Bitwise Asset Management, a premier crypto-specialist asset manager with over $12 billion in client assets, today announced the completion of a $70 million equity raise. The round was led by Electric Capital, with participation from MassMutual, Highland Capital, MIT Investment Management Company, Haun Ventures, ParaFi Capital, Khosla Ventures, General Catalyst, Blockchain Coinvestors, and Nikesh Arora, among others.

Global fintech leader Airwallex has officially launched in Aotearoa, marking a significant milestone in its mission to provide businesses with faster, cost-effective, and more innovative financial solutions. 

Zeta, a leader in modern card processing, launched Selene - an AI-powered assistant that transforms how issuers handle customer service. Built with advanced Generative AI and enterprise-grade security, Selene automates the most common support interactions that traditionally burden contact centers.

As the volume of customer support queries soars, three industry challenges demand a new approach:

Cspaar, a provider of ERP systems and business solutions for small and medium-sized enterprises SMEs), is pleased to announce a strategic partnership with WorldLine (legal entity: Bambora AB. This agreement positions cspaar as an official reseller of WorldLine’s innovative payment solutions, further enhancing the company’s comprehensive suite of business management tools. 

Silverflow, the cloud-native payment processing company, has teamed up with 

GoCardless, the bank payment company, has launched capital powered by Pipe, to provide direct access to capital financing for its small business customers.

Using AI technology in anti-money laundering (AML) processes has become critical for financial institutions as they work to comply with regulations and combat financial crime. Even so, a new AML technology study from data and AI leader SAS, featuring contributions from SAS Partner KPMG, finds that interest in AI continues to outpace its full implementation. Based on a global survey of 850 members of the Association of Certified Anti-Money Laundering Specialists (ACAMS), the study reveals:

Customer experience in the banking and finance industry looks radically different from what it was fifteen years ago. Gone are the days of visiting physical banks for transactions such as cashing a cheque, transferring funds, or even more complex tasks such as setting up a new account. Almost every aspect of banking can now be done remotely, and with that comes an increased need for a strong customer service team available to support and answer every question or query.

Amazon and TradeBridge today announced the launch of Term Financing, a new offer designed to support the continued growth of businesses selling on Amazon. This collaboration offers eligible sellers access to funds of up to £5 million based on their Amazon business revenue and performance.