Funding news and trends

Coast Raises $40 Million to Expand Solutions for Fleet Payments
Investments // July 18, 2024

Coast has raised $40 million in new Series B financing to accelerate adoption of its solutions for fleet payments. The company will use the new funding to grow its team, develop its product and partnerships, and expand to other financial services needed by business customers,...

Google Reportedly Eyes $250 Million Fundraise for India’s Glance
Investments // July 18, 2024

India-based mobile content startup Glance is reportedly looking to raise up to $250 million. This funding round would be led by existing investor Google, Bloomberg News reported Thursday (July 18), citing a source familiar with the matter. The round would let Glance — which makes curated screensavers that let users...

Pindrop Raises $100 Million in Battle Against Deepfake Calls
Security & Fraud // July 17, 2024

Voice authentication and security firm Pindrop has raised $100 million in debt financing. The funding, announced Wednesday (July 17) and coming from Hercules Capital, allows Pindrop to further develop its audio, voice, and artificial intelligence (AI) technologies for customers in industries that include banking, finance,...

J.P. Morgan Payments Backs B2B Payments Platform Slope
Investments // July 17, 2024

Slope has secured $65 million in strategic equity and debt funding to scale its B2B payments platform for enterprise companies. The funding was provided by J.P. Morgan Payments, Y Combinator, Jack Altman and Max Altman’s new fund, Saga, Slope said in a Wednesday (July 17) press release. The company was not...

Interviews & Exclusives
Forestay’s New $220M Fund Targets the ‘Inflection Point’ in AI Startups

July 11, 2024
High interest rates usually spell trouble for venture capital (VC) firms. But with a hot hand to play like AI and cybersecurity, and a shrewd evaluation strategy for potential investments, VC companies can still find plenty of opportunity. It’s a formula that Geneva-based Forestay Capital has worked effectively recently. On Monday (July 8), it announced […]

Are Fireworks Ahead as CFPB Director Testifies on Capitol Hill?

June 10, 2024
Consumer Financial Protection Bureau Director Rohit Chopra is set to testify on Capitol Hill this week. He is scheduled to appear before the Senate Banking Committee Wednesday (June 12) and...

FinTech IPO Index Ticks Down as Earnings Season Wraps Up

June 07, 2024
The first week of June brought scant movement for the FinTech IPO Index overall, as the group moved 0.6% lower, and earnings continued to trickle in, essentially wrapping up a...

Supreme Court Ruling on CFPB’s Fate May Rewrite the Rules of Banking and Credit

May 14, 2024
For the Consumer Financial Protection Bureau (CFPB), the courts have been a hotbed of action, lawsuits, appeals and back-and-forth between lawyers. Almost everything boils down to the decision that will come down from...

Quick Reads
Small Business-Focused FinTech Wamo Raises $5 Million

July 18, 2024
London-based FinTech wamo has raised $5 million to develop small to medium-sized business (SMB)-focused banking solutions. In addition to the growth investment, CEO and founder Yanki Onen said on the company blog Thursday (July 18), wamo has also obtained its Electronic Money Institution (EMI) license. “Together, they equip us with the license and tools to develop even more innovative fintech products […]

Coast Raises $40 Million to Expand Solutions for Fleet Payments

July 18, 2024
Coast has raised $40 million in new Series B financing to accelerate adoption of its solutions for fleet payments. The company will use the new funding to grow its team,...

Google Reportedly Eyes $250 Million Fundraise for India’s Glance

July 18, 2024
India-based mobile content startup Glance is reportedly looking to raise up to $250 million. This funding round would be led by existing investor Google, Bloomberg News reported Thursday (July 18), citing a source familiar with...

Pindrop Raises $100 Million in Battle Against Deepfake Calls

July 17, 2024
Voice authentication and security firm Pindrop has raised $100 million in debt financing. The funding, announced Wednesday (July 17) and coming from Hercules Capital, allows Pindrop to further develop its...