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

Making Sense of: How America’s CHIPS Act Fuels Domestic Innovation
Making Sense of: How America’s CHIPS Act Fuels Domestic Innovation
April 26, 2024  |  Technology

American companies are outpacing European ones on innovation and technology. That’s what the head of Norway’s $1.6 trillion oil fund told the Financial Times Wednesday...

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Elon Musk’s xAI Close to Raising $6 Billion
Elon Musk’s xAI Close to Raising $6 Billion
April 26, 2024  |  artificial intelligence

Elon Musk’s artificial intelligence (AI) startup xAI is reportedly close to raising $6 billion from investors. The funding round would value xAI at $18 billion,...

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Financial Infrastructure Platform QI Tech Achieves Unicorn Status
Financial Infrastructure Platform QI Tech Achieves Unicorn Status
April 25, 2024  |  Investments

Brazilian FinTech QI Tech has achieved unicorn status after extending its Series B round. With this extension, the firm raised additional equity with current investor...

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Perplexity Valued at $1 Billion as It Challenges Google Search
Perplexity Valued at $1 Billion as It Challenges Google Search
April 23, 2024  |  Investments

Perplexity has reportedly raised $63 million as it aims to compete with Google’s search engine. The new funding round values the artificial intelligence (AI) startup at $1 billion, marking a...

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Payflows Raises $26 Million for All-In-One Finance Platform
Payflows Raises $26 Million for All-In-One Finance Platform
April 22, 2024  |  Investments

French FinTech Payflows has raised $26 million for its all-in-one platform for finance teams. The company announced the funding on LinkedIn as it emerged from stealth Monday (April 22),...

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Wagestream Raises $21.8 Million to Expand Financial Well-Being App
Wagestream Raises $21.8 Million to Expand Financial Well-Being App
April 18, 2024  |  Investments

Wagestream, a financial well-being app focused on frontline workers, has raised 17.5 million pounds (about $21.8 million) in a funding round. That total includes an...

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Ramp Valued at $7.6 Billion Following Series D Round
Ramp Valued at $7.6 Billion Following Series D Round
April 18, 2024  |  B2B Payments

Spend management platform Ramp says it is now a $7.6 billion company. The firm on Thursday (April 18) announced it had reached that valuation as it wound down...

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Report: Flink Raising Money from Investors, Discussing Merger With Rivals
Report: Flink Raising Money from Investors, Discussing Merger With Rivals
April 17, 2024  |  Investments

German grocery delivery startup Flink is reportedly receiving another 100 million euros ($106.7 million) from investors to extend its runway and try to outlast its competitors....

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PayPal Leads $19 Million Series A for B2B Card Platform Pliant
PayPal Leads $19 Million Series A for B2B Card Platform Pliant
April 17, 2024  |  Investments

B2B credit card platform Pliant is planning to expand after raising $19 million. The funding round, announced Wednesday (April 17) was led by PayPal Ventures and brings the Berlin-based Pliant’s...

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