In a strategic move to enhance the security infrastructure of decentralized financial systems, Chainalysis, a leading American blockchain analytics firm, has acquired Hexagate, an Israeli startup specializing in Web3 and blockchain security solutions. This acquisition, estimated at around $60 million, is Chainalysis’ first significant venture in Israel, and it emphasizes the company’s commitment to reinforcing blockchain safety and threat prevention
Volume, a burgeoning payments fintech startup, has galvanized the online payments sector by raising $6 million in a funding round spearheaded by United Ventures. Contributions also came from open finance platform Fabrick and ongoing support from previous investors Firstminute Capital, SeedX, and Haatch. Volume is redefining online payments through its innovative account-to-account (A2A) technology, aiming to render payment fees obsolete.
Juicyway, a leading payment startup utilizing stablecoin technology, has recently emerged from stealth mode by announcing a significant $3 million pre-seed funding round. This groundbreaking initiative, led by P1 Ventures with support from Ventures Platform, Future Africa, Magic Fund, and other investors, aims to transform cross-border payments for African individuals and businesses, facilitating a more seamless connection to the global
In a world where video content rules the digital space, Pika’s latest release, Pika 2.0, marks a significant advancement in AI-driven video creation. The successor to the widely received Pika 1.5, this new iteration improves upon its predecessor by offering enhanced user control and heightened customizability for lifelike AI-generated videos. Only days after the release of OpenAI’s Sora—which targets professional
Fiverr International Ltd. has unveiled Dynamic Matching, an advanced AI-assisted tool designed to revolutionize how businesses find and hire freelancers. Combining artificial intelligence with human expertise, Fiverr aims to simplify and expedite the hiring process, making it more efficient for customers. Dynamic Matching represents a new era in freelance hiring, where technology and human review combine to provide the best
Sapient Intelligence, a pioneering AI startup from Singapore, has successfully concluded its seed funding round, raising an impressive $22 million. This funding round has valued the company at $200 million and has attracted prominent investors such as Vertex Ventures, Sumitomo Corporation, and JAFCO. Sapient aims to address the fundamental shortcomings in traditional GPT-style models by developing new AI architectures capable
The focus of the article is on how RapidCanvas, an AI startup based in Texas, has developed a platform that automates 70% of data-centric tasks for generative AI projects. This development is particularly significant given the recent surge of interest in AI across enterprises, initially driven by the emergence of large language model (LLM)-powered tools such as ChatGPT. The first
In a strategic move that positions Uinsure at the forefront of the insurtech industry, the company has promoted Ross Tyler to the role of Chief Technology Officer (CTO). Tyler has been an instrumental figure at Uinsure for five years, contributing significantly to the company’s remarkable growth and establishing it as a key player in the competitive insurtech market. His promotion
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)
