OpenAI has reportedly become the world’s most valuable startup following a share sale. The artificial intelligence (AI) company allowed current and former employees to sell roughly $6.6 billion in shares, the Financial Times (FT) reported Tuesday (Oct. 2), citing a person close to the company. ...
Wealth management platform Wealthfront filed for a proposed initial public offering Monday (Sept. 29). The company filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to a proposed IPO and applied to list its common stock on the Nasdaq Global...
The fall season has begun with turbulence for publicly listed FinTechs. The FinTech IPO Index declined 3.5% this past week, erasing some of its recent gains. Circle Mulls Fraud Refunds PYMNTS reported that Circle is reportedly exploring ways to reverse transactions involving its stablecoins. In...
Cross-border payments company Ebury is reportedly considering launching its initial public offering (IPO) in London in the spring of 2026. The company’s board and bankers are discussing that as a potential launch date, Sky News reported Thursday (Sept. 25), citing unnamed sources. Ebury aims to...
Artificial intelligence company Distyl AI raised $175 million to continue to identify and support global enterprises that aim to become the “AI-native enterprises of the future.” The company works with Fortune 500 companies and provides its proprietary AI agent, Distillery, to help them use AI...
PhonePe, India’s largest digital payments company, is reportedly preparing to go public. The Walmart-backed company filed preliminary documents via the confidential route for an initial public offering (IPO), Bloomberg reported Wednesday (Sept. 24). The IPO could raise up to $1.5 billion and value the FinTech...
Artificial intelligence (AI) startup Cohere is now a $7 billion company. The firm announced Wednesday (Sept. 24) that it had achieved that valuation after raising $100 million in new funding. “We will use this funding to further accelerate the development and global adoption of our security-first enterprise AI technology...
Risk/reputation intelligence platform Signal AI is in expansion mode after raising $165 million. The new funding round, led by tech investor Battery Ventures and announced Wednesday (Sept. 23), will help U.K.-based Signal make acquisitions that help it deepen data collection, sector expertise and artificial intelligence research. In addition, the company...
PayPal is investing $100 million to support digital commerce in the Middle East and Africa. The investment is to be deployed via minority investments, acquisitions, PayPal Ventures funding and people/technology deployments. The goal is to help local businesses scale, open new opportunities for innovators, and “bring...