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

This Week in B2B: Payments Get Interesting When Finance Teams Get Smarter
This Week in B2B: Payments Get Interesting When Finance Teams Get Smarter
October 17, 2024  |  B2B Payments

For decades, B2B payments were an unglamorous yet essential component of corporate finance. Now, B2B payments have started to become a little more glamorous as...

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AI Boom Drives Record Revenues and Funding Across Tech Sector
AI Boom Drives Record Revenues and Funding Across Tech Sector
October 17, 2024  |  artificial intelligence

Artificial intelligence is fueling explosive growth in the tech industry, with companies from chip manufacturers to security startups reporting soaring revenues and attracting significant investment....

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Aethir Launches $100 Million AI Fund as Sony Seeks AI Game Patent
Aethir Launches $100 Million AI Fund as Sony Seeks AI Game Patent
October 15, 2024  |  artificial intelligence

Artificial intelligence (AI) is opening up fresh possibilities across the gaming and sports betting sectors. Recent developments showcase this trend, with Aethir launching a $100...

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SoFi Gets $2 Billion to Expand Its Loan Platform Business
SoFi Gets $2 Billion to Expand Its Loan Platform Business
October 14, 2024  |  Investments

Personal finance company SoFi is expanding its loan platform with a new $2 billion investment. The new “loan platform business agreement,” announced Monday (Oct. 14), is based on funds...

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AI Firms Raise Total of $12 Billion in Third Quarter
AI Firms Raise Total of $12 Billion in Third Quarter
October 10, 2024  |  artificial intelligence

Venture capital continues to pour into artificial intelligence startups, with the sector raising a record $53 billion year-to-date despite market volatility. In a testament to...

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Suki Notches $70 Million for AI Healthcare Platform
Suki Notches $70 Million for AI Healthcare Platform
October 10, 2024  |  Investments

Healthcare AI firm Suki says it has raised $70 million in new funding. The funding will allow the company to invest in development of its products, which...

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VCs Stay on the Sidelines Despite Market Rally
VCs Stay on the Sidelines Despite Market Rally
October 10, 2024  |  Markets

A recent stock market rally hasn’t made American venture investors any less cautious. That’s according to a report Thursday (Oct. 10) by Reuters, citing new Pitchbook-NVCA data...

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Mercury Gets $100 Million Credit Warehouse for Corporate Card Business
Mercury Gets $100 Million Credit Warehouse for Corporate Card Business
October 09, 2024  |  Credit Cards

FinTech company Mercury secured a $100 million credit warehouse with Natixis Corporate & Investment Banking to grow its corporate credit card business. In the two...

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Women’s Health Firm Maven Clinic Valued at $1.7 Billion
Women’s Health Firm Maven Clinic Valued at $1.7 Billion
October 09, 2024  |  Healthcare

Maven Clinic, a virtual health startup aimed at women and families, has reached unicorn status. The company announced Tuesday (Oct. 8) that it had raised...

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