Financial

Avaloq Ventures will invest in fintech startups on behalf of the financial services software provider, which backed cryptocurrency technology startup Metaco earlier this year.

NAB and US Bancorp subsidiary Evalon invested in a series C round that increased payment technology developer Poynt's overall funding to more than $130m.

Backed by Stanford-Start X Fund and a trio of corporates, Poynt has now received more than $128m in total for its payment processing terminal and software business.

Boehringer Ingelheim and Helsinn helped oncology vaccine developer Amal reach the second close of a series B round that now totals $32.7m.

Crowdfunding platform Readyfor has unveiled its first funding round, with investors including Globis, since launching from the wings of Tokyo internet services spinout Ohma in 2014.

The robo-advisor developer has raised a further $35.5m from the likes of Sony, Mizuho Bank and SBI Group to take its total funding to approximately $96m.

Innovative region: Brazil

This is our data snapshot based on last month’s investment activity. The charts and tables have been generated by our data platform GCV Analytics.

GCV Analytics defines the financial services sector as encompassing payment technologies and cryptocurrencies, personal finance and wealth management, insurance, alternative lending, crowdfunding, client and risk analytics, firms and funds, social investing and others.

The e-commerce anti-fraud platform developer secured $14m in a CommerzVentures-led round that also featured Munich Re/HSB Ventures.

In this short piece, we provide a comparison of our GCV Analytics data with Pitchbook’s data up until the end of the third quarter of 2018.