EU’s COVID-19 ‘digital pass’ gateway system goes live

A technical system underpinning the European Union’s plan for a pan-EU ‘digital pass’ for verifying COVID-19 vaccination or test status across the region has gone live today, with a handful of EU Member States connected to the gateway and more expected to follow ahead of a July 1 full launch. The idea for the EU’s […]

Truebill raises $45 million for its personal finance app

Personal finance startup Truebill has raised a $45 million Series D funding round led by Accel. This comes just a few months after the company raised a $17 million Series C. Overall, the startup has raised $85 million since its creation. Existing investors Bessemer Venture Partners, Cota Capital and Eldridge Industries are also participating in […]

Brazil’s idwall raises $38M for identity validation platform

Online fraud and identity theft is a global problem that has only been exacerbated with increased online transactions amid the COVID-19 pandemic. In particular, it is estimated that Brazilian companies lose over $41 billion due to fraud every year. In an attempt to tackle this problem head on, Lincoln Ando and Raphael Melo started idwall […]

Line launches digital banking platform in Indonesia

Line Corporation, best known for its messaging app, launched a digital banking platform in Indonesia today. This means Japan-based Line Corp. now offers banking services in three of its biggest overseas markets: Indonesia, Thailand and Taiwan. Line Corp.’s Indonesian banking platform is the result of a partnership the company struck in 2018 with PT Bank […]

Freight forwarder Sennder raises $80M at a $1B+ valuation

Freight forwarding — the process of organising how and where items will be shipped around the world, and specifically the technology that underpins that work — continues to be a huge area of the logistics market, not least because of the huge boom in e-commerce in the last year, and because of the Covid-19-mandated need […]

European insurtech startup Wefox grabs $650 million at $3 billion valuation

German startup Wefox has raised a $650 million Series C funding round led by Target Global. Following this funding round, the company has reached a post-money valuation of $3 billion. Wefox is a digital insurer focused on personal insurance products, such as household insurance, motor insurance and personal liability insurance. “It’s much more than we […]