Light has come out of stealth and announced a $13 million financing round to scale its artificial intelligence (AI)-powered general ledger for multinational companies. With its automated ledger, Light has reimagined the enterprise resource planning (ERP) concept “from the ground up” to deliver a financial...
Mistral AI, a Paris-based artificial intelligence startup, raised $640 million in a Series B funding round led by General Catalyst, propelling its valuation to $6 billion. The funding injection positions Mistral AI as a serious contender to Silicon Valley’s AI powerhouses, signaling a shift in...
Regions Bank has launched a new digital payments solution designed to streamline payment and billing processes for its commercial clients. Powered by BILL’s financial operations platform for small and medium-sized businesses (SMBs), the new Regions CashFlowIQ provides advanced accounts payable (AP) and accounts receivable (AR)...
The CEO of South Africa’s TymeBank says the company is raising $150 million. “We are currently valued at close to $1 billion and busy with our series D capital raise at unicorn valuation,” Coenraad Jonker told Bloomberg News on Wednesday (June 12), noting that the...
With the high labor costs of delivery, smaller merchants are struggling to find ways to compete on convenience without excessively compromising their margins and without alienating customers. National Retail Solutions (NRS), a point-of-sale (POS) company providing systems geared toward independent retailers, said Thursday (June 6)...
Starling has just finished its third profitable year amid plans to expand its software operations. The British neobank on Wednesday (June 12) released its annual report, showing a 54.7% increase in pre-tax profits, to 301.1 million pounds ($384.3 million). The firm’s revenues rose by 50.6% to 682.2...
Digital banking architecture is having a moment. Financial technology companies and consumer-facing neobanks are using it to create new features, applications and customer experiences. Regulators are focused on it as they try to make sense of their potential involvement. And as its importance spreads beyond...
House Financial Services Committee (HFSC) Chairman Patrick McHenry, R-N.C., condemned a proposed rule announced Tuesday (June 11) by the Consumer Financial Protection Bureau (CFPB), saying it would upend the American credit and healthcare systems. McHenry’s statement came in response to the CFPB’s announcement that with...
TikTok is reportedly testing image search capability for TikTok Shop. This capability allows users to use a photo that they have taken or uploaded to find similar items in TikTok Shop, TechCrunch reported Tuesday (June 11). The image search feature is now available to all users in the United...
