London-based pricing decision intelligence (PDI) software provider, Hyperexponential, has successfully closed its Series B funding round, securing $73 million. Led by Battery Ventures, a global technology-focused investment firm, the round also saw participation from Silicon Valley investor a16z and existing Series A investor Highland Europe. This substantial funding will enable Hyperexponential to drive its U.S. expansion plans, including the opening
Quora, the popular question and answer platform, has made headlines once again by raising funding for the first time in nearly seven years. The company secured an impressive $75 million investment from Andreessen Horowitz (a16z), with the aim of fuelling the growth of Quora’s AI chat platform, Poe. Focus on Poe, Quora’s AI chat platform At the center of Quora’s
The financial services industry is undergoing a remarkable transformation driven by the rapid advancement of interoperability. This groundbreaking concept promises to redefine how we pay and get paid, offering seamless interactions between once disparate systems. In this article, we explore the various aspects of payment interoperability and its cascading benefits throughout the entire payment ecosystem. Defining Payments Interoperability and Seamless
The Banco de España has taken a significant step forward in exploring central bank digital currencies (CBDCs) by selecting three partners for a six-month pilot program. The collaboration aims to test the feasibility and potential benefits of a wholesale CBDC, specifically focusing on interbank payments and settlements. With local banks Cecabank and Abanca, alongside UK-based blockchain company Adhara Blockchain on
In this era of digital advancement, the integration of finance into our everyday lives has become more seamless and ubiquitous. Embedded finance refers to the spectrum of financial services that are now seeping into our daily digital experiences, fundamentally transforming the way we interact with money. From embedded payments to embedded lending, insurance, investment, banking services, savings, cards, and rewards,
Blockchain technology, known for its revolutionary power in various industries, is finding its way into the charity sector. This article aims to explore how blockchain can enhance transparency, accountability, and efficiency in charitable giving. By leveraging the immutability and security of blockchain transactions, charities can mitigate risks, reduce administrative costs, accelerate donation processing, and foster trust among donors and charitable
FusionIQ, a leading provider of digital investment solutions, has joined forces with Kinecta Federal Credit Union to enhance its digital offerings and boost digital wealth management. This partnership is a testament to FusionIQ’s commitment to delivering innovative solutions that align with the evolving needs and preferences of financial institutions and their members. The FusionIQ One Platform: Empowering Banks and Credit
In the rapidly evolving landscape of fintech, artificial intelligence (AI) has emerged as a game-changer. The year 2024 presents a pivotal moment for fintech companies to leverage AI technology to enhance customer experience, streamline financial processes, and strike a harmonious balance between human and AI roles. This article explores the various ways in which AI can transform the fintech industry
UK-based asset and wealth management software vendor, Zilo, has successfully raised £25 million in a Series A funding round, which saw participation from renowned financial institutions such as Citi, Fidelity International Strategic Ventures, Portage, and State Street. This funding will enable Zilo to further develop its cutting-edge SaaS technology platform for global transfer agency services, offering asset and wealth managers
Vienna-based InsurTech company hi.health has successfully raised €6m in its pre-Series A financing round. The funding comes in the wake of high investor interest, with notable existing investors such as SpeedInvest and Calm/Storm participating alongside new international investors Haymaker Ventures, Fin VC, and Nina Capital. This financing round marks a pivotal moment for hi.health as it seeks to scale its
As we bid farewell to the rollercoaster year of 2023, the AI startup landscape is poised for an exciting journey ahead in 2024. The industry is moving past its initial hype cycle, and investors are optimistic about the emergence of more durable businesses. In this article, we will explore the expectations for continued funding, the potential second wave of AI
Intergiro, a leading Swedish FinTech company specializing in payment and banking infrastructure, has recently announced its groundbreaking partnership with Silverflow, a cloud platform that focuses on global card processing. This strategic collaboration aims to empower Intergiro to offer advanced card network capabilities to its clientele, augment processing efficiency, and provide unprecedented access to valuable card scheme data. Empowering Intergiro’s clients
