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
In recent years, the digital lending market in the United States has experienced remarkable growth, driven by advancements in technology and changing consumer preferences. The shift towards digital platforms has revolutionized the lending landscape, offering streamlined processes, enhanced customer experiences, and improved access to credit. This article delves into the forecasted growth, benefits, emerging trends, and market dynamics shaping the
In recent years, credit card fraud has become a growing concern for financial institutions and consumers alike. However, with the emergence of Artificial Intelligence (AI), a powerful ally has been found to tackle this menace. AI-powered systems have revolutionized the way financial institutions detect and prevent unauthorized activities, providing a dynamic and effective approach to combat credit card fraud. Evolution
Artisse, an innovative AI photo creation app, has recently secured $6.7 million in seed funding. With its unique approach that focuses on producing photorealistic images, Artisse has successfully gained popularity among users seeking to generate lifelike photos of themselves. In this article, we will delve into the user experience, functionality, popularity, technical factors, challenges, unique selling points, user behavior, social
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
The global technology industry is set for robust growth in the coming years, with software and IT services expected to capture more than two-thirds of global tech spending by 2027. This growth is being driven by enterprise and government investments in technology, propelling global IT spending to reach a staggering $4.7 trillion this year, marking a 5.3% increase over 2023.
In the ever-evolving landscape of financial transactions, one thing has become abundantly clear: time is the new currency of progress. With the shift towards real-time payments, a cultural transition in monetary interactions is taking place. This monumental shift signifies more than just a technological advancement; it marks a fundamental change in the way we conduct financial transactions. The Emergence of
Payment as a Service (PaaS) has emerged as a crucial component in the ever-evolving landscape of digital commerce. PaaS, a cloud-based platform, facilitates seamless and secure payment transactions for businesses and consumers. This article explores the rising prominence of PaaS, highlighting key trends that are shaping the market and transforming the way we engage in digital transactions. Rise of contactless
London-based embedded finance platform, Liberis, is making its debut in the Canadian market to empower small businesses with accessible financing solutions. Liberis’ expansion into Canada comes after it recently secured substantial debt financing and partnered with Vagaro Capital, providing a significant boost to its growth prospects. The company aims to offer flexible and transparent financing to small and medium-sized enterprises
In recent years, the rise of ‘Buy Now, Pay Later’ (BNPL) services has revolutionized the financial landscape in Africa. These services offer individuals the flexibility to purchase items and choose to pay for them over a specified period, typically in low-interest rate installments. This article explores the significance of BNPL in enhancing financial inclusion, ensuring that individuals from all walks
Onafriq, a leading financial technology company, has joined forces with Alviere, a prominent embedded finance provider, to revolutionize remittances and payment services from the United States to Africa. This strategic partnership aims to enhance financial access and promote economic prosperity across the continent. With Onafriq’s extensive network and Alviere’s advanced technology and regulatory coverage, millions of Africans will benefit from
Bharatsure, a Mumbai-based insurtech startup specializing in Infrastructure-as-a-Service (IaaS) solutions, recently announced that it has successfully secured $1 million in its latest funding round. This significant financial injection comes as a major boost to the company’s ongoing efforts to revolutionize group insurance distribution in India and marks a significant milestone for Bharatsure. Allocation of Funds The newly acquired funds have
