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

Chinese AI Startup Moonshot Reaches $3 Billion Valuation
Chinese AI Startup Moonshot Reaches $3 Billion Valuation
August 05, 2024  |  Investments

Chinese generative AI startup Moonshot has reportedly raised $300 million in a new funding round. The round, which included participation by Tencent Holdings, lifted Moonshot’s valuation to...

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Brazilian Receivables Marketplace Monkey Exchange Raises $11 Million
Brazilian Receivables Marketplace Monkey Exchange Raises $11 Million
August 04, 2024  |  Loans

Brazilian online marketplace Monkey Exchange has reportedly raised $11 million in new funding. As The Brazil Journal reported, the financing comes at a pivotal moment...

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Axiad Raises $25 Million to Bolster ID Verification Offerings
Axiad Raises $25 Million to Bolster ID Verification Offerings
August 04, 2024  |  Security & Fraud

Identity security firm Axiad has raised $25 million in a new funding round. The financing, announced last week, will be used for product development, hiring,...

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Bilt Valued at $3.2 Billion as Rewards Program Grows
Bilt Valued at $3.2 Billion as Rewards Program Grows
August 04, 2024  |  Loyalty & Rewards

Loyalty rewards platform Bilt is valued at $3.2 billion after a new funding round. The company raised $150 million from a round led by the...

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Philippines-Based Mobile Wallet GCash Valued at $5 Billion
Philippines-Based Mobile Wallet GCash Valued at $5 Billion
August 04, 2024  |  Mobile Wallets

Mynt, owner of the Philippines’ mobile wallet GCash, is now valued at $5 billion. The company became the Southeast Asian country’s first $5 billion unicorn...

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SEC: Founder of Social Platform IRL Defrauded Investors
SEC: Founder of Social Platform IRL Defrauded Investors
August 01, 2024  |  Security & Fraud

In internet lingo, the abbreviation IRL means “in real life.” But for the now defunct social media platform IRL, reality and the picture the company painted...

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J.P. Morgan: Collaboration Helps Startups Scale the Innovation Economy
J.P. Morgan: Collaboration Helps Startups Scale the Innovation Economy
August 01, 2024  |  Payments Innovation

For smaller firms and startups seeking capital — the lifeblood of growth — the last few months of 2024 are holding some promise after a...

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AI Financial Crimes Platform Hawk Grows Funding to Drive International Expansion
AI Financial Crimes Platform Hawk Grows Funding to Drive International Expansion
July 31, 2024  |  Investments

Hawk has expanded its Series B funding amid a new investing partnership with Macquarie Capital. The company, which provides fraud prevention and anti-money laundering (AML)...

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Monto Raises $9 Million to Seed B2B Payments Platform
Monto Raises $9 Million to Seed B2B Payments Platform
July 30, 2024  |  Investments

Israeli B2B payments platform Monto has emerged from stealth with $9 million in funding. “Monto enables B2B finance teams to seamlessly get paid from any AP portal...

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