Fintech

OpenAI reportedly planning to build its first AI chip in 2026 – Fintech News Europe

OpenAI Partners with TSMC and Broadcom for In-House AI Chip Design, Begins Using AMD Chips for Model Training In a strategic move to advance its artificial intelligence capabilities, OpenAI has partnered with Taiwan Semiconductor Manufacturing Company (TSMC) and Broadcom to develop an in-house AI chip, according to sources reported by Reuters. While initially considering the establishment of dedicated chip manufacturing facilities, OpenAI […]

Payments

Dutch Paytech OPP Secures UK EMI License to Expand Cross-Border Payment Solutions

London, United Kingdom, October 29, 2024 – Online Payment Platform (OPP), a Netherlands-based paytech specializing in payment services for marketplaces and platforms across Europe, has secured an Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA). This significant milestone allows OPP to further enhance its cross-border payment solutions and expand its product […]

Startup Funding

Unitplus Secures €4.7 Million in Seed Financing to Launch AI-Powered Investment Product

Berlin, Germany – In a significant milestone, Berlin-based fintech startup Unitplus has raised €4.7 million in seed funding, led by UK venture capital firm Pact. This latest round also saw participation from Seed X, a specialist fund focused on financial startups, alongside prominent business angels, including Alexandros Bottenbruch from PayPal Ventures. Unitplus, known for its […]

Investing

Resurge Growth Partners Launches €120 Million Venture Equity Vehicle to Support European and Israeli Scaleups

London, UK – October 28, 2024 – Resurge Growth Partners, a London-based venture equity firm, today announced the launch of a €120 million investment vehicle to provide capital and operational support to high-potential scaleups in Europe and Israel. The fund will target companies that are caught between venture capital (VC) and private equity (PE) financing, […]

Startup Funding

Finix Secures $75M Series C to Revolutionize Payment Processing

Finix, a cloud-native payment processor, has closed a $75 million Series C funding round, led by Acrew Capital, with participation from Lightspeed Venture Partners and Leap Global. Over the past several years, Finix has been quietly reimagining the payments landscape, positioning itself as a full-stack acquirer processor with direct connections to all major card networks. […]

Startup Funding

Moneybox Secures £550M Valuation Following Landmark Move to Profitability

London, 26th October 2024 – Moneybox, a leading UK-based savings and investment platform, has achieved a new valuation of £550 million, following its transition into profitability. The valuation marks an 84% surge from its March 2022 Series D round and comes in the wake of a £70 million secondary share sale agreed with new investors […]

Startup Funding

Valon Secures $100 Million in Series C Funding to Revolutionize Mortgage Servicing

Leading U.S. subservicer Valon, backed by WestCap, accelerates innovation and growth Valon, a rapidly growing innovator in mortgage servicing, today announced it has secured $100 million in a Series C funding round led by WestCap, with participation from both new and returning investors. This fresh injection of capital marks a pivotal moment for the company, […]

Startup Funding

YouLend Boosts $1bn US SMB Funding Potential with Castlelake Facility – Fintech News Europe

USD Financing to Power Expansion Plans, Potentially Extending $1 Billion in Capital to Small Businesses Over the Next Three Years ATLANTA, Oct. 21, 2024 – YouLend, a global leader in embedded financing, has announced the securing of a new three-year financing facility with funds managed by Castlelake, a global alternative investment firm specializing in asset-based […]

Startup Funding

Reality Defender Secures $33 Million in Series A Funding to Tackle AI-Generated Deepfakes in Financial Services

Reality Defender, a leading innovator in detecting AI-generated deepfake content, has successfully raised $33 million in its Series A funding round. This investment marks a significant milestone for the company as it intensifies efforts to combat the rising threat of synthetic media, especially within the financial services sector. The funding round saw participation from a […]

Startup Funding

Even Healthcare, Co-Founded by Italian Entrepreneur, Raises $30 Million Series A to Revolutionize Healthcare with AI and New Hospitals

Even Healthcare Raises $30 Million Series A to Revolutionize India’s Healthcare System with AI and New Hospitals in Bengaluru Bengaluru, India – October 2024 – Even Healthcare, a rapidly growing Indian healthcare startup, has secured $30 million in a Series A funding round led by Khosla Ventures, with participation from Founders Fund, 8VC, Lachy Groom, […]

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