Procurement startup Zip secured $190 million in Series D funding, increasing its valuation to $2.2 billion (up from $1.5 billion in 2023). The investment is one of the largest in procurement technology in more than 20 years, according to a Monday (Oct. 21) press release....
Artificial intelligence startup SandboxAQ is reportedly plotting a fundraise that would value the company at $5 billion. The company, which spun off from Google parent company Alphabet, is in talks with possible investors about the equity funding round, Bloomberg reported Friday (Oct. 18), citing unnamed...
Personal finance company SoFi is expanding its loan platform with a new $2 billion investment. The new “loan platform business agreement,” announced Monday (Oct. 14), is based on funds that will be managed by affiliates of Fortress Investment Group. The agreement expands the capabilities of SoFi’s loan platform business,...
Healthcare AI firm Suki says it has raised $70 million in new funding. The funding will allow the company to invest in development of its products, which include an artificial intelligence (AI)-powered voice assistant used by clinicians, the company announced in a news release Thursday (Oct. 10). “The healthcare...
Dynasty Financial Partners has closed a minority capital raise, saying it will use the proceeds from this investment round to enhance its technology-enabled wealth management solutions and business services. The round was supported by new investors BlackRock and J.P. Morgan Asset Management, existing investor The...
Zepz has raised $267 million in a Series F funding round to continue growing its global cross-border remittance solutions, WorldRemit and Sendwave. “The Series F investment will continue to drive our accelerated growth, driven by our mission to serve the financial needs of migrants around...
TrueLayer has raised $50 million in an extension of its $130 million Series E funding round to continue growing its pay-by-bank network. The company currently processes over $50 billion in total payments volume annually, 150 million transactions annually, and 1 million variable recurring payment transactions...
Fidelity raised $250 million for its first fund devoted to venture capital. The Boston-based asset manager’s latest push into the private asset space — Fidelity Venture Capital Fund I — closed with support from investment advisers, family offices and high-net-worth investors, according to a Wednesday...
FIS unveiled its Digital Trading Storefront, a differentiated cross-asset trading experience. The storefront enables banks, broker-dealers and wealth managers to move their cross-asset trading platforms into a digital plane, according to a Wednesday (Oct. 2) news release. The new storefront “enhances the existing FIS Cross-Asset...
