Payments
FinTech
DeFi Platform Drift Suspends Withdrawals After Crypto Hack
Drift takes precautionary measures following security breach affecting user funds.Highlights: Drift has suspended all deposits and withdrawals after a hack.The platform is working with security experts to assess the...
FinTech
Cross River Bank Raises $50 Million to Accelerate Growth
The funding will enhance Cross River Bank's financial technology services.Highlights: Cross River Bank has raised $50 million in...
FinTech
Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure
Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...
FinTech
Visa Launches AI-Powered Dispute Resolution Tools
New tools aim to streamline resolution of payment disputes.Highlights: Visa introduces AI tools for payment dispute resolution.The new...
FinTech
UK Fintechs Vibepay and SmartLayer Shut Down
Both companies cease operations amidst challenging market conditions.Highlights: Vibepay and SmartLayer have officially ceased operations.The closures are attributed...
Brikl: Raises $2.4M in Funding
Brikl, a Leuven, Belgium-based end-to-end 3D design and eCommerce software platform, secured $2.4m in growth funding
Saffelberg Investments provided the funding
The company...
ultimate.ai: Raises $20M in Series A Funding
ultimate.ai, a Helsinki, Finland- and Berlin, Germany-based company building a virtual customer service agent, raised $20M in Series A funding
The round was...
ASC X9: Forms real-time payments study group
ASC X9 a non-profit organization accredited by the ANSI to develop and maintain national and through ISO international standards for the financial services...
Sourcegraph: Raises $50M in Series C Funding
Sourcegraph, a San Francisco, CA-based Universal Code Search company, secured $50m in Series C funding
The round was led by Sequoia Capital. In...
Qred: Receives license to provide payment services
Qred helps small companies grow by providing fair and accessible financing
Another step in the company's long-term expansion plan now complete with the...
Identitii: Raises $4M to speed-up sales
Fintech company Identitii (ID8) has received binding commitments to raise $4 million via an oversubscribed placement
Roughly 27.5 million shares will now be...
Galaxy Resources: Raises $161M for lithium projects
Lithium miners Galaxy Resources (GXY) is looking to raise $161 million to fund lithium projects in Argentina and Canada
The company is allowing...
Kredivo: Secures $100M Debt Facility from Victory Park Capital
Kredivo, a digital credit platform for retail borrowers across Indonesia, secured a debt facility of up to $100m from Victory Park Capital
The...
Contour Venture Partners: Closes Fourth Seed Fund, at $82M
Contour Venture Partners, a New York City-based seed-stage venture capital firm, closed Contour Venture Partners IV, at $82m
Additionally, the firm closed its...

