion in financing over three years, potentially generating an £8.6 billion economic impact. CEO Chris Pettit emphasized the importance of combating late payments affecting over 50,000 businesses.
Convex Group Secures Green Light for Launch of Lloyd’s Syndicate 1984
Convex, a prominent specialty insurer and reinsurer, has received in-principle approval to establish Lloyd’s Syndicate 1984, aiming to enhance its global presence and capture opportunities in the Lloyd’s market. The syndicate plans to generate £150 million in gross written premiums by 2025, focusing on sectors such as Accident & Health, Casualty, and Marine. Jacqueline Wiffen will lead the syndicate, supported by partnerships with Gallagher Re and Asta. CEO Paul Brand expressed optimism about this venture, reinforcing Convex’s commitment to expanding its business. Industry leaders have welcomed Convex’s entry into the Lloyd’s market, praising its underwriting expertise.