July 06, 2023
Venture Spending Drops by Almost Half in US
Times are tough for early-stage startups, suffering a drastic drop in venture capital spending. American investors backed 3,011 startup deals in the second quarter of 2023, a third fewer from...
July 06, 2023
Only 17% of Small Firms Are Reaping Benefits of Automating...
Accounts receivable (AR) automation is transforming corporate finance operations by providing enhanced efficiency, speed and accuracy in payments handling. However, the adoption of AR automation is still in its infancy...
July 05, 2023
Bankruptcy Judge Reportedly Approves Sale of SVB Financial Group’s Investment...
A bankruptcy judge has reportedly approved the sale of SVB Financial Group’s investment bank to its managers. SVB Financial Group, the bankrupt former owner of Silicon Valley Bank, bought Leerink Financial Partners in...
July 05, 2023
ChatGPT’s Success Hits a Speed Bump With Decreasing Traffic
It was only a few months ago in November that OpenAI released their ground-breaking ChatGPT chatbot, and since then the chatbot has enjoyed unprecedented success with more than 100 million...
July 05, 2023
CADDi Raises $89 Million to Expand Procurement Platform and Cloud...
CADDi has raised $89 million in Series C funding for its solutions for the manufacturing sector. The company will use the new funding to enhance the capabilities of both its parts-procurement...
July 05, 2023
Accounting Platform Dougs Raises $27 Million After Self-Funding for 8...
After eight years of self-funding, French accounting startup Dougs has raised its first outside financing. The company took in $27 million in its first funding round, TechCrunch reported Wednesday (July 5), and plans...
July 05, 2023
HealthTech Firm Neko, Co-Founded by Spotify CEO, Raises $65 Million
Swedish medical diagnostics company Neko Health has raised 60 million euros (about $65 million) to expand beyond its borders. The company, co-founded by Spotify CEO Daniel Ek, announced the Series A funding in a Wednesday (July 5)...
July 05, 2023
Biden Student Loan ‘On-Ramp’ Shields Borrowers Who Miss Student Loan...
The White House wants to offer debt relief to student loan borrowers as payments resume. According to an announcement last week by the U.S. Department of Education, the government will set up a...
July 05, 2023
Meta Platforms and nsKnox Partner on B2B Payment Security
Meta Platforms has selected nsKnox to ensure B2B payment security. nsKnox, a provider of global bank account validation and B2B payment security, and its PaymentKnox for Accounts Payable (AP) solution are set to validate...