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

Rillet Raises $13.5 Million for Accounting Automation Platform
Rillet Raises $13.5 Million for Accounting Automation Platform
July 29, 2024  |  Investments

Accounting automation firm Rillet has raised $13.5 million to develop its platform. “Today, high-growth companies face a catch-22 when it comes to accounting: use 25-year-old software built...

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Aveni Raises $14 Million to Bring AI to Financial Services
Aveni Raises $14 Million to Bring AI to Financial Services
July 29, 2024  |  Investments

Scottish FinTech Aveni has raised $14 million to bring AI to the financial services field. The company announced its Series A on Monday (July 29),...

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Mamo Raises $4.3 Million for UAE Small Business Financing
Mamo Raises $4.3 Million for UAE Small Business Financing
July 28, 2024  |  Fintech Investments

Dubai-based financial services firm Mamo has raised $4.3 million in new funding. Founded in 2019, the company offers services such as payment collection, corporate cards...

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Fractile Raises $15 Million to Develop New AI Chip
Fractile Raises $15 Million to Develop New AI Chip
July 26, 2024  |  Investments

U.K. startup Fractile has exited stealth and announced it raised $15 million in seed funding to develop a new artificial intelligence (AI) chip. The company...

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UK’s FCA Announces Proposals, Rules to Strengthen Capital Markets
UK’s FCA Announces Proposals, Rules to Strengthen Capital Markets
July 26, 2024  |  Regulation

The United Kingdom’s Financial Conduct Authority (FCA) proposed new rules on publishing a prospectus, raising capital and regulating secondary markets, and finalized new rules on...

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AI Surge Reshapes Tech Landscape With Big Wins and Growing Pains
AI Surge Reshapes Tech Landscape With Big Wins and Growing Pains
July 25, 2024  |  artificial intelligence

As artificial intelligence (AI) takes center stage, tech giants and startups alike are reaping rewards while grappling with new challenges. From Google’s cloud boom and...

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Fei-Fei Li’s Mysterious AI Startup World Labs Achieves Unicorn Status in Record Time
Fei-Fei Li’s Mysterious AI Startup World Labs Achieves Unicorn Status in Record Time
July 25, 2024  |  artificial intelligence

In Silicon Valley, where innovation is the currency of choice, one startup is making waves with unprecedented speed. World Labs, the brainchild of AI pioneer...

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Morgan Stanley Buys Stake in UK Payments Firm Sokin
Morgan Stanley Buys Stake in UK Payments Firm Sokin
July 24, 2024  |  Investments

British payments firm Sokin is planning to expand following an investment by Morgan Stanley. Investment funds managed by the banking giant had purchased a stake...

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Lakera Raises $20 Million to Provide Security for GenAI Applications
Lakera Raises $20 Million to Provide Security for GenAI Applications
July 24, 2024  |  Investments

Lakera has raised $20 million in a Series A funding round to expand its offerings in the real-time generative artificial intelligence (AI) applications security category....

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