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Artificial intelligence (AI) commerce startup New Generation — or New Gen — said Tuesday (May 20) that it has raised $4.5 million in seed funding to help brands adapt to the rise of AI-powered shopping.
Co-founded by Harvard Business School alumni Adam Behrens and Jonathan Arena, the startup is creating digital storefronts designed for both human customers and AI agents.
“We firmly believe brands...
Ontik has raised $3.7 million in a seed round to expand its digital trade credit platform that helps B2B wholesalers request, track and collect payments from their trade accounts.
“We’re building tools that take the pain out of payments, collections and credit — for the businesses that keep the world turning, but are still buried in spreadsheets, phone calls and manual graft,” Ontik Co-founder...
AI startup Catena Labs said in a Tuesday (May 20) news release that it has raised $18 million in a funding round to build the first regulated, AI-native financial institution for the agent economy.
The artificial intelligence startup was co-founded by former Circle co-CEO Sean Neville, who co-created the USDC stablecoin, per the release.
The funding round was led by a16z crypto, with...
Walgreens says it is boosting its investment in robotics with its new Minnesota-based micro-fulfillment center.
The center, announced Tuesday (May 20), is based in the town of Brooklyn Park and will support nearly 200 Walgreens locations throughout the Midwest, including 145 in Minnesota alone, processing a projected 13 million prescriptions each year.
“Our pharmacists working in locations...
Papaya Global launched a dedicated platform designed to help enterprises and managed service providers (MSPs) manage and pay freelancers, consultants, gig workers and independent contractors.
The new Contingent OS platform provides a financial infrastructure that encompasses vendor management systems, payroll compliance, invoice verification and instant global payments, the workforce payments...
Galileo Financial Technologies and Atomic have introduced a product designed to enhance consumer bill payments.
Galileo Payment Method Switch, announced Tuesday (May 20), makes it easier for people to update their default payment method, such as debit cards, credit cards and bank accounts, across merchants, subscription services, utility providers and digital wallets like Venmo or PayPal, in a...
Stablecoins, despite their name, have had a relatively volatile path toward regulation in the U.S.
But on Monday (May 19), after weeks of political back-and-forth, the Senate voted to advance the GENIUS Act, an acronym for Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 Act, the country’s first stablecoin legislation.
The 66-32 vote crossed the 60-vote threshold needed...
Block said Monday (May 19) that since the launch of its credit products, it has extended over $100 billion in credit while keeping its loss rates “low.”
The company uses a combination of near real-time data, technology and customer-first design, rather than traditional credit scores, Block said in a Monday press release.
“More importantly, we’re proving that expanding access doesn’t mean...
Worldpay has launched a partnership with point-of-sale (POS) tech firm Yabie.
The collaboration, announced Tuesday (May 29), will see Yabie help Worldpay power the merchant business tools in Worldpay 360, the company’s new business management and payment solution for small and medium-sized businesses (SMBs) in the U.K.
“The UK collaboration will help deliver streamlined, user-friendly solutions...
The Securities and Exchange Commission’s sole Democratic member said the agency is straying from its mission, the Financial Times reported Tuesday (May 20).
Caroline Crenshaw made the remarks at this week’s “The SEC Speaks in 2025” conference, where she said the United States is dismantling its regulatory infrastructure, with the SEC ignoring the rise of “significant risks” in areas like...