WorkFusion, a business process automation software developer, has raised $50 million in a new, strategic round of funding as it prepares to start adding new verticals to its product suite. The company’s new cash came from the large insurance company, Guardian; health care services provider New York-Presbyterian, and the commercial bank, PNC Bank. Venture investor […]
View More WorkFusion adds $50 million from strategic investors as it bulks up for acquisitionsCategory: financial services
Baidu spins out its global ad business to sharpen its focus on artificial intelligence
Baidu, the Chinese search giant, is spinning out its business unit responsible for utility apps and its mobile ad business to sharpen its focus on artificial intelligence. As part of the spin-out, Baidu is selling a large chunk of its equity in the ‘Global DU’ business to as-yet-undisclosed investors. The plan is to sell “a […]
View More Baidu spins out its global ad business to sharpen its focus on artificial intelligenceJirnexu pulls in $11M for its financial comparison service in Southeast Asia
It’s been a busy week for startup funding in Southeast Asia. Following big deals for Carro and Carousell, financial comparison startup Jirnexu is the latest to announce new capital after it closed an $11 million Series B round. The new investment comes courtesy of Japan’s SBI Group — a returning investor which led the round having co-led […]
View More Jirnexu pulls in $11M for its financial comparison service in Southeast AsiaBRD crowdraises $32 million to build financial services into a mobile crypto wallet
Crypto wallets can’t remain crypto wallets for long. There is so much competition and so many scammers that value-added features like financial services are de rigueur. BRD knows this quite well and is putting $32 million behind the platform to grow out the features and cryptocurrencies supported on their popular app. Founded by Aaron Voisine, […]
View More BRD crowdraises $32 million to build financial services into a mobile crypto walletRipple is going after startups to build an ecosystem around the XRP cryptocurrency
It’s finally happening. Ripple is making a push to expand the use of the XRP cryptocurrency it created into new verticals and segments beyond the payment and banking space where the company is focused. XRP is the world’s third-largest cryptocurrency behind only bitcoin, the original breakout artist, and Ethereum, the platform that most developers pomp for. XRP […]
View More Ripple is going after startups to build an ecosystem around the XRP cryptocurrencyMobile money-saving app Qapital raises $30 million to spend on growth
Qapital, one of a slew of mobile applications trying to make it easier for users to save money (and spend it more wisely), has raised $30 million in fresh financing as it expands beyond savings to offer investment advisory services. Since its launch in the U.S. in 2015, Qapital has amassed roughly 420,000 users that […]
View More Mobile money-saving app Qapital raises $30 million to spend on growthAfrican VC TLcom Capital invests $5M in Nigerian data analytics firm Terragon Group
Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Africa Roundup: Uber says it’s staying, Konga could be epic startup fail Harley Davidson’s EV debut could electrify the motorcycle industry The African venture firm TLcom Capital is betting […]
View More African VC TLcom Capital invests $5M in Nigerian data analytics firm Terragon GroupTwitter moves to ban crypto ads
Twitter is the latest social service to boot out cryptocurrency advertisers. The company told Reuters it will be launching a new policy this week to prohibit the advertising of token sales/initial coin offerings (ICOs), and crypto wallet services. Ads for cryptocurrency exchanges will also be banned — with some limited exceptions. Facebook announced a ban in January, while […]
View More Twitter moves to ban crypto adsRevolut adds direct debits in Europe
Fintech startup Revolut is slowly making traditional bank accounts irrelevant. The company is adding direct debits in EUR to make it easier to pay for utilities and subscription services. While Revolut is currently applying for a banking license, the company has already been adding everything you need to replace your bank account with a Revolut […]
View More Revolut adds direct debits in EuropeHashgraph wants to give you the benefits of blockchain without the limitations
The spotlight on the distributed ledger space to-date is primarily focused on blockchain . Yet, blockchains come with limitations by design. Consensus mechanisms using proof of work (POW) are by their nature slow, so the community can come to agreement and throw away the blocks they don’t agree on. This design also includes inherent inefficiencies […]
Hashgraph wants to give you the benefits of blockchain without the limitations
The spotlight on the distributed ledger space to-date is primarily focused on blockchain . Yet, blockchains come with limitations by design. Consensus mechanisms using proof of work (POW) are by their nature slow, so the community can come to agreement and throw away the blocks they don’t agree on. This design also includes inherent inefficiencies […]
Hashgraph wants to give you the benefits of blockchain without the limitations
The spotlight on the distributed ledger space to-date is primarily focused on blockchain . Yet, blockchains come with limitations by design. Consensus mechanisms using proof of work (POW) are by their nature slow, so the community can come to agreement and throw away the blocks they don’t agree on. This design also includes inherent inefficiencies […]