InMobi, a global consumer technology company, has recently secured $100 million in debt financing from MARS Growth Capital. This significant investment underscores InMobi’s strategic commitment to enhancing artificial intelligence (AI) capabilities to revolutionize consumer interaction with mobile devices and advertisements. The infusion of funds is poised to drive not only organic growth but also potential AI-focused acquisitions, positioning InMobi to
Arta Finance, a digital wealth management platform co-founded by former Google executives, has recently secured a strategic investment from EDBI, the investment arm of Singapore’s Economic Development Board. This milestone investment aims to support Arta Finance’s mission to democratize access to advanced financial tools and opportunities usually reserved for the ultra-wealthy. The platform leverages artificial intelligence and cutting-edge technology to
MoneyLion, a trailblazing digital finance ecosystem, has joined forces with Nova Credit, a frontrunner in credit infrastructure and analytics, to reshape the landscape of credit accessibility. By integrating Nova Credit’s advanced cash flow analytics platform, Cash Atlas™, into MoneyLion’s decision engine, this partnership aims to provide lenders with deeper insights into consumers’ financial health—transforming how credit is evaluated and granted.
The recent closure of the GenAI-powered InsurTech startup InsurStaq.ai has thrown a spotlight on the volatile nature of the AI and startup ecosystems. Launched in 2022 by co-founders Mayan Kansal and Shivam Kaushik, InsurStaq.ai aimed to revolutionize the insurance industry using its Large Language Model (LLM) called InsurGPT. The company’s generative AI applications were designed to streamline claims processing, underwriting,
Cohora, a leading platform specializing in customer activation and engagement, has successfully raised an additional $2.5 million in seed funding. This investment round was led by Volition Capital and PJC, fueling Cohora’s ambitions to drive the next phase of its growth. The infusion of capital will play a crucial role in expanding the company’s capabilities, sharpening its competitive edge, and
Artificial intelligence (AI) and robotic process automation (RPA) are revolutionizing the way businesses operate, ushering in an era where tasks once considered far-fetched are now routine. These technologies, which were previously seen as the distant future, have become essential components across various industries, driving productivity, efficiency, and innovation to new heights. At the forefront of these advancements stands Rajiv Kumaresan,
Sigo Seguros, an innovative startup in the InsurTech sector, has successfully secured $10.5 million in a Series A funding round. Founded in 2018 in Austin, Texas, this company focuses on delivering accessible car insurance services to underserved communities, including immigrants and working-class individuals. This latest financial leap positions Sigo Seguros to accelerate its expansion and enhance its product offerings, reinforcing
In the fast-paced world of business, efficient credit management can be a game-changer. With the advent of NetNow, an innovative trade credit automation platform, the landscape of B2B credit management is on the brink of a revolutionary transformation. Spearheaded by a recent influx of $1.8 million in pre-seed funding, NetNow sets its sights on streamlining the credit and collections processes
Anthropic, an AI startup backed by heavyweights such as Amazon and Google, is gaining significant traction in the fiercely competitive enterprise AI market. With its recent releases—Claude Enterprise and Workspaces—Anthropic aims to equip businesses with advanced tools that enhance the management and deployment of AI technologies. These innovations demonstrate the startup’s unwavering commitment to balancing cutting-edge AI capabilities with the
In the competitive world of GPU technology, staying ahead of the curve is no easy feat. EK, a well-regarded name in the water-cooling industry, finds itself at a crossroads as it plans to launch new cooling solutions for next-gen GPUs. Amid allegations and controversy, the company’s future hinges on its ability to innovate and maintain a strong market presence. The
The financial landscape for small and medium-sized enterprises (SMEs) in the MENA region is undergoing a significant transformation, thanks largely to FlapKap. This Abu Dhabi-based FinTech company is revolutionizing SME financing by leveraging data and technology, and its recent $34 million pre-Series A funding round is a testament to its impact. The new capital injection is expected to accelerate their
Founded in 2014, Twenty7tec, a leading financial technology (FinTech) company based in Bournemouth, UK, is transforming how mortgage advisers operate through its cutting-edge platform. The recent infusion of £16.5 million from BGF marks a pivotal moment in the company’s growth trajectory, coupled with strategic leadership changes designed to drive further innovation. Twenty7tec: Pioneering Mortgage Technology Streamlined Processes for Advisers Since
