In a bid to promote financial inclusion and advance cashless transactions, the state-owned Land Bank of the Philippines (LandBank) has embarked on an initiative to equip the store owners in Iloilo City’s public market with the capacity to accept digital payments. Through its participation in the Paleng-QR PH Plus program, LandBank aims to promote the use of QR PH, the
Perplexity.AI, a game-changer in the search engine market, is taking on big tech giants like Google and Microsoft by offering a simple yet incredibly effective AI-powered search engine experience. With its unique approach to information retrieval, Perplexity.AI aims to revolutionize how users access and explore knowledge online. Series B Funding Round Boost In an exciting development, Perplexity.AI recently announced a
CoinShares’ latest Digital Asset Fund Flows Weekly Report reveals a remarkable $4.13 billion in inflows since the launch of the first spot Bitcoin Exchange-Traded Fund (ETF) on January 11. This surge in investments marks a significant shift in the crypto investment landscape. In contrast, traditional crypto fund managers have experienced substantial outflows totaling $2.9 billion over the last two weeks,
In today’s technologically-driven world, understanding the economics of AI startups is of paramount importance. As AI continues to reshape industries, it is crucial to delve into the unique financial dynamics that these startups face. This article explores the economics of AI startups by comparing them to software startups, analyzing the valuation profiles, discussing the impact of revenue quality, and highlighting
The cryptocurrency market has been experiencing turbulent movements in recent times, triggering a sense of bearish sentiment among investors. As Bitcoin, the leading cryptocurrency, faces a downward trend, analysts are highlighting critical support levels at $38,000 and $36,000 that could play a crucial role in determining its future trajectory. Short-term Bitcoin holders are facing losses Bitfinex analysts have observed an
WealthKernel, a leading provider of digital investment services and infrastructure, announced that it has successfully secured an investment of £6 million in a Series A extension round. The round was led by ETFS Capital, with participation from other prominent investors, including XTX Ventures, the venture capital arm of algorithmic trading company XTX Markets. Funding History of WealthKernel WealthKernel’s journey to
ElevenLabs, a pioneering startup specializing in AI-powered tools for creating and editing lifelike synthetic voices, has recently closed an $80 million Series B funding round. This round, co-led by prominent investors, brings the total funds raised by ElevenLabs to $101 million and values the company at over $1 billion. With a focus on developing cutting-edge technologies, ElevenLabs seeks to revolutionize
Erie Strategic Ventures, the venture capital arm of Erie Insurance, has recently made strategic investments in three innovative portfolio companies. These investments aim to drive growth and innovation in the insurance industry while providing value to ERIE, its agents, and policyholders. The companies included in this investment are Wagmo, Roots Automation, and Trust & Will, each operating in different sectors
ElevenLabs, a cutting-edge AI voice startup founded by former Google and Palantir employees, has recently achieved unicorn status. With a valuation of $1.1 billion, the company has experienced exponential growth and raised $80 million in a Series B round of funding. This achievement not only highlights the company’s incredible potential, but also emphasizes the growing demand for AI voice technology
Solana, like many tokens, experienced a price dip in the aftermath of the FTX collapse and the crypto winter but seems to be on the road to recovery. As of the time of writing, Solana is trading at $94.36, which represents a slight dip from its price of over $100 in the last week. In this article, we will delve
The Kerala State Electricity Board (KSEB) has recently announced the implementation of a QR code payment system for electricity bills. This new system, set to come into effect on March 1, aims to bring greater convenience to users by seamlessly integrating meter readings into the payment process. The collaboration with Canara Bank has facilitated the establishment of this innovative payment
In a significant move, Google Pay has signed a groundbreaking deal with the National Payments Corporation of India (NPCI) to expand India’s Unified Payments Interface (UPI) real-time payments system to other countries. The partnership aims to enable seamless financial transactions for Indian travelers abroad and establish UPI-like digital payment systems worldwide. With this strategic collaboration, cross-border financial exchanges will be
