FinTech buyers looking for growth in a tough funding and software market are finding something valuable inside real estate closings, municipal bills, healthcare practices and commercial banking. The payment is already attached to the work. A series of summer transactions is putting money behind that...
Miami-based money transfer startup Felix Pago is reportedly looking to enter the financial services space. This move comes after the company raised $200 million in new funding, Bloomberg News reported Tuesday (Sep. 1). In addition to offering services such as lending and savings to Latin American immigrants in the...
Ryan Breslow is seeking up to $27 million in bridge financing for Bolt, the payments startup he co-founded, as he works to stabilize the company and position it for a larger funding round, according to TechCrunch. The financing is being raised from Bolt’s existing investors...
USD.AI has secured a $100 million stablecoin-based debt facility from digital asset platform Bullish to power its GPU financing ecosystem, USD.AI said in a Friday (Aug. 28) press release. Together with the debt facility, Bullish and USD.AI are expanding their joint research initiative to optimize capital formation models for the artificial intelligence capital expenditure sector,...
Identity and risk intelligence infrastructure provider Socure is now a $5.2 billion company. The firm reached that valuation Thursday (Aug. 27) following a new $156 million round of funding led by Summit Partners, which allowed Socure to acquire Fravity, an agentic platform aimed at automating...
Autonomous trucking company Gatik has raised $200 million in new funding. The new financing, announced in a news release Tuesday (Aug. 25), will help Gatik expand its model, designed to transport goods along what it calls the “high-frequency regional routes” linking distribution centers and stores. “These routes are time-sensitive,...
Venture capital firm Fiat Ventures is rebranding after closing its oversubscribed $35 million fund. The fund invests in early-state startups at the intersections of FinTech, financial access and artificial intelligence (AI), the company—now known as FGV Capital—said in a Tuesday (Aug. 25) news release. Led...
Hawaii-based community bank American Savings Bank has filed for a proposed initial public offering, the bank said in a Monday (Aug. 24) press release. American Savings Bank publicly filed a registration statement on Form S-1 with the Office of the Comptroller of the Currency (OCC), according to the release. The number of...
General Intuition, which is developing a foundation artificial intelligence model with potential applications in robotics, is finalizing a funding round that would value the company at $6 billion, TechCrunch reported Monday (Aug. 24), citing unnamed sources. The company’s AI model was developed using hundreds of...