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

Jump Raises $12.2 Million to Grow Platform for French Freelancers
Jump Raises $12.2 Million to Grow Platform for French Freelancers
September 23, 2024  |  Investments

Jump has raised 11 million euros (about $12.2 million) to grow its platform that provides French freelancers with some of the benefits associated with traditional...

READ MORE >
PayPal Increases Investment in Blockchain Risk Management Firm Chaos Labs
PayPal Increases Investment in Blockchain Risk Management Firm Chaos Labs
September 20, 2024  |  Investments

PayPal Ventures has announced an additional investment in Chaos Labs, a company providing blockchain risk management. A Friday (Sept. 20) press release announcing the move...

READ MORE >
The Week in AI: Nvidia and HubSpot Launch Platforms as Big Tech Bets on Data Centers
The Week in AI: Nvidia and HubSpot Launch Platforms as Big Tech Bets on Data...
September 20, 2024  |  Artificial Intelligence

Technology firms are launching ambitious artificial intelligence projects aimed at transforming multiple industries. From Nvidia’s telecom platform to HubSpot’s marketing suite and a $100 billion...

READ MORE >
Capmont Launches $111 Million Fund for B2B Tech Startups
Capmont Launches $111 Million Fund for B2B Tech Startups
September 19, 2024  |  Investments

Munich-based venture capital (VC) firm Capmont Technology has reportedly launched a $111 million fund. The company, which has raised $334 million since its founding in 2016, focuses...

READ MORE >
Yonder Raises $31 Million to Expand Credit Card Outside UK
Yonder Raises $31 Million to Expand Credit Card Outside UK
September 19, 2024  |  Investments

Yonder has raised 23.4 million pounds (about $31.1 million) to expand its credit card designed to help cardholders build good credit habits while earning rewards....

READ MORE >
AtoB Raises $130 Million to Fuel Transportation Payments Services
AtoB Raises $130 Million to Fuel Transportation Payments Services
September 19, 2024  |  Investments

Transportation industry payments solution provider AtoB has raised $130 million in equity and debt funding. The Series C round was led by General Catalyst and Bloomberg Beta with participation from Mastercard and trucking...

READ MORE >
Report: Mercado Libre Plans Mexico Expansion of Working Capital Funding With $250 Million in Financing
Report: Mercado Libre Plans Mexico Expansion of Working Capital Funding With $250 Million in Financing
September 19, 2024  |  Investments

Mercado Libre has reportedly secured $250 million in financing from JPMorgan to grow the business of its FinTech arm Mercado Pago in Mexico. The company...

READ MORE >
AI’s $100 Billion Data Center Push May Rewire Global Commerce
AI’s $100 Billion Data Center Push May Rewire Global Commerce
September 18, 2024  |  artificial intelligence

A newly formed coalition of tech and finance titans is betting $100 billion that artificial intelligence (AI) could alter global trade infrastructure, launching an ambitious...

READ MORE >
Businesses May See Cost of Capital Relief as Fed Slashes Rates
Businesses May See Cost of Capital Relief as Fed Slashes Rates
September 18, 2024  |  Economy

The Federal Reserve cut interest rates by 0.5% Wednesday (Sept. 18), the first cut in four years. While stocks gyrated Wednesday and were down slightly...

READ MORE >