Author: nripn

Prosperr.io Secures $4 Million in Seed Funding to Transform Tax Management with AI Prosperr.io, an innovative startup leveraging artificial intelligence for tax management, has successfully closed a $4 million seed funding round. This effort was led by Jungle Businesses, with additional contributions from Yatra Angel Network, Sadev Ventures, and several prominent angel investors. This latest funding boosts Prosperr.io’s total investment to $5.55 million since its founding in 2022. Earlier, the company secured $1.55 million in a pre-seed round headed by Gokul Rajaram, a distinguished board member of both Pinterest and Coinbase. Revolutionizing Tax Compliance with AI Technology Founded by Manas…

The Rise of Smart Banking: How AI is Transforming the Financial Landscape AI is revolutionizing banking on multiple fronts, enhancing operational efficiency, delivering personalized experiences, and building customer trust. The Era of Intelligent Banking Artificial intelligence has evolved from a nascent technology into a pivotal force reshaping the global banking industry. Financial institutions that embrace AI, such as those recognized in Global Finance’s AI in Finance Awards 2026, have integrated this technology into the core of their operations, enhancing everything from customer service to risk management. Quantifying the Impact of AI in Banking Leading banks worldwide are reporting the financial…

Kayko Secures $1.2 Million Seed Funding to Transform SME Financing in Rwanda Rwandan fintech startup Kayko has successfully raised $1.2 million in seed funding. This investment will help the company in its mission to utilize data to improve access to financing for small and medium-sized enterprises (SMEs) across Rwanda. About Kayko Founded in 2021 by the Crépin brothers and Kevin Kayisire, Kayko offers a versatile platform that enables users to process sales through a Point of Sale (PoS) system, monitor inventory, manage expenses, and facilitate payments seamlessly. Addressing a Critical Need “We created Kayko to tackle a pressing challenge,” the…

Transforming Financing and Investment Banking with AI Innovations Smarter, faster, and more efficient, artificial intelligence is driving significant innovation and precision in financing and investment banking services. Revolutionizing Corporate Banking Artificial intelligence, generative AI, and large language models are fundamentally changing how corporate and investment banks operate, promoting innovation and delivering significant benefits. In corporate banking, these technologies enhance operational efficiency through automated lead generation and bolster risk management with advanced creditworthiness and market risk analysis. They also improve compliance efforts through AI-driven fraud detection and anti-money laundering solutions. Key Innovations in Financial Technology Investment banks are increasingly leveraging AI…

Kayko Secures $1.2 Million in Seed Funding to Revolutionize Fintech in Rwanda In a significant leap for the Rwandan fintech landscape, startup Kayko has successfully raised $1.2 million in seed funding. Founded in 2021 by visionary brothers, Crépin and Kevin Kayisire, Kayko is set to transform the way businesses manage transactions through its innovative Point-of-Sale (PoS) system. Introducing Kayko: A Game Changer in Payment Solutions Kayko’s platform offers a comprehensive PoS system that enables businesses to seamlessly process sales while improving operational efficiency. The user-friendly interface and robust technology cater to a range of sectors, making it accessible for both…

Prosperr.io Secures $4 Million in Seed Funding Prosperr.io, a financial technology SaaS company based in Bengaluru, has successfully raised $4 million in seed funding aimed at developing its AI-driven tax management platform. The funding round was predominantly led by Jungle Ventures, supported by Yatra Angel Network, Sadev Ventures, and various other strategic investors. With this fresh influx of capital, Prosperr.io’s total funding has reached $5.55 million, enabling the company to further expand its capabilities and product offerings. Focus on Product Development and Market Expansion Founded in 2022, Prosperr.io plans to utilize the new funding to expedite product development and refine…

New Insights into Financial Services and FinTech M&A Trends in 2025 Recent research dives deep into transaction activities, valuations, and strategic transformations within banking, payments, wealth technology, and financial infrastructure. Seattle-Tacoma, WA, Washington, USA, December 22, 2025 — Mergers and Acquisitions, a recognized leader in mid-market M&A research and advisory, has unveiled its latest market research: The Financial Services and FinTech M&A Trends and Analysis Report. This detailed report critically examines the merger and acquisition dynamics influencing the global financial services and fintech landscapes. Importance of Mergers and Acquisitions in Rapidly Evolving Markets As financial institutions and FinTech enterprises navigate…

From Exploration to Scale: The AI Adoption Pathway in Finance As finance teams globally embark on their journey toward AI integration, it’s clear that the pace of adoption varies significantly by region. While many organizations in North America and Japan are primarily in exploratory or testing phases, France has emerged as a leader in implementing AI solutions across various finance functions with notable speed and confidence. AI Adoption Stages by Region Most finance teams remain at the beginning stages of AI adaptation, but the approaches differ markedly: In North America, 86% of finance professionals report they are either exploring use…

ING defends digital education, AI and finance. Source: Shutterstock Raymond Vermolen, ING’s Global Head of Media Relations, opened the event by outlining an agenda filled with presentations, Q&A sessions, and interviews featuring senior management. A Legacy of Innovation in Banking ING’s event underscored its commitment to redefining banking conventions. A nostalgic video from the late 1990s highlighted the introduction of ING Direct, a branchless banking model that slashed costs and provided customers with better savings rates. Over the ensuing years, ING successfully propagated this low-cost, predominantly digital model across Spain, Australia, France, the United States, and the United Kingdom, well…

Home Money Recent Fintech Software Outages Create Industry-Wide Debate About System Resilience Outages in 2025 at Venmo, AWS, and Cloudflare Have Sparked a Debate About Resilience, Forcing Fintechs to Prioritize Disciplined Engineering Over Rapid Growth Published: December 22, 2025 at 4:21 PM IST This year, a popular digital banking platform experienced a significant software outage, preventing customers from completing transactions for several hours. After attributing the disruption to backend technical issues and resuming services, the incident reignited discussions on persistent flaws within the fintech ecosystem. As digital financial systems become integral to everyday life, a crucial question emerges: Are these…