Stablecoin payments and treasury platform Velocity has raised $10 million in new funding. The financing will support Velocity’s work to provide stablecoin infrastructure to issuers, acquirers, payment providers, financial institutions and merchants, the company said in a news release Tuesday (Sept. 15). The extension of the company’s Series A...
Legal industry-focused artificial intelligence startup Harvey is valued at $15.5 billion after raising $550 million, according to a Wednesday (Sept. 9) press release. The new funding will boost Harvey’s work in helping law firms, professional services companies and in-house legal teams build their own intelligence,...
Kapital, a financial institution providing access to business capital across Mexico, Colombia, Spain and the United States, secured $125 million in new financing, the company said in a Wednesday (Sept. 9) press release. Kapital will use the financing to accelerate product innovation around its proprietary...
Payments tech company Zeal, based in the United Kingdom, raised $10 million to expand its merchant loyalty product, according to a Wednesday (Sept. 9) press release. The funding will help support the rollout of Zeal’s technology to over 4 million card machines over the next...
PayPal has paused its planned sale of its venture capital portfolio after offers came in at no higher than 60 cents on the dollar, Seeking Alpha reported Friday (Sept. 4), citing a paywalled article by Axios that was based on unnamed sources. The investments in PayPal’s portfolio include shopping...
Diameter Pay has reportedly raised $10 million in a Series A funding round as the stablecoin payments infrastructure provider looks to expand its banking, payments and digital asset capabilities. The round was co-led by CMT Digital and Lightspeed Faction, according to a Thursday (Sept. 3)...
Artificial intelligence (AI) security startup AIR publicly debuted Tuesday (Sept. 1) with $50 million in seed financing to help businesses monitor and secure the software supply chain developing around autonomous AI agents, according to a report by TechCrunch. The company was founded by CEO Yair...
FinTech buyers looking for growth in a tough funding and software market are finding something valuable inside real estate closings, municipal bills, healthcare practices and commercial banking. The payment is already attached to the work. A series of summer transactions is putting money behind that...
Miami-based money transfer startup Felix Pago is reportedly looking to enter the financial services space. This move comes after the company raised $200 million in new funding, Bloomberg News reported Tuesday (Sep. 1). In addition to offering services such as lending and savings to Latin American immigrants in the...