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Cover Whale Announces $27.5 Million Investment by Morgan Stanley Expansion Capital

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.

Friday, May 24, 2024 - 10:42
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/news/insurtech/cover-whale-announces-275-million-investment-morgan-stanley-expansion-capital
Financial IT
New Report Provides Critical Insights into CFO Adoption of Generative AI

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.

Friday, May 24, 2024 - 10:35
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/news/artificial-intelligence/new-report-provides-critical-insights-cfo-adoption-generative-ai
Financial IT
BBVA Steps Up Its Plans in Artificial Intelligence by Signing an Agreement with OpenAI
Friday, May 24, 2024 - 10:24
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/news/artificial-intelligence/bbva-steps-its-plans-artificial-intelligence-signing-agreement-openai
Financial IT
Five Startups Selected for the 2024 Visa Accelerator Program in Asia Pacific to Tackle Gen AI and Embedded Finance Solutions

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.

Friday, May 24, 2024 - 10:18
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/news/payments/five-startups-selected-2024-visa-accelerator-program-asia-pacific-tackle-gen-ai-and
Financial IT
Orca Fraud Raises $550k to Fight Fraud in Emerging Markets

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.

Friday, May 24, 2024 - 10:13
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/news/fundraising-news/orca-fraud-raises-550k-fight-fraud-emerging-markets
Financial IT
Metro Cable Teams Up with Velmie to Launch Vult: Revolutionary Digital Wallet in Sierra Leone

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.

Friday, May 24, 2024 - 10:04
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/news/e-wallets/metro-cable-teams-velmie-launch-vult-revolutionary-digital-wallet-sierra-leone
Financial IT
PayRetailers Acquires Payment Company Transfeera in a Strategic Move to Expand Its Business in Brazil

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

Friday, May 24, 2024 - 09:51
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/news/payments/payretailers-acquires-payment-company-transfeera-strategic-move-expand-its-business
Financial IT
Interview with Richard Helliar, VP Sales, Sift, at ePay Summit Europe
Friday, May 24, 2024 - 08:19
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Financial IT
Bakkt Strengthens Leadership Team with Appointment of Ray Kamrath as Chief Commercial Officer

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.

Thursday, May 23, 2024 - 15:35
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/news/people-moves/bakkt-strengthens-leadership-team-appointment-ray-kamrath-chief-commercial-officer
Financial IT
Square Launches Tap to Pay on iPhone in Canada

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.

Thursday, May 23, 2024 - 15:30
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/news/payments/square-launches-tap-pay-iphone-canada
Financial IT

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