News by FinTech Collective

News by FinTech Collective

News by FinTech Collective Archive

Texas Sues G.M. Over Collection and Selling of Driver Data

The lawsuit accuses the automaker of tricking drivers into sharing detailed driving records that were then sold to insurance companies.

Texas’ complaint against General Motors and its OnStar subsidiary says that beginning in 2015, the automaker sold its customers’ driving...…

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Just four companies are hoarding tens of billions of dollars worth of Nvidia GPU chips

Which companies have all the Nvidia chips? Each Nvidia H100 can cost up to $40,000, and one big tech company has 350,000 of them!

Of course, the list of companies seeking such powerful chips for AI training is long, and likely includes most large technology companies...…

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Quai raises $5m in new funding

Texas based Layer-1 crypto network raised $5m in new funding led by Cogitent Ventures and MH Ventures.

"By enabling seamless, trustless interactions across multiple chains and supporting fast, low-cost transactions, Quai addresses the pain...…

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Private fintech Stripe again proposes staff share tender offer

Stripe, a closely-watched IPO candidate, will buy back employee shares using its own cash, not outside sources. 

The venture capital firm Sequoia Capital offered to buy Stripe shares last month at $27.51 each, valuing the firm at $70 billion. The...…

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HKMA launches GenAI sandbox

The Hong Kong Monetary Authority encourages banks to test use cases such as improved risk management and anti-fraud efforts.

HKMA chief executive Eddie Yue said the sandbox was aimed at promoting responsible innovation in AI in the banking industry.

Efficient Capital Labs raises $11m in Series A funding

New York based cross-border revenue-based financing provider raised $11m in Series A funding led by QED and 645 Ventures.

“ECL is the only revenue-based financing company that evaluates a business’ revenue across every geography to provide a holistic risk...…

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Magie raises $4m in Seed funding

São Paulo based financial assistant startup raised $4m in Seed funding led by Lux Capital.

“Our goal is to really build something with a lot of retention first,” said co-founder Luiz Ramalho.

Revenew raises $4.6m in new funding

San Francisco based payment operations and optimization startup raised $4.6m in new funding led by Fika Ventures.

"Every feature is designed to eliminate uncertainty and give platforms the insight they need over their payments strategy, performance,...…

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Orderly Network raises $5m in new funding

New York based liquidity layer for web3 trading raised $5m in new funding led by OKX Ventures.

"Amid market volatility, Orderly Network continues to enhance its infrastructure and maintain its growth momentum," said co-founder Ran Yi.

Clarium raises $10.5m in new funding

New York based supply chain management platform for hospitals raised $10.5m in new funding led by General Catalyst.

“Our AI-powered platform and data ecosystem, Astra OS, brings hospitals and providers to the cutting edge of technology and helps to...…

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Waza raises $3m in Seed funding

New York based payments and treasury infrastructure startup for African businesses raised $3m in Seed funding led by Y Combinator.

“It was a bigger problem than I imagined, and I decided to do something about it,” said CEO Maxwell Obi.

Skyfire raises $8.5m in Seed funding

San Francisco based AI agent payments network raised $8.5m in Seed funding led by Neuberger Berman.

“We want this to be the thing everybody uses when it comes to payments in the AI world,” said CEO Amir Sarhangi.

Lettuce Financial raises $15m in Series A funding

San Francisco based automated tax and accounting platform for solopreneurs raised $15m in Series A funding led by Zeev Ventures.

“We are democratizing the world of taxes and accounting for solopreneurs and aim to put at least $50bn back into business growth by...…

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Holonym Foundation raises $5.5m in Seed funding

Decrentralized crypto digital identity security startup raised $5.5m in Seed funding led by Finality Capital and Paper Ventures.

“Web3 must be the space where we provide robust data ownership and secure sharing of personhood, so that nobody can own your data except...…

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Yuze raises $30m in new funding

UAE based provider of business accounts and card programs for SMEs raised $30m in new funding led by Osten Investments.

“Through our innovative solutions and strategic partnerships, we are complementing traditional banking products and providing MSMEs with...…

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Chaos Labs raises $55m in Series A funding

New York based on-chain risk management tool for DeFi protocols and exchanges raised $55m in Series A funding led by Haun Ventures.

"On average, it takes 72 to 96 hours from the moment that a risk manager detects that changes needed to be made until they're actually...…

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Essential raises $11m in Series A funding

Ethereum Layer-2 based blockchain developer raised $11m in Series A funding led by Archetype.

"Our main competitive landscape is other Layer 2 projects who are trying to improve on speed, scalability and user experience."

Syfe raises $27m in Series C funding

Singapore based investment platform raised $27m in Series C funding led by two U.K.-based family offices, Valar Ventures and Unbound.

"Syfe this year reached profitability in its home market of Singapore, and Arora said its average client’s assets on the platform have...…

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Setpoint raises $31m in Series B funding

Austin based credit decisioning infrastructure provider raised $31m in Series B fudning led by 645 Ventures.

“Setpoint has become a cornerstone in the asset-backed ecosystem, earning the trust of the biggest financial institutions."

Capitalize raises $19m in Series B funding

New York based startup focused on automating 401(k) rollovers raised $19m in Series B funding led by existing investor RRE Ventures.

“This capability eliminates the cumbersome process of managing accounts at multiple IRA companies to achieve true diversification."

