October 22, 2024
Amnon Shashua, founder and CEO of Mobileye, is attentive to complex problems that he believes can be solved with AI, and that AI itself can be solved to become more reliable. Alongside the creation and management of his self-driving car technology company – which he took publicSO sold to Intel, then spun again, he developed
October 22, 2024
(Reuters) - Stripe will buy stablecoin infrastructure provider startup Bridge, the fintech said in a tweet on Monday without disclosing the value of the deal. The deal is valued at $1.1 billion, Forbes reported last week, citing people familiar with the matter. Contacted by Reuters, Stripe declined to comment on the amount of the transaction.
October 22, 2024
Fintech company Obligo, which develops security deposit solutions for real estate rentals, raised $35 million in Series C funding. The funding round was co-led by True Global Ventures and 83North, and also included additional investors in equity and debt 10D, Ouverture Capital, HighSage Ventures, MUFG Innovation Partners and Viola Credit. The Obligo platform for tenants
October 22, 2024
Consumer neobank Totem has pulled out all the stops to cover its bases when it launches in 2022. The startup had a niche audience — Native Americans — for whom a neobank did not seem to exist. It aimed to monetize beyond interchange revenue by giving the app a white label for each tribe. The
October 22, 2024
SUMMARY PB Financial Account Aggregator Private Limited (PBAA) received the Certificate of Registration (CoR) from the Reserve Bank of India (RBI) on October 21. Thanks to this, it can carry out the activity of a non-bank financial institution as an account aggregator without accepting public deposits. The fintech company incorporated the NBFC with a paid-up
October 21, 2024
Funding for fintech startups in Southeast Asia fell 28% in the third quarter of 2024, from $447.5 million to $322 million, according to the latest data released by Tracxn on October 17. Photo: Shutterstock The market intelligence platform said Southeast Asia remains an important hub for fintech investmentsrepresenting 14.5 percent of total sector funding in
October 21, 2024
Innovations in AI and embedded finance have sparked a recovery in fintech financing, according to third-quarter figures compiled by Dealroom. Editorial This content was selected, created and edited by the Finextra editorial team based on its relevance and interest to our community. While funding for European startups faltered in the third quarter of 2024, with
October 21, 2024
Three Kenyan fintech startups have qualified for the semi-final of the Milken-Motsepe Prize in FinTech, each receiving $100,000 in funding. The startups include AZA Finance, a B2B fintech providing businesses with efficient and low-cost financial services such as payments, foreign exchange and cash flow in major currencies; Chumz, a gamified savings platform that uses behavioral
October 21, 2024
Home » General » Business » Indian fintech startups secure $778 million in Q3, second in the world after the US. Bengaluru, Oct 15 (SocialNews.XYZ) India's fintech startup ecosystem secured $778 million in funding during the July-September period, reaching second place globally after the US in terms of fintech funding raised in the third quarter,
October 20, 2024
India's efforts towards a cashless economy have seen significant developments, including the integration of credit card payments into the Bharat Bill Payment System (BBPS). The Reserve Bank of India (RBI) has mandated that all credit card bill payments be routed through BBPS, putting it at the forefront of India's digital payments landscape. The move improves
October 19, 2024
Early-stage venture capital firm 8i Companies has fully divested its investment in M2P Fintech, realizing a remarkable 12x return on its initial capital. The company had initially invested Rs 9.7 crore in the fintech startup in January 2020, and with its recent exit, it made a total return of Rs 115.9 crore. This exit was
October 19, 2024
Send your company's latest business news to D CEO Deputy Editor Layten Praytor at layten.praytor@dmagazine.com Fintech real estate platform Backflip has raised two private credit funds totaling $30 million in equity, as well as $154 million in asset-backed financing to fund residential bridging loans or “fixable mortgages.” Real estate entrepreneurs can use the platform to
