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
A2A payments, or account-to-account payments, refer to the direct transfer of funds between two bank accounts without the need for intermediaries like credit or debit cards. This emerging payment method offers numerous advantages, including lower costs, enhanced security, and improved convenience. In this article, we will explore the potential of A2A payments beyond convenience, highlighting their benefits for both merchants
Nuant, a leader in the CeDeFi space, has recently joined the prestigious OpenWealth Association, aligning with key finance players such as Credit Suisse, LGT, VP Bank, and leading WealthTech firms like Assetmax and InvestSuite. This significant collaboration aims to advance crypto investment risk management within Switzerland’s robust financial sector. By joining the OpenWealth Association, Nuant reinforces the growing integration of
SumUp, a leading payment service provider, has recently made a series of exciting announcements aimed at empowering small merchants. These updates include the addition of digital cards and MasterCard to their business account, the introduction of a Tap to Pay feature in Europe, enhancements to their online store for instant order processing and analysis, the inclusion of discount codes and
Recraft, an innovative AI graphic design generator catering to professionals, recently announced a successful $12 million Series A funding round. Led by Khosla Ventures, the funding will fuel the development of Recraft’s proprietary Foundation Model, a cutting-edge technology designed to generate consistent design elements that can be customized within a brand’s unique style controls. Background and Foundation Model The key
In a move that is set to revolutionize the payment experience for finance teams, Volopa has announced a collaboration with Yapily to harness the capabilities of Open Banking. This partnership aims to redefine the way businesses handle their payments and unlock a new era of transparency, speed, and efficiency. Redefining the payment experience for finance teams The core objective of
In a significant development for the Latin American fintech sector, global giants PayPal and Samsung have participated in a $13 million funding round for Prometeo, a leading embedded banking software platform. The strategic investments highlight the growing interest and potential of embedded finance in the region. Prometeo’s innovative platform aims to consolidate the diverse financial technology infrastructures across Latin America
