Middle-market business-focused finance platform Flex raised $60 million in Series B funding. Flex’s annualized total payments volume has grown from $1 billion to $3 billion this year, according to a Thursday (Dec. 4) press release. “Traditional FinTech platforms have focused either on micro-businesses or sophisticated...
Anthropic is taking early-but-consequential steps toward a potential IPO that could arrive as soon as 2026. It’s a timeline that, if it holds, would put one of the most important generative AI vendors used across financial services onto public-market footing ahead of rival OpenAI. For...
Tutor Intelligence, which makes AI-powered robots for warehouse work, has raised $34 million in new funding. The company will use the new capital to speed commercialization of its robots, scale its consumer packaged goods (CPG) fleet and advance its central robot intelligence platform and research...
Business payments company Sokin has raised $50 million in a new funding round. The Series B round brings Sokin’s valuation to $300 million, and will help accelerate the company’s expansion, bolster its financial infrastructure and enhance its product capability, according to a Monday (Dec. 1) news release....
Tech investor Carles Reina has launched a fund focusing on artificial intelligence, robotics and defense. The $15 million Baobab Ventures fund will focus on pre-seed and seed technical teams and has already closed seven deals, Reina wrote in a LinkedIn post Wednesday (Nov. 26). “The thesis for Baobab is simple: Building...
South Korean cryptocurrency exchange Upbit is reportedly considering launching an initial public offering on Nasdaq once it completes a merger with South Korean internet firm Naver. CoinDesk reported these plans Monday (Nov. 24), citing multiple media reports. Upbit did not immediately reply to PYMNTS’ request...
Model ML has raised $75 million for its financial-services-focused artificial intelligence (AI) workflow automation platform. The company says this new funding, announced in a Monday (Nov. 24) news release, is among the largest FinTech Series A rounds on record. “Model ML is setting a new standard for how...
Stuut Technologies raised $29.5 million in a Series A funding round to accelerate the product development of its artificial intelligence platform that automates accounts receivable (AR) work. The company will use the new funding to expand its autonomous AR capabilities for mid-market and enterprise companies...
FinTech Made Card announced a new Visa card along with $8 million in seed funding. With the announcement comes a national distribution partnership with Fairway Home Mortgage, one of the largest retail mortgage originators in the country, Made Card said in a Thursday (Nov. 20)...