Parafin Raises $100M Series C To Redefine Small Business Financial Services
- 1 year 2 months ago
- Fundraising News
Parafin, which builds embedded finance infrastructure, has announced the close of its $100 million Series C financing at a $750 million valuation. The financing was led by Notable Capital, with significant participation from Redpoint Ventures. Existing investors Ribbit Capital, Thrive Capital, and GIC also participated in the round.
Databricks Is Raising $10B Series J Investment At $62B Valuation
- 1 year 2 months ago
- Fundraising News
Databricks, the Data and AI company, today announced its Series J funding. The company is raising $10 billion of expected non-dilutive financing and has completed $8.6 billion to date. This funding values Databricks at $62 billion and is led by Thrive Capital. Along with Thrive, the round is co-led by Andreessen Horowitz, DST Global, GIC, Insight Partners and WCM Investment Management.
Samantha Seaton Steps Down As CEO Of Moneyhub
- 1 year 2 months ago
- People Moves
Moneyhub, the pioneering force in Open Banking and Open Finance, today announces a leadership change, with Sam Seaton concluding her tenure as Chief Executive Officer. Anne de Kerckhove, Chair of the Board, Moneyhub will take on the role of Executive Chair of the group in the interim as the business looks to appoint a new CEO.
Boku Marks Accelerated Global Customer Traction And Rapid Payments Innovation In 2024
- 1 year 2 months ago
- Payments
Boku, the global network for localised payment solutions, marks a landmark year in 2024 with strong commercial growth (H1 24 revenues up by 24%), accelerated merchant adoption, a 30% increase in monthly active users, and the delivery of new strategic partnerships in key geographic regions -, most notably in Europe, APAC and Africa.
Triple-A And Rezo Money Partner To Enable Crypto-Based Mobile Recharges Globally
- 1 year 2 months ago
- Payments
Rezo Money, a payments platform for mobile recharges, bill payments, and financial transactions using digital currencies, is proud to announce its partnership with Triple-A, a multi-licensed global leader in cryptocurrency payment solutions.
Tuum Earns Recognition In Celent’s Retail Banking Core Systems: Next-Generation Core Banking Edition, 2024, Positioned As A Luminary And Functionality Standout Across Key Categories
- 1 year 2 months ago
- Banking
Tuum, a leading next-generation core banking technology provider, is proud to announce its inclusion in Celent’s highly regarded Retail Banking Core Systems: Next-Generation Core Banking Edition, 2024. This extensive evaluation highlights the most innovative and effective core banking solutions in the global market.
80% Of Companies Are Investing In AI To Improve Cash Flow Despite Budget Cuts
- 1 year 2 months ago
- Cash management
In collaboration with consulting and audit firm PwC France and Maghreb,
AstroPay Launches Multicurrency Wallet For Seamless Cross-Border Financial Management
- 1 year 2 months ago
- E-Wallets
AstroPay, a global fintech leader redefining cross-border finance, today announced the launch of its multicurrency wallet, a financial tool designed to simplify how users manage money across borders. The wallet enables individuals to hold, exchange, and transact in multiple currencies through a single secure app. Designed for global citizens, it empowers users to navigate the complexities of international finance, whether traveling, working...
bunq Becomes First Bank In The World To Launch Real-Time Speech-To-Speech AI Translation
- 1 year 2 months ago
- IT Innovations
bunq, Europe's first AI-powered bank, today announced a significant upgrade to its AI assistant, Finn, making it the first bank globally to introduce real-time speech-to-speech translation within its app. The enhanced Finn is now capable of instantly translating both the user’s speech and the support agent’s responses in real-time, ensuring a smooth conversation without the need for external translation apps. Besides, Finn now understands and...
Visa Helps Holiday Shoppers Stay Secure, Blocking Nearly 85% More Suspected Fraud Globally This Cyber Monday Compared To Last Year
- 1 year 2 months ago
- Security
Visa's critical investments in the fight against fraud are paying off for holiday shoppers this holiday season. On Cyber Monday alone, Visa blocked nearly 85% more suspected fraud globally compared to last year.1 Throughout the holiday weekend, suspected fraudulent transactions rose 200% around the world, due in part by the adoption of AI by fraudsters.2
Allica Smashes £3 Billion In Lending And £4 Billion In Deposits
- 1 year 2 months ago
- Digital banking
Allica Bank has smashed through £3 billion in lending and £4 billion in deposits as the UK’s established SMEs flock to the challenger that promises to deliver ‘business banking how it used to be, just better’.
bunq Introduces bunq Points: A Loyalty Program That Turns Everyday Spending Into Exclusive Rewards
- 1 year 2 months ago
- Digital banking
bunq, the second largest neobank in Europe, today unveiled bunq Points, its first loyalty program designed to reward users for everyday spending. Announced during the bunq Update 27 event in Amsterdam, the program is tailored to meet the needs of digital nomads and everyday users alike, offering exciting ways to make every euro count.
BVNK Secures $50M Series B To Accelerate Stablecoin Payments In The US, Backed By Haun Ventures And Coinbase Ventures
- 1 year 2 months ago
- Fundraising News
BVNK, the global leader in stablecoin payments infrastructure, today announced the successful closing of its $50 million Series B funding round, led by Haun Ventures, with participation from Coinbase Ventures, Scribble Ventures, DRW VC and existing investors Avenir and Tiger Global. Diogo Mónica (General Partner) is leading the deal on behalf of Haun Ventures.
Morgan Stanley Selects Wise Platform To Enhance Payments Capabilities For Corporate Clients
- 1 year 2 months ago
- Payments
Wise, the global technology company building the best way to move and manage the world’s money, today announced that it has been selected by Morgan Stanley, a leading global financial services firm, to facilitate Morgan Stanley’s foreign exchange international settlement capabilities for its corporate customers. Morgan Stanley will offer clients high-speed cross-border settlements through Wise Platform, Wise’s global payments infrastructure for...
Consumer Optimism Slips As Generational Divides Persist
- 1 year 2 months ago
- Personal Finance
Consumer optimism about household finances has fallen, according to data from TransUnion, a global information and insights company, released as part of its Q4 20
