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Drivepoint Adds $9M from Top Tech and Consumer Investors to Accelerate AI Finance Platform for Retail Brands

Drivepoint, the AI-powered strategic finance platform for consumer brands, announced today that it has secured over $9 million in new funding to accelerate product innovation and go-to-market expansion. The total includes a fresh $7 million Series A round led by Vocap Partners along with a previously undisclosed investment raised earlier in 2024. Returning investors Bling Capital, Vinyl VC, and Las Olas Venture Capital and Jefferies' Family Office also participated.

Friday, August 15, 2025 - 13:58
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Financial IT
Prove Launches Unified Authentication Solution with Passive, Persistent Customer Recognition

Prove, the leader in digital identity, today announced the launch of Unified AuthenticationSM

Friday, August 15, 2025 - 13:17
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/news/digital-identity/prove-launches-unified-authentication-solution-passive-persistent-customer-0
Financial IT
Big Fintechs Are Holding Community Banks “to Ransom” over Customer Data, Warns Fintech CEO

The fintech sector’s outrage at plans to ditch open banking rules is “totally hypocritical,” says Adam Turmakhan, CEO of TurmaFinTech, who argues providers have been holding US community banks “to ransom” over their customer data for years.

Turmakhan’s intervention follows reports that the CFPB will propose a new version of open banking rules following the fintech sector’s fury at plans to scrap them altogether.

Friday, August 15, 2025 - 11:11
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/news/banking/big-fintechs-are-holding-community-banks-ransom-over-customer-data-warns-fintech-ceo
Financial IT
Lendflow Launches New AI Automation Suite for Embedded Lending

Lendflow, a leader in embedded lending infrastructure, announced the official launch of Lendflow Automate, a suite of AI-powered agents designed to optimize workforce efficiency and transform how lending operations are executed.

Friday, August 15, 2025 - 11:04
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/news/lending/lendflow-launches-new-ai-automation-suite-embedded-lending
Financial IT
Inclined Raises $8M Series B to Simplify Liquidity Access to Whole Life Insurance

Inclined Technologies, the leading technology platform helping consumers maximize the living benefit of the cash value in their whole life insurance policies, today announced the close of its $8M Series B funding round, led by HSCM Ventures. Northwestern Mutual Future Ventures, the venture capital arm of Northwestern Mutual, also participated alongside other new and existing investors.

Friday, August 15, 2025 - 10:38
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/news/fundraising-news/inclined-raises-8m-series-b-simplify-liquidity-access-whole-life-insurance
Financial IT
Block Unveils Proto Rig and Proto Fleet, Marking a New Era in Bitcoin Mining

Block, Inc. today unveiled Proto Rig, a first-of-its-kind modular bitcoin mining system, and Proto Fleet, a free and open-source fleet management software. The announcement, made during an event held at Proto customer Core Scientific's facility in Dalton, GA, where Proto Rigs are mining as part of their fleet, represents a significant step toward decentralizing bitcoin mining hardware, opening access to more builders, and increasing network resiliency.

Friday, August 15, 2025 - 10:28
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/news/fundraising-news/block-unveils-proto-rig-and-proto-fleet-marking-new-era-bitcoin-mining
Financial IT
Street Wallet Secures $350K to Bring Cashless Payments to South Africa’s Informal Economy

Street Wallet, a South African fintech empowering informal traders and service providers with accessible, low-cost digital payment solutions, has successfully raised US$350,000 (R6.2 million) in a funding round that values the business at US$2 million (R35.5 million). The fresh capital will be leveraged to deepen market penetration, fuel higher sales growth, and expand the company’s footprint across South Africa.

Friday, August 15, 2025 - 09:47
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Financial IT
Cache Raises $12.5M Series A to Expand Tax-Efficient Diversification Platform

The wealth management industry has long reserved its most sophisticated tools for the ultra-wealthy. For the growing number of investors with concentrated stock positions, often the result of successful equity compensation or investment gains, the traditional options remained limited: hold and bear concentrated risk, or sell and face significant capital gains taxes.

Friday, August 15, 2025 - 09:13
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/news/fundraising-news/cache-raises-125m-series-expand-tax-efficient-diversification-platform
Financial IT
FIS Launches Investor Services Suite to Transform Investor Servicing Lifecycle

Global financial technology leader FIS® has launched FIS® Investor Services Suite, an end-to-end solution designed to transform the investor servicing landscape for financial institutions, as well as alternative and traditional fund managers.

Friday, August 15, 2025 - 09:08
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Financial IT
Bitso Appoints Luis Urrutia, a Global Reference in AML and Regulation, as General Counsel and Regulatory Affairs EVP

Bitso, Latin America’s leading financial services company powered by  crypto, announces the appointment of Luis Urrutia as its new General Counsel and Executive Vice  President of Global Regulatory Affairs. This addition to the executive team reaffirms the company's  commitment to regulatory excellence and its mission to democratize access to financial services in the  region. 

Friday, August 15, 2025 - 09:01
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/news/people-moves/bitso-appoints-luis-urrutia-global-reference-aml-and-regulation-general-counsel
Financial IT

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