Ion Protocol raised $4.8m in new funding

US based liquidity protocol for staked and restaked assets raised $4.8m in new funding led by Gumi Capital Cryptos and others.

“Through Nucleus, any network can provide its users with native yield for ETH, BTC and USD backed assets. Users are able to natively...…

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Skydo raises $5m in pre-Series A funding

India based cross-border payments platform raised $5m in pre-Series A funding led by Elevation Capital.

“Eventually we want to get into payouts from India and also start working with larger companies supporting all their cross-border payment...…

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Heatmap raises $4m in Seed funding

New York based data analytics tool for e-commerce websites raised $4m in Seed funding led by Vine Ventures. 

“Two of the ten most-installed Shopify Plus apps are on-site analytics tools, and that’s incredibly telling. The ecosystem wants to know...…

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FLYR raises $225m in Series D funding

California based revenue operating system for airline and transportation companies raised $225m in Series D funding led by WestCap. 

“Much of the travel industry has been technologically stagnant for years, reliant on a handful of legacy incumbents with limited capacity...…

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Chaiz raises $3.7m in Seed funding

Austin based comparison marketplace for extended car warranties raised $3.7m in Seed funding led by ResilienceVC.

We believe everyone should have breakdown protection for their car after their factory warranty expires.

Lucky One raises $3m in Series A funding

Egypt based credit product company raised $3m in Series A funding led by Lorax Capital Partners, KEM and DisrupTech Ventures

The traction built by the Lucky ONE over the past 5 years has geared us to take the next step towards offering a comprehensive range of...…

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Qardy raises a USD seven-figure amount in pre-seed funding

Egypt based digital lending marketplace raised a USD seven-figure pre-seed round led by White Field Ventures and Vastly Valuable Ventures.

This investment will allow us to further enhance our services, as well as accelerate our plans for expansion in KSA and the region.

Rich Data raises $5.9m in new funding

Australia based AI decisioning platform for business and commercial lenders raised $5.9m in new funding led by Acorn Capital.

Our recent partnership with nCino and M&T Bank highlights our commitment to expanding our footprint and delivering a cutting-edge AI...…

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HubiFi raises $2.5m in Seed funding

Ohio based revenue recognition solution raised $2.5m in Seed funding led by Motivate Ventures, Anthemis and Rev1.

Unlike current 'Revenue Management' tools on the market, HubiFi is built to handle not just the 'happy path' use cases. We actually...…

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PortfolioPilot raises $2m in Seed funding

San Francisco based AI-driven financial advisory platform raised $2m in Seed funding led by Morado Ventures and New Enterprise Associates.

PortfolioPilot.com is a next generation financial advisor that empowers individuals to take control of their finances. With over 22,000...…

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Zoth raises $4m in new funding

India based Defi infrastructure company raised $4m in new funding led by Taisu Ventures and G20.

We’re excited to support Zoth’s vision for Real World Assets, bridging TradFi and DeFi. Their strategic approach and execution give us...…

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Morpho raises $50m in new funding

France based provider of a decentralized cryptocurrency lending protocol raised $50m in new funding led by Ribbit Capital.

We've been ready for a few months to take DeFi to the general public, but we still lacked the institutional partners to make it happen....…

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Bilt Rewards raises $150m in new funding

New York based credit card for rental rewards issuers raised $150m in new funding led by Ontario Teachers' Pension Plan.

We're rapidly growing our neighborhood loyalty program, expanding into essential categories like healthcare, gas, and groceries. With...…

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Morpho raises $50m in funding

Decentralized crypto lending platform raised $50m in funding led by Ribbit Capital.

“Our ambition has always been: how do we break out of DeFi?” Frambot said in an interview with CoinDesk. “How do we make sure that...…

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Bilt raises $150m in funding

New York based loyalty program Bilt raised $150m in funding led by Ontario Teachers' Pension Plan Growth.

"In January, we recognized Bilt's unique capture of loyalty in the previously untapped rental payments space. Today, Bilt is rapidly...…

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Raad Labs raises $2.3m in seed funding

Miami based climatech company raised $2.3m in seed funding led by Coinfund.

“There is a significant, unmet need for high-quality weather, air quality, and soil data that can equip businesses, utilities, insurers,...…

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Pichi Finance raises $2.5m in seed funding

Hong Kong based trading company raised $2.5m in seed funding led by UOB Venture Management, Signum Capital and Mantle Network.

“At Pichi Finance, we’re dedicated to unlocking the value of points in decentralized finance by creating a trustless marketplace for...…

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Aviva raises $5.5m in seed funding

Mexico City based neobank raised $5.5m in seed funding led by Krealo.

“Despite countless attempts by fintech and neobanks, the smartphone is not a universal solution to offer financial services to those who...…

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Bobo raises €6.5m in seed funding

Lithuania based mobile banking app raised €6.5m in seed funding led by Graphit Lifestyle.

BoBo aims to expand its business across Europe by targeting family offices, yacht companies, private clubs, and concierge services in the...…

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Layer2 Financial raises $10.7m in Series A funding

Toronto based FX payouts company raised $10.7m in Series A funding led by Galaxy Ventures.

Our diverse customer base, ranging from non-bank financial institutions and traditional banks to neobanks and enterprise organizations,...…

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Leanpay raises €10m in Series B funding

Slovenia based BNPL company raised €10m in Series B funding led by BlackPeak Capital.

Leanpay is celebrated for its seamless user experience, which markedly contrasts with traditional financing methods. The platform offers...…

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