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

Report: Uber Considers Investment in African Vehicle Financing Startup Moove
Report: Uber Considers Investment in African Vehicle Financing Startup Moove
February 23, 2024  |  Investments

Uber is reportedly considering joining other investors in a funding round for Moove, an African vehicle financing startup. The funding round could total between $75...

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This Week in AI: Nvidia, Nvidia and More Nvidia
This Week in AI: Nvidia, Nvidia and More Nvidia
February 23, 2024  |  Artificial Intelligence

Any innovation worth its salt will bring with it a fair share of questions. And one of the biggest questions surrounding artificial intelligence (AI) was whether...

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Zūm Rails Raises $7 Million to Expand Open Banking Offering
Zūm Rails Raises $7 Million to Expand Open Banking Offering
February 22, 2024  |  Investments

Zūm Rails has raised $7.7 million to expand its open banking/instant payments solution. The Montreal-based company announced the $7.7 million ($10.5 million CAD) Series A funding round Thursday...

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Absa Says African FinTechs Should List IPOs on Local Exchanges
Absa Says African FinTechs Should List IPOs on Local Exchanges
February 22, 2024  |  IPO

South Africa’s Absa Group has reportedly highlighted the opportunity for African FinTechs to consider public listings at home. Adesoji Solanke, head of FinTech investment banking...

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Spektr Raises $5.4 Million to Expand Automation-Led Compliance Solution
Spektr Raises $5.4 Million to Expand Automation-Led Compliance Solution
February 21, 2024  |  Investments

Spektr came out of stealth and announced it raised 5 million euros (about $5.4 million) in a seed round. The company offers advanced automation for...

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Simetrik Raises $55 Million to Enhance B2B Financial Automation Platform
Simetrik Raises $55 Million to Enhance B2B Financial Automation Platform
February 21, 2024  |  Investments

Simetrik, a B2B financial automation platform founded in Colombia in 2019, raised $55 million in a Series B funding round. The new capital will help...

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Fabric Raises $60 Million to Grow Conversational AI-Powered Healthcare Platform
Fabric Raises $60 Million to Grow Conversational AI-Powered Healthcare Platform
February 21, 2024  |  Investments

Fabric, a health technology company, raised $60 million in a Series A round to expand its care enablement platform for healthcare providers. The platform increases...

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U.S. Gives GlobalFoundries $1.5 Billion to Accelerate Domestic Semiconductor Industry
U.S. Gives GlobalFoundries $1.5 Billion to Accelerate Domestic Semiconductor Industry
February 20, 2024  |  Technology

When it comes to technological advances, the small things frequently have the biggest impact. And for the 21st century’s connected economy, there is no bigger,...

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Recogni Raises $102 Million to Meet AI Applications’ Compute Demand
Recogni Raises $102 Million to Meet AI Applications’ Compute Demand
February 20, 2024  |  Investments

Recogni, an artificial intelligence (AI)-based computing firm, has closed a Series C funding round, securing $102 million. The funding will be used to drive the...

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