India-based Onsurity, an SME-focused, subscription-led employee healthcare benefits provider, has successfully raised $24m in a Series B funding round. The funding round, which saw participation from key investors including IFC, Nexus Venture Partners, and Quona Capital, reflects the growing demand for technology-driven solutions in the insurtech space. Diving into what Onsurity offers, the company is revolutionizing the InsurTech space by
Insurtech start-up Allium Data, Inc. has made major waves in the industry by securing a significant pre-seed funding round of $750,000 from Markd, a prominent insurance and insurtech-focused venture capital firm. This funding marks a pivotal moment for Allium Data, allowing them to accelerate their growth and go-to-market strategy for all of their innovative platform products. With a mission to
Rainforest, a pioneering Payments-as-a-Service (PaaS) platform, recently announced the successful completion of an impressive $11.75 million seed funding round. This funding will enable the company to further its mission of transforming the payments landscape by offering customers optimal economic benefits with minimal operational and compliance hassles. Unique Selling Proposition At the heart of Rainforest’s offerings lies its unique selling proposition:
Small businesses are the backbone of the economy, driving innovation and creating jobs. However, they often face challenges when it comes to accessing credit and managing cash flow. In an effort to support these businesses, Galileo, a leading payment and banking platform, has launched its Buy Now, Pay Later (BNPL) offering for lenders to serve their small business clients (SMBs).
Full-time in-office work is no longer the norm, as companies worldwide are recognizing the benefits of flexible work arrangements. This shift towards remote and flexible work is being led by forward-thinking companies that are shaping the future of business. In this article, we will explore the rise of flexible work, the implications for small firms, the outlook for traditional corporations,
In today’s rapidly evolving technological landscape, embracing Artificial Intelligence (AI) is paramount for businesses seeking sustainable growth. Rather than fearing the elimination of jobs, companies should harness the power of AI-human synergy to drive entrepreneurship and boost business outcomes. This article explores the current state of AI in business, its impact on job automation, the future outlook, the collaborative potential
West Bengal Electronics Industry Development Corporation Limited (Webel) is set to establish another data center in Siliguri, a city in the Indian state of West Bengal. As a state agency focused on promoting the IT and electronics industry, Webel aims to enhance the region’s IT infrastructure with this new project. The data center is expected to cater to the high-end
In a groundbreaking collaboration, Swedish fintech Froda has joined forces with global payment providers Visa and Checkout.com to introduce push-payment functionality for business lending. This partnership aims to transform the traditional lending process, offering secure, efficient, and fast payouts for business loans. With the utilization of Visa Direct, a processing capability enabling real-time funds transfers to financial accounts using card
In a bid to expand its data center infrastructure, Amazon has set its sights on the Mesa area of Phoenix, Arizona. The tech giant has proposed the development of up to four data centers, with each plan featuring two substantial buildings spanning 227,000 square feet (21,090 square meters). The strategic locations chosen by Amazon demonstrate its determination to cement its
Authentic, a turnkey insurance platform specializing in captive insurance, has successfully closed a $5.5 million seed round. This significant funding will enable the company to launch its innovative ‘Captive in a Box’ platform, which aims to support vertical SaaS companies, franchises, and other groups in reaping the numerous benefits of captive insurance. Introducing the “Captive in a Box” platform Captive
Vega, a UK wealthtech platform founded by former executives from leading hedge funds, private equity firms, and fintech scale-ups, has recently launched with over $8 million in equity investment. The platform aims to bridge the gap between institutional-grade wealth management solutions and mass-market private wealth solutions, transforming the experience for both end-users and financial advisors. Features of Vega Platform With
In an increasingly digital age, the transition from paper to digital processes has revolutionized various industries, including lending. In the lending sector, digital migration offers several significant advantages, such as competitive differentiation, an enhanced borrower experience, and a reduction in time and costs in the origination process. However, embarking on this journey requires careful planning, stakeholder involvement, and a comprehensive
