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Wise Platform, Wise’s (LON:WISE) global payments infrastructure for banks and enterprises, announced it’s working with Wealthsimple, a financial services platform on a mission to help Canadians achieve financial freedom, on an improved offering for sending money internationally. This partnership enables Wealthsimple’s customers across Canada to... Read More
Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce that it entered into agreements in order to acquire a 20 per cent stake in the holding company of CMU OmniClear Limited, as the financial market infrastructure operators strengthen their partnership to advance the... Read More
AI insurtech Federato has raised $100 million in Series D funding led by Growth Equity at Goldman Sachs Alternatives, with participation from returning investors Emergence Capital, Caffeinated Capital, StepStone Group, and Pear VC. This latest capital infusion reinforces a major shift in insurer sentiment away... Read More
Global payments infrastructure platform Mercuryo, blockchain infrastructure provider Polygon Labs and Mastercard are partnering to expand Mastercard Crypto Credential to include self-custody wallets. Mastercard Crypto Credential helps verify interactions among consumers and businesses using blockchain networks by offering simple aliases to replace typically long and complex addresses. Making the...
Asseta AI, a purpose-built accounting platform for family offices, today announced a $4.2 million seed funding round co-led by Nyca Partners and Motive Partners. The platform supports more than $10 billion in assets. Nearly one-third of family office clients manage over $1 billion. The capital... Read More
Insurtech Pibit.AI this week announced a $7 million Series A to accelerate development of its Centralized Underwriting Risk Environment (CURETM). The round was led by Stellaris Venture Partners with participation from Y Combinator and Arali Ventures. Pibit.AI was founded by engineer Akash Agarwal. Having grown... Read More
Solflare, the gateway to web3 and modern digital finance, partnered with Mastercard (NYSE: MA), in order to launch the Solflare Card, the self-custody debit card on Solana. Linking to users’ Solflare Wallets, the digital card enables users to complete instant debit card payments with USDC... Read More
Bitcoin has been in reverse for a couple of weeks now. Far off its all-time high of over $124,000 earlier this year, Bitcoin is now trading sub $90,000 – currently at $86,500. This represents a significant loss in value of around 30%. While traditional stock... Read More
Maxima, the agentic AI platform for accounting automation, announced $41 million in Seed and Series A from Redpoint Ventures, Kleiner Perkins, Audacious Ventures. Maxima also mentioned in the announcement that the funding round has now been joined by former BlackLine CMO & Chief Strategy Officer... Read More
Fasanara Capital has reportedly increased its credit commitment to Addi, a commerce and financial platform in Colombia, by $11 million as part of a $71 million upsizing of Addi’s credit facilities along with Goldman Sachs. This commitment enhances Addi’s capital position and supports its goal... Read More