Investment management-focused AI startup Moment has raised $78 million in new funding. The company’s Series C round, announced Tuesday (May 19), comes as Moment works to advance adoption of its platform, which combines trading, portfolio management and compliance into one operating system. “Investment management is being rebuilt around AI,...
HSBC responded Friday (May 15) to a media report that it paused a $4 billion investment in its private credit funds, saying it remains committed to that business. “We are committed to our asset management’s offering in private credit funds,” the bank said, according to a Friday report by Reuters....
Cryptocurrency and prediction markets platform Gemini Space Station received a $100 million strategic investment from Winklevoss Capital Fund, which is owned by Gemini founders Tyler Winklevoss and Cameron Winklevoss. Gemini announced the investment in a Thursday (May 14) earnings release in which the company reported...
South Korean bank Hana Bank plans to buy a $672.5 million stake in Dunamu, the operator of the Upbit cryptocurrency exchange, The Wall Street Journal reported Thursday (May 14). The planned purchase will take place June 15 and will give the bank a 6.55% stake...
Walmart tapped the brakes on Flipkart’s long-anticipated public market debut. The U.S. retail giant is telling its Indian eCommerce subsidiary to reach profitability first, Moneycontrol reported Friday (May 15), making the decision one of the clearest signals yet that Walmart is tightening financial discipline across...
Saudi Arabia-based Stitch raised $25 million in a Series A funding round to grow its operating system for modern financial institutions. The company will use the new funding to accelerate product development, deepen its presence across the Gulf Cooperation Council (GCC) and broader Middle East...
FinTech equipifi secured $34 million in a Series B funding round to accelerate the adoption of buy now, pay later (BNPL) by financial institutions. The company will use the new funding to expand its reach to financial institution partners and to deepen the capabilities of...
Ledger, a French company that makes hardware designed to securely store cryptocurrency, has paused its plans for a U.S. initial public offering (IPO) due to an unfavorable market for crypto IPOs, CoinDesk reported Wednesday (May 13), citing unnamed sources. The company had considered a $4 billion U.S. listing and...
Blockchain analytics company Elliptic has raised $120 million in new funding. The company says its Series D round, announced Tuesday (May 12), values Elliptic at $670 million and will help it further its mission of providing analytics to big banks, FinTechs, government agencies and crypto and payment companies. The...