Model ML has raised $75 million for its financial-services-focused artificial intelligence (AI) workflow automation platform. The company says this new funding, announced in a Monday (Nov. 24) news release, is among the largest FinTech Series A rounds on record. “Model ML is setting a new standard for how...
Stuut Technologies raised $29.5 million in a Series A funding round to accelerate the product development of its artificial intelligence platform that automates accounts receivable (AR) work. The company will use the new funding to expand its autonomous AR capabilities for mid-market and enterprise companies...
FinTech Made Card announced a new Visa card along with $8 million in seed funding. With the announcement comes a national distribution partnership with Fairway Home Mortgage, one of the largest retail mortgage originators in the country, Made Card said in a Thursday (Nov. 20)...
The Securities and Exchange Commission (SEC) is reportedly prioritizing companies’ registration statements for initial public offerings and other ways to raise money as it tries to catch up on the work that was left undone during the government shutdown. The regulator has put routine reviews...
Chargeflow raised $35 million in a Series A funding round to fuel its global expansion and the launch of additional products related to its artificial intelligence-powered chargeback automation platform. The company’s platform is designed to prevent and combat illegitimate chargebacks, according to a Tuesday (Nov....
Accounting automation platform Maxima raised $41 million in seed and Series A funding. The capital will help the company bolster its offering, which uses artificial intelligence agents to help accounting teams, according to a Tuesday (Nov. 18) press release. “Despite decades of software innovation, accounting...
For the FinTech IPO Index, it was all earnings, all the time. Even strong growth in lending and card issuance, all mainstays of digital upstarts, was not enough to buoy the group. Double-digit declines were a hallmark of performance, but there were some gains too,...
Fast delivery startup Gopuff is reportedly raising $250 million in new funding. The round will value Gopuff at $8.5 billion, the Financial Times reported Thursday (Nov. 13), citing unnamed sources. That’s a decline from Gopuff’s COVID-era peak of $15 billion. Top competitors to Philadelphia-based Gopuff,...
Hong Kong-based travel platform Klook is preparing to go public in the U.S. The company submitted a filing for its initial public offering (IPO) with the Securities and Exchange Commission (SEC) Monday (Nov. 10), noting a 24.4% increase in revenue last year. The filing was...