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

This Week in B2B: Capturing Real-Time Intelligence’s Competitive Edge
This Week in B2B: Capturing Real-Time Intelligence’s Competitive Edge
August 08, 2024  |  B2B Payments

B2B operations frequently require a greater level of sophistication than their B2C counterparts. Payments, especially, are typically larger and more complex transactions and must mesh...

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Mexico-Based Unicorn Stori Raises $212 Million to Promote Financial Inclusion
Mexico-Based Unicorn Stori Raises $212 Million to Promote Financial Inclusion
August 06, 2024  |  Investments

Mexican FinTech Stori says it has raised $212 million in equity and debt financing. The new funding, announced Tuesday (Aug. 6), will help Stori develop...

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Groq Raises $640 Million to Scale AI Inference Platform’s Capacity
Groq Raises $640 Million to Scale AI Inference Platform’s Capacity
August 05, 2024  |  Investments

Groq has raised $640 million in a Series D funding round to scale the capacity of its vertically integrated artificial intelligence (AI) inference platform. The...

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Spring Health Taps AI to Help With Mental Health Care
Spring Health Taps AI to Help With Mental Health Care
August 05, 2024  |  Healthcare

April Koh, at 31, stands as the youngest woman to lead a multi-billion dollar company as CEO of Spring Health, a mental health tech startup...

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Cartona Raises $8.1 Million to Expand B2B Platform Across MENA
Cartona Raises $8.1 Million to Expand B2B Platform Across MENA
August 05, 2024  |  B2B Payments

Cartona has raised $8.1 million in a Series A extension fundraise to continue growing the product rollout, verticals and offerings of its B2B platform for businesses...

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Report: OpenAI Backer Thrive Capital Raises $5 Billion
Report: OpenAI Backer Thrive Capital Raises $5 Billion
August 05, 2024  |  Investments

Thrive Capital reportedly raised $5 billion for its biggest-ever pair of venture capital funds. The fundraising is a sign that the artificial intelligence boom is...

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Aviva Raises $5.5 Million to Provide Financial Services to ‘Underserved’
Aviva Raises $5.5 Million to Provide Financial Services to ‘Underserved’
August 05, 2024  |  Investments

Mexico-based FinTech Aviva has raised $5.5 million in seed funding. “This oversubscribed round highlights the strength of our model’s unit economics, as well as our...

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Axle Automation Raises $2.5 Million to Grow AI-Powered AML/KYC Solutions
Axle Automation Raises $2.5 Million to Grow AI-Powered AML/KYC Solutions
August 05, 2024  |  Investments

Axle Automation raised $2.5 million in a seed funding round to grow its artificial intelligence (AI)-powered anti-money laundering and know your customer (AML/KYC) solutions. The...

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Layer2 Raises Over $10 Million for Cross-Border B2B Payments Offerings
Layer2 Raises Over $10 Million for Cross-Border B2B Payments Offerings
August 05, 2024  |  Investments

Cross-border payments infrastructure platform Layer2 Financial raised $10.7 million in a Series A round. The new funding will allow Layer2 to enhance its infrastructure, which...

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