Berlin-based WealthTech startup NAO is making waves in the financial sector, having successfully raised €3.4 million in seed funding from various investors, including family offices, private investors, and notable figures like FinTech veteran Jakob Schreyer and VC Zeitgeist X Ventures. This app-based co-investment platform, which launched in mid-2023, focuses on providing access to alternative investments such as private equity, infrastructure,
In response to growing client demand for alternative investments, GSB Financial Services Group has unveiled the GSB FutureOf Fund I, a $50 million early-stage startup investment fund aimed at backing disruptive businesses. This initiative represents a significant move by GSB towards offering comprehensive investment solutions for high-net-worth individuals with at least $1 million in investable assets, excluding those based in
The debut of ChatGPT by OpenAI on November 30, 2022, marked a significant milestone in the field of artificial intelligence. Initially launched as an experimental project, ChatGPT quickly gained widespread attention and adoption, setting the stage for a new era of generative AI. This article explores the transformative impact of ChatGPT over the past two years, examining its influence on
Kenyan fintech startup Leja has experienced remarkable growth over the past year, processing an impressive $2 billion in B2B payments in 2024. This milestone reflects a 30% month-over-month growth rate and a staggering 300% cumulative increase within a year, highlighting the platform’s increasing adoption. The Leja App has emerged as a vital tool for micro, small, and medium enterprises (MSMEs)
Manufacturers and inventory-centric businesses often face the challenge of choosing the right software to manage their operations efficiently. As businesses grow, the limitations of basic accounting software like QuickBooks become apparent. This article explores why upgrading to Microsoft Dynamics 365 Business Central (BC) can significantly enhance your manufacturing game. QuickBooks may cater to initial needs, but a more robust solution
RBI Scrutiny Slows Fintech Growth as Bad Loans Rise The fintech lending sector in India is experiencing a notable slowdown in growth along with a troubling increase in bad loans. This decline is happening amidst heightened regulatory scrutiny from the Reserve Bank of India (RBI) concerning the burgeoning unsecured credit business. Insights from multiple startup founders and industry experts reveal
In today’s fast-paced business environment, efficient financial management is crucial for success. Microsoft Dynamics 365 Finance offers a comprehensive solution specifically designed to streamline financial processes through automation, integration, and advanced analytics. Businesses of all sizes can benefit from the robust features offered by Dynamics 365 Finance, which facilitates seamless cash flow management, regulatory compliance, and data-driven decision-making, transforming the
In today’s landscape where startups often navigate with limited financial resources, it’s imperative to understand how they can effectively implement artificial intelligence (AI) without surpassing tight budgets. AI adoption is no longer a futuristic concept but a present necessity for startups looking to optimize operations, enhance creativity, and gain a competitive edge. Insights from fourteen CEOs and founders provide practical
Sandbox Wealth, a company offering a turnkey banking solution for non-bank financial institutions, successfully raised $1.25 million in its pre-seed funding round. The funding round was led by NextGen Venture Partners and included participation from other notable investors such as Northwestern Mutual Future Ventures, gener8tor, and RevTech Labs. The platform aims to provide Registered Investment Advisors (RIAs) and Family Offices
Growl, an AI-powered interactive boxing coach, aims to enhance family workouts and has secured $4.75 million in funding to develop its cutting-edge fitness product. This Austin, Texas, and Paris-based connected fitness startup emerged from stealth mode, introducing a personal at-home boxing and fitness coach tailored for the entire family. Growl offers an immersive, gamified, and AI-enabled fitness experience that stands
Marygold & Co. has taken a significant step towards transforming financial management for both individuals and small businesses by partnering with Moneyhub to enhance its forthcoming money management app, set to launch in early 2025. This app aims to simplify financial management without necessitating users to switch their bank accounts. By incorporating features like customizable reminders, automated savings prompts, specialized
In a bid to revolutionize business banking and simplify financial management, myTU has unveiled its new AI-powered business Visa debit card—a cutting-edge, cloud-first digital banking solution designed specifically for businesses. This innovative product has already been rolled out to customers across the entire European Economic Area (EEA), offering them both physical and virtual card options. The new card boasts a
