Author: nripn

Digital payments company MobiKwik has reduced the size of its IPO to Rs 572 crore, marking its third revision. The IPO, scheduled to launch on December 11, will carry a price band of Rs 265 to 279 per share, with benchmark auctions beginning on December 10. Subscriptions will close on December 13 and the trading of shares is scheduled for December 13. 18. This comes after MobiKwik initially filed a request for Rs 1,900 crore. IPO in 2021, later revised to Rs 700 crore in January 2024. Market conditions and poor public market performance of peer startups led to these…

We’re just weeks away from a new year, and Silicon Valley’s obsession with artificial intelligence isn’t going anywhere. Yes, the biggest trend of 2024 will continue to dominate 2025. But new wrinkles will also appear over the next 12 months. Companies will begin releasing more powerful AI models, while AI agents will gain importance. The industry will also work to bring AI capabilities to more consumers and work to make AI data centers more energy efficient. According to Ashley Llorens, vice president and general manager of Microsoft (MSFT) Research, AI models will soon be able to handle much more complex…

by ReutersDecember 5, 2024December 5, 20240 Share0 FILE PHOTO: A Federal Deposit Insurance Corporation building is seen in Arlington, Virginia (Reuters) – The Federal Deposit Insurance Corporation has begun tracking more closely financial technology companies that partner with banks across the United States, Bloomberg News reported on Wednesday. An internal database will help FDIC examiners track third parties that work with banks and anticipate potential vulnerabilities before they become a problem, the report added, citing people familiar with the regulator’s oversight operations. . The FDIC does not directly regulate fintech companies. An FDIC spokesperson…

Analyst Worries About Upstart Stocks But Says SoFi Tech Could Become Fintech’s ‘American Express’ J.P. Morgan Analyst Reginald L. Smith noted that 2024 was a story of two halves for fintech stocks. After a late start to the year, the overall market capitalization of the analyst’s fintech coverage universe has increased by more than $65 billion since mid-September, fueled by pleasing third-quarter 2024 results and management comments, two rate cuts and the US presidential election. Election. In fiscal 2025, lower benchmark rates and an improving third-party financing environment are expected to lead to increased loan origination and healthier gain-on-sale (GOS)…

Lamudi’s network includes 500 real estate developers and 30,000 agents across Indonesia.Source link Disclaimer We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi We want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature have ties to other companies, including competitors or companies we write about. However, we would like to assure our readers that this will have no impact on the integrity or impartiality of our reporting. We are committed to providing accurate…

The artificial intelligence (AI) chip market has been dominated by Nvidiawhich explains why the semiconductor giant recently reported another set of stellar results for the third quarter of fiscal 2025 (which ended October 27). The chipmaker’s revenue soared 94% year over year to $35.1 billion, while its immense pricing power helped it more than double its adjusted profit to $0.81 per share . However, the market reaction to Nvidia’s stellar results has been lukewarm. In fact, the stock has lost momentum and is down since the publication of its last report. Missing the morning scoop? Wake up with Breakfast News…

Free newsletterReceive the latest Swiss Fintech news once a month in your inboxIn Europe, fintech has become a leading start-up sector, with some of the continent’s largest technology companies operating in the space.These success stories have not only spurred innovation, but also trained some of Europe’s most active angel investors, who now play a vital role in the growth of their local ecosystems, according to a new report from Atomico, an investment firm. London-based venture capitalist (VC).The 2024 edition of the State of European Tech report, released in November, looks back at the evolution of the European technological ecosystem, the…

By Gloria Methri Today Areeba Bharatpe BharatPe Shield FinTech continues to play a central role in transforming and reshaping the traditional contours of the financial sector. As technology becomes more intertwined with financial services, FinTech innovations are not just incremental but rather revolutionary, paving the way for improved efficiency, accessibility and innovative business models. This week’s FinTech Focus presents a selection of the most significant developments that highlight the dynamic nature of this sector. Let’s look up six announcements made by FinTech bigwigs this week: CBI partners with areeba to enhance FinTech payment solutions in the UAE. This collaboration highlights…

Implementation of Thumzup’s AI-powered innovation (Graphic: Business Wire) Hiring Tedras Global Solutions brings over 25 years of experience, having led projects for SpaceX, Oracle, Microsoft and IBM, to lead Thumzup’s AI integration. The implementation of cutting-edge AI technology aims to rapidly accelerate the growth and scale of Thumzup’s new disruptive ad technology platform. The collaboration reflects Thumzup’s mission to empower businesses and consumers with advanced social media advertising tools. LOS ANGELES, December 4, 2024–(BUSINESS FEED)–Company Thumzup Media (“Thumzup” or the “Company”) (Nasdaq: TZUP), an emerging leader in social media branding and marketing solutions, announces a strategic partnership with Tedras Global…

We recently compiled a list of Top 10 AI news this weekend. In this article, we’ll take a look at where Tesla, Inc. (NASDAQ: TSLA) stands in relation to other AI stocks. According to JP Morgan, the S&P will rocket to new highs in the new year, and artificial intelligence is one of the reasons. Besides AI, strategist Dubravko Lakos-Bujas pointed to the resilience of the economy and the possibility of looser industry regulation as reasons for the increase, setting 6,500 as a 2025 target for the overall index of the market. The United States will remain “the engine of…