The Australian tech scene is witnessing an exhilarating moment as WeMoney, a promising financial wellness platform, garners a formidable $3 million in its latest funding round. This achievement comes on the heels of a significant $7 million funding round in mid-2022 and an initial $2 million seed investment. The cumulative financial support underscores deep investor confidence, led by heavyweights such
Sierra Leone is stepping confidently into a newfound digital age with the launch of Vult, a sophisticated digital wallet platform that’s set to redefine financial accessibility and global transactions within the nation. At a time when Sierra Leone is embracing Metro Cable’s high-speed fiber optic broadband, this innovation—borne from the strategic synergy between Velmie, known for its expertise in banking
In a remarkable leap towards a more inclusive and technologically advanced financial infrastructure, Sierra Leone welcomes the Vult Wallet, a brainchild born from the strategic union of Metro Cable, the nation’s foremost gigabit internet provider, and Velmie, a prominent force in banking technology. Together, they are carving pathways not just to streamline monetary transactions but to ultimately increase economic growth
In a bold move to redefine the banking landscape, the Spanish financial giant BBVA is setting the stage for a digital disruption by embarking on a groundbreaking partnership with OpenAI. This collaboration heralds a significant leap forward, not just for BBVA but for the banking industry at large, as it becomes the first European bank to harness the prowess of
The financial technology horizon is continuously expanding, with groundbreaking innovations disrupting the conventional systems. Amidst this transformative era, Diamond Standard Co. has introduced CARATS – a payment solution built on blockchain technology, anchored by the intrinsic value of diamonds. This system blends the tangibility of physical assets with digital fluidity, challenging the norms that have long governed financial exchanges. By
In the ever-evolving landscape of digital infrastructure and renewable energy, one company is making bold strides toward a cleaner, more sustainable future. Soluna, a prominent data center operator, has successfully secured a significant $30 million in funding, laying the foundation for an ambitious expansion of its Texas-based facility. This investment, firmly backed by Spring Lane Capital, heralds the imminent arrival
As Georgia continues to foster technology growth, Fairburn is set to become the next node in the state’s burgeoning tech network with the new Fairburn Technology Center. Planned to be a sprawling complex with over 1.19 million square feet of space stretched across three buildings on a 59-acre lot, this center marks a significant technological advancement just outside Atlanta. Spearheaded
The financial technology landscape is witnessing the rapid ascent of Colendi, a Turkish FinTech startup that’s carving a niche for itself in digital banking and financial services. A recent capital infusion—raising $30 million in a Series A funding round—has put Colendi squarely in the spotlight. Noteworthy backers include Citigroup Inc.’s venture arm and Migros Ticaret A.Ş., among other existing investors.
In a bold move set to redefine the financial services landscape in the MENA region, EFG Hermes, the leading investment bank, has announced its acquisition of a minority stake in Kenzi Wealth, a Danish FinTech company at the forefront of AI-driven asset management technology. This strategic step is not merely a financial venture but a concerted effort to enhance EFG
Cisco Systems, Inc., long revered as a linchpin in the realm of digital communications, recently saw its stock value rise in a confident stride upward. The stimulant of this ascent appears to stem from an optimistic fourth-quarter forecast coupled with the colossal acquisition of cybersecurity firm Splunk. This bold maneuver signals a bid to expand Cisco’s dominion into the cybersecurity
Stripe, the prominent financial infrastructure provider headquartered in the US, is extending its financial services in the UK with the launch of new payment modalities and business lending tools. This move is set to reinforce its already significant presence in the European market. As the company inaugurates a notable new office in London, it introduces native payment solutions, designed to
The impetus for artificial intelligence (AI) investment by corporations is surging at an unprecedented pace. In Alexei Alexis’s article from CFO Dive, the focus shifts to the burgeoning commitment of businesses to AI, with a specific lens on the expectant growth in generative AI (GenAI). However, with great investment comes significant accountability, and finance executives now face the arduous task
