![]() ![]() The UK was responsible for two of the biggest deals, RegTech company Applied AI and Data & Analytics developer V7. These were PayTech Teampay, WealthTech Greenwood, RegTech Sphere Technology and CyberTech Pangea. The US led the group with the most deals in the top 10, representing four deals. It builds insurance infrastructure which is powered by artificial intelligence and big data to help customers find policies which best meet their lifestyle and needs. InsurTech platform Igloo was the ninth biggest deal, pulling in $27m. Matrixport wasn’t the only Singaporean FinTech company to feature in this week’s top ten deals. The company is a one-stop financial services platform and currently offers a full-suite of cryptocurrency services, including institutional custody, trading, structured products and asset management. Following the close of the deal, the FinTech company’s valuation has increased by $1bn to reach $1.5bn. Singapore’s Matrixport secured the biggest deal, pulling in $100m. There were 24 funding rounds this week in FinTech, with a total of $648m raised. The ten biggest deals of the week raised a total of $503m, as the market sees a lot of smaller deals. ![]()
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