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Shift Technology raises $10m to help insurers fight fraud

Shift Technology, a software-as-a-service platform that uses the latest advances in data science and machine learning to help insurers detect claims fraud, announces today a $10 million Series A investment led by Accel, with participation from previous investors Elaia Partners and Iris Capital.

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SEB and ABN Amro join $10 million round in PFM startup Tink

Sweden's SEB has contributed $4.2 million to a $10 million funding round in local PFM outfit Tink, making it the fifth-largest shareholder in the 10-person startup.

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Wirecard reports strong first quarter

Following the positive start to the current fiscal year, continued dynamic growth of Wirecard AG is expected during the course of the year.

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Aviva invests in tech accelerator

UK insurance and finance group Aviva has made an undisclosed investment in Founders Factory, a digital accelerator and incubator co-founded by Brent Hoberman, Henry Lane Fox and Jim Meyerle.

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Fitbit buys Coin assets for wearable payments play

Thirsty joggers could soon be buying their bottles of water with their Fitbits after the activity tracking company bought the wearable payments assets of Coin. Financial terms of the deal - which marks the end of the road for Coin - were not disclosed.

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First Derivatives posts revenue rise

FD (AIM:FDP.L, ESM:FDP.I), a provider of software and consulting services, announces its Full Year Results for the 12 months ended 29 February 2016.

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UBS strikes alliance with robo-advisor SigFig

UBS has invested in wealth management tech firm SigFig as part of a strategic alliance that will also see the San Francisco startup create digital tools for the Swiss bank's US advisors.

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Indian online lender Capital Float raises $25m

Capital Float, India's largest online lending platform, has raised $25 million in a Series B funding round led by Creation Investments Capital Management.

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Dimoco buys direct carrier billing outfit Onebip

Dimoco, a leading payment institute for carrier billing services, today announced that it is acquiring Onebip SpA, a mobile payment company specialized in direct carrier billing services, to enhance its services and European market position.

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Barclays provides £1 million venture funding to AccessPay

Barclays have cemented their strong working relationship with AccessPay, by providing a £1m loan to help the innovative Manchester fintech company explore further growth opportunities.

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Tandem to kick off crowdfunding campaign on 20 May

Tandem Bank is to kick off its £1 million crowdfunding campaign on 20 May with the support of Seedrs, enabling future customers to own shares in the mobile-first challenger bank.

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IPad POS outfit orderbird scores EUR20 million investment

orderbird, the leading iPad point of sale (POS) solution in the German speaking markets, closes a series-C financing round totaling more than 20 million Euros. Digital+ Partners, as lead investor, and METRO GROUP have together invested 16.5 million Euros as new shareholders and strategic partners into orderbird.

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Groupon sells Breadcrumb POS biz to Upserve

Upserve announced today it has acquired Breadcrumb from Groupon (NASDAQ: GRPN), creating the industry's largest cloud-based restaurant management platform serving more than 6,000 restaurants in every U.S. state.

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Equity crowdfunding firm SyndicateRoom to open Series A round

SyndicateRoom, the equity crowdfunding platform which pioneered the investor-led model, today announces plans to open its Series A funding round for investors. The offer will open on SyndicateRoom’s platform on Tuesday 10 May at 09:00.

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Square shares tank

Shares in Jack Dorsey's Square plummeted 20% on Friday amid concerns about rising first quarter net losses and the financing of its merchant lending programme.

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Fiserv tops Q1 EPS forecasts

Fiserv, Inc. (FISV), a leading global provider of financial services technology solutions, today reported financial results for the first quarter of 2016.

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SS&C posts Q1 results

SS&C Technologies Holdings, Inc. (SSNC), a global provider of investment and financial software-enabled services and software, today announced its financial results for the first quarter ended March 31, 2016 .

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Broadridge Q3 in line

Broadridge Financial Solutions, Inc. (BR) today reported financial results for the third quarter of its fiscal year 2016.

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Azimo wins backing of Rakuten Fintech Fund for Asian expansion drive

Digital money transfer startup Azimo has secured the backing of Rakuten Fintech Fund in a new $15 million financing round to fuel its plans for expansion into Asia.

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GMO-PG leads investment in MobiKwik

GMO Internet Group company, GMO Payment Gateway on April 27, 2016 made an undisclosed amount of investment through GMO Global Payment Fund, in One MobiKwik Systems Private Limited, which offers mobile wallet services in India.