Author: nripn

In this episode of the Connecting Africa podcast, we speak with Andy Jury, Group CEO of the financial services platform. Mukuruon the fintech landscape in Africa, how Mukuru has followed its strategy of evolution and expansion over the past 20 years, and the opportunities that remain to bring true digital and financial inclusion to Africa.Founded in 2004, Mukuru’s platform sits at the intersection of formal and informal financial services ecosystems and delivers financial inclusion to more than 16 million people across Africa, Asia and Europe. It has grown and now operates in over 60 countries and over 500 remittance corridors.“The…

Cardo AI, an asset-based financing and private credit technology platform, has reached a major milestone with its $15 million Series A funding round. The round was co-led by Blackstone Innovations Investments, Blackstone’s strategic early-stage investment arm, alongside FINTOP Capital and JAM FINTOP. Additionally, Andy Horwitz and Kevin MacDonald, co-founders of Black Mountain Systems, contributed funding.The company operates in a $40 trillion asset-based financing and private credit market, which has traditionally relied on outdated systems, manual procedures and scattered data. As the industry evolves with increasingly sophisticated investment strategies, Cardo AI is at the forefront of modernizing these operations.The platform offers…

CHICAGO (AP) — Microsoft CEO Satya Nadella told customers at a conference in Chicago on Tuesday that the company is teaching a new set of artificial intelligence tools how to “act on our behalf in our work and our life. AI developers are increasingly pitching the next wave of generative AI chatbots as AI “agents” that can do more useful things on behalf of people. But the cost of creating and operating AI tools is so high that more and more investors are wondering whether the technology’s promises are overblown. Microsoft said last month that it was preparing for a…

Financial technology regulation in China is best understood from trends in the regulation of its financial institutions, where two questions arise: Who should the technology serve? and how can it achieve this goal? The integration of technology and finance in China, as well as the transformative power of technology in finance, cannot be discussed without mentioning Ant Financial, a spinoff of Alipay. Ant Financial’s first funding round took place in 2014. This was at a time when global investor interest in fintech was booming, and LendingClub’s IPO in December 2014 marked a summit. There has been significant private equity investment…

Before that, the company raised $9.2 million in two rounds from major venture capital funds. Delhi-based fintech startup CredFlow raises a pre-Series B funding round of $3.7 million (over Rs 31.2 crore). The round was led by two of CredFlow’s existing investors: Inflexor Ventures and a prominent Singapore-based family office. The amount raised in this round will be primarily aimed at optimizing and expanding the startup’s financial services and lending verticals, as well as enhancing its technology and innovation capabilities. Prior to this, CredFlow raised $9.2 million in two rounds from major venture capital funds.CredFlow’s technology platform offers a range…

By Anna Tong (Reuters) – OpenAI and its nonprofit partner Common Sense Media have launched a free training course for educators aimed at demystifying artificial intelligence and rapid engineering, the organizations said on Wednesday. The move comes as OpenAI steps up efforts to highlight the positive role in education of its chatbot ChatGPT, whose November 2022 launch sparked a craze for generative AI and made it one of the applications the fastest growing in the world. Trained on reams of data, generative AI can create entirely new content just like a human does, helping users write essays, complete science homework,…

We recently compiled a list of 10 Best Fintech Stocks to Buy in 2024. In this article, we’ll take a look at where MercadoLibre, Inc. (NASDAQ: MELI) stacks up to other fintech stocks. Based on a collaboration between the World Economic Forum and the Cambridge Center for Alternative Finance, a report found that the global fintech sector has been strong post-pandemic, with average global customer growth rates above 50% between 2021 and 2022. In this growing market, fintechs offer tailor-made financial services and products to underserved segments of the population. These segments represent a significant portion of the consumer base…

We recently published a list of Jim Cramer’s Mad Money Latest: Top 10 Stocks to Watch. In this article, we’ll take a look at where SoundHoud AI Inc (NASDAQ:SOUN) stacks up to the other stocks on Jim Cramer’s list of top stocks to watch. Jim Cramer, in a recent show on CNBC, made the case for investing in individual stocks to benefit from larger gains than investing only in broader market index funds. Cramer said that while it’s “easy” to just put your money in index funds and let the market do the work, investing in individual stocks can net…

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 and unbiased news and information to our audiences, and we will continue to…

The gold trading community witnessed a significant development this week as Dubai-based Avenix Fzco unveiled ForexVIM, its innovative Expert Advisor (EA) for MetaTrader 4. This innovative system exchange robot combines artificial intelligence with specialized gold trading strategies, offering a new approach to automated XAUUSD trading. Transforming the trader experience ForexVIM represents a significant advancement in automated gold trading technology. The system processes market data across multiple analytical layers, providing traders with institutional-grade trading capabilities while maintaining an accessible user interface. Real-time market analysis, pattern recognition and automated EA execution work seamlessly, while built-in safeguards ensure strict risk management protocols. This…