Artificial Intelligence (AI) is taking the world by storm. As the application of AI in various industries increases, investment in AI-focused companies is also on the rise. One of the ways companies are raising capital to fuel their growth is through Special Purpose Acquisition Companies (SPACs). In this article, we will discuss how several AI-focused companies have partnered with SPACs
Brand stretching is a common practice among companies seeking to extend their reach in the marketplace. The process of taking an established brand and introducing it into new markets or product categories can be a powerful tool for growth if done correctly. However, it can also be a risky endeavor if not approached strategically. In this article, we will explore
Comerica Bank has announced the launch of Comerica Small Business Convenient Capital, a fully digital lending platform developed to simplify and accelerate access to capital for small businesses throughout the United States. In collaboration with Amount, a digitally enabled lender and credit solutions provider, the platform is designed to cater to small business customers with loan needs up to $100,000.
DJUST, a Paris-based B2B eCommerce Software-as-a-Service (SaaS) platform, has successfully raised €12m in a Series A growth funding round. The funding round was led by New Enterprise Associates, Inc. (NEA), with additional support from Elaia Partners, which is an existing investor in DJUST. This funding round has offered a considerable financial boost to the company’s expansion plans. The €12m Series
In today’s data-driven world, businesses rely heavily on high-quality, accurate, and up-to-date data to make informed decisions in multiple aspects of their operations. With the increasing importance of customer-centered marketing, the pressure to maintain well-organized data has never been higher. The use of a Customer Data Platform (CDP) is becoming increasingly popular among businesses, particularly for startups. In this article,
Embedded finance has rapidly become one of the most talked-about areas of fintech innovation in recent years. Defined as the integration of financial services into non-financial products and services such as retail, mobility, or healthcare, embedded finance is fast becoming a growth opportunity for businesses of all sizes, particularly small and medium-sized enterprises (SMEs). The Growth Potential of the Embedded
Artificial intelligence (AI) is changing the world in ways that we never thought would be possible. The pace of progress in AI is accelerating at a rapid rate, and its potential benefits are vast. From Large Language Models (LLMs) like GPT-4 to Automated Speech Recognition (ASR) platforms like ASAPP, AI has proven to be a game-changer, and we are only
Matching businesses with the right partners is becoming increasingly difficult in today’s crowded market. Technology can help, but it can also be overwhelming. Finnovating, a Madrid-based startup, has developed its own Generative Pre-Trained Transformer called MatchGPT, to make B2B matchmaking simpler and more effective. Background on Finnovating and Its B2B Matching Platform Finnovating began as a B2B matching platform that
Digital transformation and cybersecurity provider Noventiq is set to merge with special purpose acquisition company (SPAC), Corner Growth Acquisition Corp. The move will create a new entity known as NVIQ, which is expected to go public on Nasdaq. The deal values Noventiq at a pro forma enterprise value of $800 million and a pro forma equity market cap of $1
The demand for higher efficiency in regulatory processes has paved the way for innovative technologies such as Robotic Process Automation (RPA). Merck Life Sciences has taken the initiative to enhance its regulatory processes with RPA. RPA enables the automation of monotonous and repetitive activities, ensuring regulatory compliance, and reducing the risk of human error. The use of RPA in regulatory
The advent of financial technology (fintech) companies has brought about a radical shift in the traditional banking industry. Fintech firms have leveraged technology to provide financial services seamlessly through mobile apps and online platforms. The industry has evolved from traditional banking to what is known as the embedded finance model, revolutionizing the roles played by banks and other financial institutions
Obie, an insurtech company focused on providing insurance to residential real estate investors, has announced that it has raised $25.5 million in a series B funding round. Battery Ventures led the round, with participation from Brick and Mortar VC, DivcoWest, and several real estate funds and investor groups. The new funding will support the future of embedded insurance as Obie
