PYMNTS-MonitorEdge-May-2024

funding

Funding is the act of providing financial resources, usually in the form of money, or other values such as effort or time, to finance a need, program, and project, usually by an organization or company.

Source: en.wikipedia.org

Flex Raises $3.2 Million for HSA and FSA Payment Acceptance
Flex Raises $3.2 Million for HSA and FSA Payment Acceptance
September 04, 2024  |  Investments

Health and wellness-focused FinTech Flex raised $3.2 million in seed funding. The new financing will help the company with its mission of offering direct-to-consumer health...

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Nvidia-Backed Sakana AI to Build ‘World-Class AI Lab’ in Japan
Nvidia-Backed Sakana AI to Build ‘World-Class AI Lab’ in Japan
September 04, 2024  |  Artificial Intelligence

Tokyo-based artificial intelligence firm Sakana AI raised over $100 million in a Series A funding round and formed a collaboration with Nvidia. The funding round...

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OpenAI Vet Sutskever’s Startup Reportedly Raises $1 Billion
OpenAI Vet Sutskever’s Startup Reportedly Raises $1 Billion
September 04, 2024  |  Investments

Safe Superintelligence, the company co-founded by OpenAI veteran Ilya Sutskever, has reportedly raised $1 billion. The company plans to use the funds to boost its...

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Report: OpenAI’s Building of AI Infrastructure to Begin in US
Report: OpenAI’s Building of AI Infrastructure to Begin in US
September 04, 2024  |  artificial intelligence

OpenAI reportedly plans to bring together global investors to spend tens of billions of dollars on artificial intelligence (AI) infrastructure in the United States. The...

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PayPal-Backed Ume Raises $15 Million to Expand Payment Network
PayPal-Backed Ume Raises $15 Million to Expand Payment Network
September 04, 2024  |  Investments

Brazilian FinTech Ume has raised $15 million in a Series A funding round to expand its payment network and merchant services platform for small and...

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Personal Finance and ‘Niche’ FinTechs Face Headwinds as Some Shut Down
Personal Finance and ‘Niche’ FinTechs Face Headwinds as Some Shut Down
September 03, 2024  |  Fintech Investments

“Build it and they will come.” The sentiment behind that iconic line might be apropos of the startup world, and for FinTechs in particular. Drill...

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Dubai’s Ziina Raises $22 Million as UAE’s Small Business Sector Grows
Dubai’s Ziina Raises $22 Million as UAE’s Small Business Sector Grows
September 03, 2024  |  Investments

Ziina has raised $22 million to provide FinTech services for UAE-based small businesses. In an interview with TechCrunch Tuesday (Sept. 3), Co-founder and CEO Faisal Toukan said there were a...

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Report: OpenAI Considers Making Corporate Structure More Attractive to Investors
Report: OpenAI Considers Making Corporate Structure More Attractive to Investors
August 30, 2024  |  Business

OpenAI is reportedly considering changing its corporate structure to make that structure simpler and more attractive to financial backers. The artificial intelligence (AI) company currently issues...

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Ex-Google CEO Schmidt Joins Magic’s $320 Million Raise to Develop AI Coding
Ex-Google CEO Schmidt Joins Magic’s $320 Million Raise to Develop AI Coding
August 30, 2024  |  Artificial Intelligence

Magic raised $320 million from a group of investors that includes former Google CEO Eric Schmidt to build an artificial intelligence coworker for AI research...

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