The history of artificial intelligence (AI) is a largely digital one. Even the generative and agentic AI boom has remained, for the most part, confined to text, code and media content. But Amazon Founder Jeff Bezos is betting he can bring AI to life in...
Obin AI has raised $7 million to develop agentic AI tools for financial institutions. “Founded by AI pioneers with deep roots in both Silicon Valley and global finance, Obin AI emerges from stealth with a clear objective to make AI trustworthy at the highest levels of...
Stone Ridge Asset Management told clients in one of its funds last week that it would pay investors only 11% of the amount they requested to cash out because recent redemption requests were so high, the Wall Street Journal reported Wednesday (March 18), citing an investor update. The...
Indian digital payments provider PhonePe has paused its plans to go public. The Walmart-backed company cited geopolitical conflicts and market upheaval as reasons for delaying its initial public offering (IPO), according to a statement from the FinTech provided to PYMNTS Monday (March 16). “We sincerely...
Rox, a startup developing artificial intelligence (AI) agents for sales functions, closed a funding round late last year that valued it at $1.2 billion, TechCrunch reported Thursday (March 12), citing unnamed sources. At the time of the fundraise, Rox was expected to have annual recurring...
Global payments and financial platform Airwallex is investing $1.135 billion to fuel its expansion in the United Kingdom and the Europe, Middle East and Africa (EMEA) region over the next five years. The company will use the new investment to open in new markets, launch...
Cryptio raised $45 million in a Series B funding round to continue growing its financial data transformation and enterprise resource planning (ERP) applications for regulated digital assets. The company’s data platform standardizes and reconciles on-chain and off-chain data from sources such as blockchains, exchanges, custodians...
Flipkart, one of India’s biggest eCommerce platforms, is preparing for a potential initial public offering (IPO) in Mumbai that could take place this year or early next year, Bloomberg reported Wednesday (March 11), citing unnamed sources. The Walmart-backed firm could start the formal process of...
Japanese digital wallet provider PayPay announced late Wednesday (March 11) that it is pricing its U.S. initial public offering at $16 per share. The shares are expected to begin trading on Nasdaq on Thursday (March 12), under the symbol “PAYP,” the company said in a press...