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Additional Resilience Funding Welcome in Queensland Budget
The Insurance Council of Australia (ICA) has welcomed the confirmation of $741 million in additional funding to better protect Queensland homes and communities from the impacts of extreme weather in the State Budget handed down today. The Government’s commitment to additional funding, co-funded by the Federal Government, matches the amount called for by the Insurance Council in its Building a more resilient Australia report released in February.
The ICA welcomes the extension of the Queensland Government’s $13.1 million Resilience and Risk Reduction Fund to support disaster mitigation projects and build resilience to worsening extreme weather in the State. The budget also includes a welcomed $170 million to build essential public infrastructure such as roads, bridges, causeways and culverts back to standard.
The ICA is pleased to see $900 million allocated to Queensland Fire and Emergency Services which will go a long way in supporting the vital work of the State’s first responders.
ICA CEO Andrew Hall said, “The ICA commends the Palaszczuk Government for this very significant increase in resilience funding, made in response to the devastating floods experienced in South-East Queensland in February and March this year. Last year the ICA was critical of the Government’s Budget for its lack of funding in this area, but it’s clear that this has now been reversed.
“Queensland is now leading the nation in terms of resilience and mitigation funding which is critical given the State’s exposure.”
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NUVA Digital Raises US$5.2M to Accelerate Development of Web3 Real-World Asset Platform NUVA
NUVA Digital, the software development company behind the RWA marketplace NUVA, today announced the successful closing of a US$5.2 million fundraising seed round led by Morgan Creek Digital. NUVA is the non-custodial, unified distribution layer for high-quality real-world asset (RWA) vaults. It offers users one-click access, enabling them to deposit stablecoins to mint liquid, composable tokens that deliver yield. NUVA ensures transparency and seamless DeFi composability with on-chain proof of reserves, without requiring minimum deposit requirements or lockups.
Rogo Raises $160M Series D to Scale the Agentic Platform for Finance
Rogo, the AI platform purpose-built for finance, today announced it has raised $160 million in Series D funding led by Kleiner Perkins, with participation from Sequoia, Thrive Capital, Khosla Ventures, J.P. Morgan Growth Equity Partners, BoxGroup, Mantis VC, Jack Altman, Evantic and Positive Sum. The Series D brings Rogo’s total funding to more than $300 million and positions Rogo to accelerate the company’s global expansion, deepen its partnerships with the world’s leading financial institutions, and scale its AI agent, Felix.
Ebury, Santander’s International Payments Fintech, Secures C.£550 Million to Accelerate Growth and Global Expansion
Santander has agreed to participate in c.£550 million funding rounds for Ebury, its global fintech platform focused on cross-border payments and international trade solutions
Performativ Raises $14m Series A Led by Large European Financial Infrastructure Provider
Performativ has raised $14 million in a Series A funding round, led by Deutsche Börse Group
Tenzo Secures $5m Series A Extension to Scale Real-time Data and AI for Hospitality Operators
Tenzo, the real-time data and analytics platform for hospitality operators, has secured a $5m first close of its Series A extension round. The round is led by Edge.vc, with participation from existing investors Amadeus Capital Partners and YourVC, alongside Frontive Holdings, one of Tenzo’s customers.
Goldman Sachs Alternatives Announces Strategic Investment in Kashable, Leading the Company’s Series C Equity Round
Kashable announced a $60 million Series C funding round, led by Sustainable Investing at Goldman Sachs Alternatives
CFIT Secures Huge Vote of Confidence with New Public and Private Funding to Drive UK Financial Innovation
CFIT has today announced new funding commitments from both HM Treasury and NatWest Group and reinforcing its role at the centre of the UK’s financial innovation ecosystem.
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