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

Bunq Raises $31 Million After Quadrupling User Deposits in 2023
Bunq Raises $31 Million After Quadrupling User Deposits in 2023
April 12, 2024  |  Fintech Investments

European neobank Bunq’s shareholders signed a commitment letter in March to provide 29 million euros (about $31 million) of capital to finance the company’s growth. The...

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Self-Service Confronts Big Issues to Meet Consumer Demand
Self-Service Confronts Big Issues to Meet Consumer Demand
April 12, 2024  |  Retail

Across restaurants, grocers and nongrocery retailers, self-service is gaining ground, and merchants are making smarter choices about how they apply it. Take the restaurant industry,...

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Mimo Launches Financial Management Platform for Small Businesses, Accountants
Mimo Launches Financial Management Platform for Small Businesses, Accountants
April 11, 2024  |  B2B Payments

Mimo raised 15.5 million pounds (about $19.4 million) to launch its financial management platform for small- to medium-sized businesses (SMBs) and accountants. The platform helps these...

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Wall Street Banks Regaining Share of Financing Deals
Wall Street Banks Regaining Share of Financing Deals
April 10, 2024  |  Loans

Wall Street banks are reporting gaining back some of the share of financing deals they had lost to alternative-asset fund managers, insurers and other private credit....

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Guesty Raises $130 Million to Expand Short-Term Rental, Hospitality Platform
Guesty Raises $130 Million to Expand Short-Term Rental, Hospitality Platform
April 10, 2024  |  Investments

Guesty raised $130 million in a Series F funding round to expand the capabilities and global footprint of its property management software platform for the short-term...

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Report:  Altman May Have Found AI Cash in Powell Jobs’ VC Fund
Report: Altman May Have Found AI Cash in Powell Jobs’ VC Fund
April 10, 2024  |  Artificial Intelligence

How much will it cost to build Sam Altman’s planned artificial intelligence-powered personal device? At least $1 billion, according to a report by The Information, which listed...

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Basemark Raises $23 Million For Augmented Reality Automotive Software
Basemark Raises $23 Million For Augmented Reality Automotive Software
April 09, 2024  |  Investments

Augmented reality (AR) software firm Basemark has raised $23 million in a new funding round. Based in Helsinki, Finland, Basemark makes augmented reality (AR) tools that...

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Microsoft to Invest $2.9 Billion for AI Projects in Japan
Microsoft to Invest $2.9 Billion for AI Projects in Japan
April 09, 2024  |  Artificial Intelligence

Microsoft will invest $2.9 billion for artificial intelligence projects in Japan. The investment will go toward expanding Microsoft’s cloud and AI infrastructure in the country,...

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Funds Pour in for D2C Wine as Millennials Seek Boozy Subscriptions
Funds Pour in for D2C Wine as Millennials Seek Boozy Subscriptions
April 05, 2024  |  Subscriptions

With younger generations getting more of their day-to-day needs met via direct-to-consumer (D2C) subscriptions, investors are backing eCommerce wine platforms by the millions. Most recently,...

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