Light Frame, a pioneering Swiss-American FinTech company headquartered in Providence, R.I., today announced the successful oversubscription and completion of its Pre-Seed financing round, raising $1.7 million.

As businesses grow, the complexity of sales tax compliance increases. Addressing this challenge is Kintsugi, a fintech startup using advanced AI to simplify tax compliance. Today, Kintsugi announced the successful completion of a $6 million Series A funding round, valuing the company at $40 million.

Forward, a tech partner that enables SaaS companies to integrate and monetize payments, has successfully raised $16M in seed funding. This round was spearheaded by Commerce Ventures, Elefund, and Fiserv. The new capital will help Forward cater to the growing demand from software partners and leverage artificial intelligence to enhance payment risk functions, significantly improving both client and merchant experiences.

Most new ecommerce businesses create digital strategies with one goal in mind: Get customers to the checkout. 

That’s how retail has always worked. In a traditional high street store, if a salesperson can convince a shopper to come across to the counter, then their work is done. 

Financial institutions are prime targets for cyber threats because of the large amounts of sensitive data they handle, their place in the economy, and their usage of infrastructure such as mainframes. The need for robust cybersecurity measures has never been more pressing.

Signicat, the European leader in digital identity and fraud prevention solutions, today announces a new report on the growing threat of AI-driven identity fraud in partnership with independent consultancy Consult Hyperion. The research reveals that fraud prevention decision-makers across Europe are experiencing more AI-driven identity fraud and expect it to grow, but are unprepared to tackle it, and haven’t been able to implement measures to prevent it yet.

The Bank of London announces a strategic partnership with payments specialists, allpay Limited, to simplify and expedite payments for everyone, whether they have a bank account or not, through easily manageable prepaid cards.

Today, Project Nemo announces that support from across the FinTech industry is enabling the disability inclusion initiative to exhibit at Money20/20, to bring more awareness of the need to serve the UK’s largest minority better.  

Ivalua, a global leader in spend management, today announced a collaboration with Visa, a world leader in digital payments, to empower organizations to release the cash locked within payment cycles, driving process efficiencies and maximizing opportunities with suppliers.

Klarna, the AI-powered global payments network and shopping assistant, today reported its Q1 2024 financial results, revealing another profitable quarter and continued growth outpacing ecommerce.