fundraising

Tuum Raises $26 Million Amid Banking’s Ongoing Digital Evolution
Tuum Raises $26 Million Amid Banking’s Ongoing Digital Evolution
February 06, 2024  |  Investments

Core banking platform Tuum has raised $26 million to expand to new parts of Europe. The Estonian company’s Series B funding round, announced Tuesday (Feb. 6), will allow...

READ MORE >
Musk: Reports of xAI’s $20 Billion Valuation Target Not Accurate
Musk: Reports of xAI’s $20 Billion Valuation Target Not Accurate
January 21, 2024  |  artificial intelligence

Elon Musk is dismissing reports that his AI company has raised $500 million. “This is simply not accurate,” Musk wrote on his social media platform...

READ MORE >
Quantum Computing Firm Quantinuum Valued at $5 Billion 
Quantum Computing Firm Quantinuum Valued at $5 Billion 
January 16, 2024  |  artificial intelligence

Quantum computer firm Quantinuum has been valued at $5 billion following a $300 million fundraising round. The round, which included participation by JPMorgan, will help Quantinuum develop “the...

READ MORE >
OpenAI Backer Thrive Capital Plans $3 Billion Fundraise Amid Tech Downturn
OpenAI Backer Thrive Capital Plans $3 Billion Fundraise Amid Tech Downturn
January 07, 2024  |  Investments

Venture firm Thrive Capital is reportedly preparing to raise at least $3 billion amid a downturn in tech funding. The planned fundraising, the subject of a Sunday (Jan....

READ MORE >
BNPL Platform Tamara Becomes Saudi Arabia’s First FinTech Unicorn
BNPL Platform Tamara Becomes Saudi Arabia’s First FinTech Unicorn
December 18, 2023  |  Buy Now Pay Later

Saudi Arabia-based buy now, pay later (BNPL) platform Tamara has become that nation’s first unicorn. The company announced Monday (Dec. 18) that it had closed a...

READ MORE >
Blockchain Payments Firm Fnality Raises $95.2 Million
Blockchain Payments Firm Fnality Raises $95.2 Million
November 14, 2023  |  Investments

Blockchain-based wholesale payment systems firm Fnality has raised $95.2 million in a new funding round. The round, as reported Tuesday (Nov. 14) by Bloomberg News, was led by Goldman...

READ MORE >
For FinTechs, Raising Capital Is Like It’s 2017
For FinTechs, Raising Capital Is Like It’s 2017
November 09, 2023  |  Fintech Investments

FinTechs remain in a tight spot, as far as fundraising goes. The third quarter of this year saw investment in private FinTechs fall 46% compared to the...

READ MORE >
Shift4 and Give Lively Team to Improve Digital Donations for Nonprofits
Shift4 and Give Lively Team to Improve Digital Donations for Nonprofits
September 24, 2023  |  Digital Payments

Payments technology company Shift4 has launched a partnership with nonprofit fundraising platform Give Lively. The collaboration, announced Saturday (Sept. 23), is designed to help nonprofits in the U.S. avoid...

READ MORE >
SimpleClosure CEO Says Automating Shutdowns Breaks the Taboo Around Startup Failures
SimpleClosure CEO Says Automating Shutdowns Breaks the Taboo Around Startup Failures
September 14, 2023  |  Startups

It’s a challenging economy for consumers — and startups don’t have it any better. Nine out of every 10 startups that raise money end up failing over a 10-year period. Observers...

READ MORE >