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

BlackRock and J.P. Morgan Back Wealth Management Solutions Provider Dynasty
BlackRock and J.P. Morgan Back Wealth Management Solutions Provider Dynasty
October 08, 2024  |  Investments

Dynasty Financial Partners has closed a minority capital raise, saying it will use the proceeds from this investment round to enhance its technology-enabled wealth management...

READ MORE >
European Investment Bank Aims to Provide Greater Support to Startups
European Investment Bank Aims to Provide Greater Support to Startups
October 07, 2024  |  Startups

The European Investment Bank (EIB) said Monday (Oct. 7) that European Union (EU) finance ministers have welcomed its Action Plan to deepen the region’s capital markets...

READ MORE >
Zepz Raises $267 Million to Grow Global Cross-Border Remittance Solutions
Zepz Raises $267 Million to Grow Global Cross-Border Remittance Solutions
October 07, 2024  |  Investments

Zepz has raised $267 million in a Series F funding round to continue growing its global cross-border remittance solutions, WorldRemit and Sendwave. “The Series F...

READ MORE >
TikTok Shop Turns to Storfund to Improve Seller Cash Flow
TikTok Shop Turns to Storfund to Improve Seller Cash Flow
October 07, 2024  |  eCommerce

TikTok Shop has teamed with Storfund to offer sellers an embedded cash flow solution. The new offering, dubbed Daily Advance, is the first of its kind in a...

READ MORE >
Open Banking Provider TrueLayer Raises $50 Million to Grow European Network
Open Banking Provider TrueLayer Raises $50 Million to Grow European Network
October 04, 2024  |  Investments

TrueLayer has raised $50 million in an extension of its $130 million Series E funding round to continue growing its pay-by-bank network. The company currently...

READ MORE >
AI Money: OpenAI Secures $6.6 Billion as Startup Poolside Nets Funding for ‘Human-Level’ AI
AI Money: OpenAI Secures $6.6 Billion as Startup Poolside Nets Funding for ‘Human-Level’ AI
October 03, 2024  |  Artificial Intelligence

In a whirlwind of investment activity, artificial intelligence companies secured unprecedented funding. OpenAI led the pack at a $6.6 billion raise. Poolside secured $500 million...

READ MORE >
Fidelity Takes VC Plunge, Raises $250 Million for Tech Investments
Fidelity Takes VC Plunge, Raises $250 Million for Tech Investments
October 02, 2024  |  Investments

Fidelity raised $250 million for its first fund devoted to venture capital. The Boston-based asset manager’s latest push into the private asset space — Fidelity...

READ MORE >
OpenAI Market Cap Rivals Uber, AT&T After $6.6 Billion Fundraise
OpenAI Market Cap Rivals Uber, AT&T After $6.6 Billion Fundraise
October 02, 2024  |  artificial intelligence

OpenAI has reportedly raised $6.6 billion in new funding, nearly doubling its valuation. The artificial intelligence (AI) startup is now valued at $157 billion, The...

READ MORE >
OpenAI Reportedly Slated for $500 Million SoftBank Investment
OpenAI Reportedly Slated for $500 Million SoftBank Investment
September 30, 2024  |  Investments

Japan’s SoftBank is reportedly planning to invest in OpenAI’s multi-billion dollar funding round. The $500 million investment would come from the bank’s Vision Fund, The...

READ MORE >