Cover Whale Insurance Solutions, Inc., a leading insurtech specializing in connected insurance for commercial auto, today announced funding of $27.5 million in debt and equity from investment funds managed by Morgan Stanley Expansion Capital. The funding round, which also had existing debt investors convert into the Series A preferred, will support Cover Whale's continued growth and accelerate its progress toward transforming trucking insurance and improving safety on America's roads.

As generative AI continues to transform industries, Billtrust, a B2B order-to-cash and digital payments market leader, today released a new report uncovering perspectives from U.S. CFOs on the adoption and impact of this disruptive technology.

Visa, a global leader in digital payments, unveiled the five new startups selected for its Accelerator Program in Asia Pacific for 2024. This year's applicant pool saw talent from Bangladesh, Hong Kong SAR, Singapore, United States and Vietnam, all tackling cutting-edge solutions in artificial intelligence (AI) / generative AI, embedded finance, global money movement, digital acceptance and loyalty of the future.

Orca, a South African startup that works with banks and fintechs in emerging markets to fight various types of fraud, has raised a $550,000 pre-seed round. The money raised will be used to build simple, yet effective fraud prevention tools and iterate with customers in South Africa.

Velmie, a banking technology provider, is proud to announce its collaboration with Metro Cable - Sierra Leone's premier provider of high-speed gigabit internet access - to launch Vult. Vult is a modern digital wallet solution designed to offer users a secure and convenient way to make online transactions, deposits, withdrawals, pay bills and send and receive money in multiple currencies, all within a single platform.

PayRetailers, one of the leading fintechs in payments in Latin America, announces the acquisition of Transfeera, a regulated payment institution in Brazil.

Bakkt Holdings, Inc. (NYSE: BKKT) announced today that Ray Kamrath was appointed as the Chief Commercial Officer of Bakkt’s crypto business. In this newly created position, Kamrath will report to Andy Main, Bakkt’s Chief Executive Officer.

Today, Square launched Tap to Pay on iPhone in Canada, allowing Square sellers to be among the first businesses in the country to try the technology. Available within the Square Point of Sale, Square for Retail, and Square Appointments iOS apps, Tap to Pay on iPhone lets sellers accept contactless payments directly from their iPhone with no additional hardware or payment terminal required and at no additional cost, making it a powerful free to enable option for entrepreneurs.