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

FlexPoint Raises $35 Million for Payments Automation Platform
FlexPoint Raises $35 Million for Payments Automation Platform
March 18, 2024  |  Investments

FlexPoint has raised $35 million in debt and equity to grow its payments automation platform that serves managed services providers (MSPs) and their business clients. ...

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Citi’s Tuum Investment Changes Cloud Core Banking Dynamic
Citi’s Tuum Investment Changes Cloud Core Banking Dynamic
March 18, 2024  |  Banking

Embedded payments, embedded lending and a continuing shift to virtual cards all demand a reconsideration of technical infrastructure. Banks, grappling with legacy back-end systems, and...

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EU Startups Embrace Convertible Debt as Funding Grows Scarce
EU Startups Embrace Convertible Debt as Funding Grows Scarce
March 18, 2024  |  Startups

With funding becoming scarce, European startups are reportedly turning to convertible debt. These increasingly complicated deals are becoming more and more popular for venture capital (VC)-backed firms,...

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Inflation Concerns Sideline Small Business Borrowing
Inflation Concerns Sideline Small Business Borrowing
March 15, 2024  |  SMBs

With the news that inflation climbed upward last month, many small- to medium-sized businesses (SMBs) may find themselves walking a tightrope with even fewer safety nets...

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PayPal Ventures-Backed PPRO Raises $93 Million for Local Payments Platform
PayPal Ventures-Backed PPRO Raises $93 Million for Local Payments Platform
March 13, 2024  |  Investments

PPRO has raised 85 million euros ($93 million) to expand and enhance its local payments platform. The company will use the new funding to grow...

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Nanonets Raises $29 Million to Automate ‘Mundane Office Work’
Nanonets Raises $29 Million to Automate ‘Mundane Office Work’
March 12, 2024  |  Investments

AI-based workflow automation platform Nanonets has raised $29 million in new funding. The company’s Series B round, announced Tuesday (March 12), comes as roughly a third of Fortune 500...

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Optimism in Fleet and Mobility Sector Fuels Use of Working Capital
Optimism in Fleet and Mobility Sector Fuels Use of Working Capital
March 12, 2024  |  Business

All companies in growth mode need access to capital, whether to fund short-term operational needs, mitigate unexpected expenses or execute plans for growth. One key...

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Griffin Launches as Fully Operational UK Bank and Raises $24 Million
Griffin Launches as Fully Operational UK Bank and Raises $24 Million
March 11, 2024  |  Digital Banking

British banking-as-a-service (BaaS) platform Griffin is now officially a fully operational bank. The company announced Sunday (March 10) that it had received approval from the...

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Silicon Valley Bank’s Downfall: Lessons Learned and Unanswered Questions
Silicon Valley Bank’s Downfall: Lessons Learned and Unanswered Questions
March 11, 2024  |  Banking

It’s said that those who don’t learn from history are doomed to repeat it. The spectacular flameout of Silicon Valley Bank (and other banks subsequently), happened March...

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