Citi says it is investing in Peruvian foreign exchange (FX) FinTech Rextie. “The investment makes Rextie Latin America’s first FX FinTech to receive an investment from one of the largest banks in the world,” Citi said in a news release Thursday (Aug. 24). In addition to the investment,...
Artificial intelligence (AI) startup Hugging Face has raised $235 million in a Series D funding round at a $4.5 billion valuation. The new investors that participated in the round include Salesforce Ventures, Google, Amazon, Nvidia, AMD, Intel, Qualcomm Ventures, IBM and Sound Ventures, Hugging Face Co-founder and CEO...
SpyCloud has secured $110 million in a growth round of funding to expand globally and enhance its authentication bypass prevention solutions, further fortifying digital identities against cyber threats. The funding round was led by Riverwood Capital. The identity analytics solution provider’s automated prevention tools fight back...
Corporate wellness platform Gympass has secured $85 million in Series F funding to accelerate its growth globally. The investment comes as the company increased its customer base in July by 80% to more than 15,000 corporate customers and surpassed 2 million employee subscribers across its network of more than...
FinTech company Ramp has secured $300 million in a Series D funding round, bringing its post-money valuation to $5.8 billion. The funding will allow Ramp to expand its business categories and deliver more value to its customers, the company said in a Tuesday (Aug. 22) press release. Commenting...
Ghost has raised $30 million to grow its members-only B2B marketplace that helps brands and retailers move surplus inventory. The firm will use the capital from this Series B funding round to add to its product, engineering and design team; further develop its platform; and expand into new...
European investment firm Round2 Capital has invested a seven-figure amount in Betterspace, a provider of hotel management platforms. This investment will allow Betterspace to scale its new solution, better.energy, and extend its reach into other industries, the companies said in a Tuesday (Aug. 15) press...
ClassWallet has raised $95 million to grow its digital wallet-based purchasing and reimbursement platform for public funds. The close of its first institutional growth capital funding round builds on ClassWallet’s growth and supports its efforts to help government agencies change how they do business, the...
South African telecom MTN now counts Mastercard among its investors. The company announced Monday (Aug. 14) that the payments giant had agreed to a minority investment in its FinTech group, valuing that side of the company’s business at $5.2 billion. At the same time, MTN made a commercial agreement with Mastercard...
