Digital banking group Tyme has raised $77.8 million in a pre-Series C capital raise. The Singapore-headquartered firm will use the new funding to continue growing its operations in South Africa and the Philippines, to expand in Southeast Asia in the future and to perform a partial buyback, according to...
Moonfire Ventures has raised $115 million for European early-stage startups and the artificial intelligence (AI) space. The new fund is the latest in a series of examples of venture capital (VC) interest in AI. “With this new fund, we’re also continuing our mission to integrate state-of-the-art technology across...
European FinTech Mollie has launched an in-person payments solution called Mollie Terminal. The introduction of Mollie Terminal is part of the company’s drive to enhance its in-person payments offering, including QR code-based in-person payments support and the upcoming launch of Tap to Pay for Android, the financial...
Elon Musk has restated his interest in competing with Microsoft and Google in the artificial intelligence (AI) space. The Twitter and Tesla CEO said the two tech giants need a competitor in the AI game and posited that his companies could play a role to challenge them, The Wall Street Journal (WSJ)...
Generative artificial intelligence (AI) is having its major go-to-market phase shift moment. The technology and its revolutionary capabilities have already spurred a profound change in how end-users access and activate information, as well as the way people more broadly use the internet and interact across...
Citigroup says it has decided to take its Mexican retail banking unit Banamex public. The lender announced Wednesday (May 24) it plans to pursue an initial public offering (IPO) for Banamex, after exiting the consumer banking market in Mexico last year. “After careful consideration, we...
LegalConnect has launched an integrated payment processing solution for litigation support services firms. The new LegalConnect Payments helps these firms consolidate and save money on payment processing fees, collect and process online customer payments, and receive next-day funding for better cash flow, the legal technology company said in...
With fast-casual chains’ stocks outperforming the restaurant industry, more brands, including Panera and Cava, are looking to capitalize on the industry’s recovery. Panera Brands, a group encompassing fast-casual bakery-café chain Panera Bread, Einstein Bros. Bagels and Caribou Coffee, announced significant moves Tuesday (May 23) on its path to going public via initial...
Artificial intelligence company Figure has raised $70 million toward its goal of commercialized, humanoid robots. The Series A round, announced Wednesday (May 24) is part of a wave of recent funding in the artificial intelligence (AI) space, and is designed to help the company build...
