Enterprise-focused blockchain data platform Allium has raised $40 million in new funding. The company announced its Series B round Tuesday (June 23), noting that it comes at a time when global finance is rapidly moving to blockchain rails, with $302 billion in stablecoins, $394 billion...
Revolut’s expansion plans now reportedly include South Africa as interest there in the FinTech grows. The British company plans to launch in Africa’s largest economy by 2028, an official told Bloomberg News in an interview published Monday (June 22). “We are already seeing exceptional demand...
Artificial intelligence networking infrastructure company Upscale AI has raised $190 million in new funding. The startup’s Series A-1 round, announced Monday (June 22), brings Upscale’s valuation to $2 billion and will help it accelerate delivery of its networking technology. In its announcement, the company said the funding round is...
Prosper AI raised $30 million in a Series A round led by Andreessen Horowitz to grow its healthcare AI platform, according to a Monday (June 22) press release. The New York-based company has built an AI platform that handles patient scheduling, insurance verification and billing...
Kalshi has about tripled its annualized revenue since November, bringing that figure to $2 billion, The Information reported Thursday (June 18), citing unnamed sources. The report attributed the prediction markets platform’s gains to trading around the NBA and World Cup games. This growth has led...
Baseten is finalizing a $1.5 billion fundraising round to support its inference software layer that enables customers to run, optimize and train open-source artificial intelligence models, the Wall Street Journal reported Thursday (June 18). The round will have a dual-tiered structure in which some participants...
PayPal is “exploring strategic options” for its venture capital arm, a company spokesperson told Fortune in a report posted Tuesday (June 16). “As part of our continued efforts to sharpen our focus, we are exploring strategic options for our corporate venture capital arm, PayPal Ventures,”...
Cross-border payments/stablecoin settlement infrastructure company Trace Finance has raised $32 million in new funding. The Series A financing, announced Wednesday (June 17), will help Trace deepen its product capabilities in areas like foreign exchange (FX), compliance and stablecoin settlements and expand within “priority jurisdictions” such...
Travel-focused credit card company Karta has raised $140 million in new funding. The new financing, announced Wednesday (June 17), came in the form of a $15 million Series A round led by Galaxy Ventures and a $125 million debt facility provided by CIM. According to a news release, the new capital will...