Author: nripn

PastPay, a Budapest-based B2B payment solutions provider, announced on Tuesday that it has secured €12 million in a Series A funding round led by Platina Capital, making it the largest B2B payment solutions provider in the world. BNPL increase throughout the EEC. Platina Capital is a global private equity and venture capital firm. The VC company’s mission is to provide the most promising companies with international and national growth potential, thereby improving their global competitiveness. Other investors including MBH Bank, Advance Global Capital, Quantic Financial Solutions, STRT and BNL Start Partners, as well as several leading private investors, such as…

Stay informed with free updatesSimply sign up for the Technology sector myFT Digest – delivered straight to your inbox.The enthusiasm for artificial intelligence masks weakness across much of the tech sector, with many companies “still in recession” after a slowdown that began in 2022, according to investors and analysis of recent financial reports.Massive gains in the share prices of major companies that were supposed to be the primary beneficiaries of AIStocks like Nvidia and Microsoft have helped erase memories of a terrible 2022, when the tech-dominated Nasdaq Composite fell by nearly a third. However, beneath the surface, many tech companies…

Dublin, February 08, 2024 (GLOBE NEWSWIRE) — The “AI in Fintech Market Size and Share Analysis – Growth Trends and Forecast (2023-2028)” the report has been added to ResearchAndMarkets.com’s offer. The dynamic landscape of the financial sector continues to undergo significant transformations, driven by the integration of artificial intelligence (AI). This report highlights the rise of AI in the fintech market, ushering in a new era of finance and technology. By 2023, the market value is estimated at USD 42.83 billion and is projected to grow impressively to reach USD 49.43 billion by 2028, driven by a steady CAGR of…

FlapKapAbu Dhabi-based FinTech leader, today announced that it has raised $34 million in combined debt and equity in its latest pre-Series A funding round.The significant financial boost was led by BECO Capital and included substantial contributions from new investor Pact VC, according to a report by FinTech Financial News.Additional support also came from existing backers such as A15, Nclude and QED Investors. The round was also bolstered by debt financing from Channel Capital, bringing FlapKap’s total funding to $37.6 million.The company is renowned for offering innovative, revenue-based and integrated financing solutions tailored to the unique demands of the MENA market.This…

THE Cardan The community is abuzz as founder Charles Hoskinson hints at a possible collaboration with renowned businessman and Tesla CEO Elon Musk. The revelation comes after a user on social media platform X asked if Hoskinson had ever interacted with Musk.Here is the full download.Hoskinson’s Strategic ApproachRecently, a cryptocurrency enthusiast on X asked Charles Hoskinson if he had ever contacted Musk.You can only draw this card once. I’m saving it for something big.— Charles Hoskinson (@IOHK_Charles) June 1, 2024 Hoskinson’s response reveals his cautious strategy for approaching high-profile figures like Elon Musk. He replied, “You can only use that…

insight softwareIn a fragmented software landscape, rapid technological advances, artificial intelligence, machine learning and cloud computing have exacerbated a growing skills shortageRALEIGH, N.C., Sept. 10, 2024 (GLOBE NEWSWIRE) — insight softwarethe most comprehensive provider of solutions for the CFO office, has released its 2024 Finance Team Trends ReportThe report analyzes the challenges of data integration, the rise of artificial intelligence (AI), critical changes in cloud computing, and the continued impact of workforce and skills challenges in the finance and accounting sectors.The study is based on responses to a survey of more than 500 finance professionals in Europe and North America.…

Bitcoin.com NewsEgyptian Fintech Startup Raises $3.5 Million in Seed Funding RoundEgyptian fintech startup Mnzl recently raised $3.5 million in a seed funding round led by P1 Ventures, Localglobe, and Ingressive Capital.May 16, 2024

Generative AI is becoming a major issue, with 44% of financial services at publicly traded organizations using the technology MENLO PARK, California, September 10, 2024 /PRNewswire/ — The pressure of new cybersecurity disclosure requirements and growing threats of cyberwarfare and extortion have propelled data security and privacy to the top of financial executives’ priorities. Global Finance Trends Survey A study by consulting firm Protiviti found that 61% of CFOs and finance leaders consider data security and privacy a top priority for the coming year, followed by financial planning and profitability analysis and strategic planning. The finance function is increasingly responding…

The increased use of AI tools and potential vulnerabilities in games have been identified as critical cybersecurity concerns for children in 2024, according to a new report from Kaspersky. The paper, released today, also highlights the growth of FinTech among young people, the growing popularity of smart home devices and the challenge of balancing children’s desire for online privacy with adequate parental supervision. According to the report, the increasing use of AI by children, also highlighted by a UN Study 2022presents risks of exposure to inappropriate content and threats to the security of personal data. Online games, played by 91%…

SUMMARY FlexiLoans has raised INR 290 crore (approx. $34.5 million) in its Series C funding round from a group of investors including Accion, Maj Invest, Nuveen and Fundamentum This fresh injection will help the NBFC further fuel its growth, expand its product range and scale its operations So far, the fintech startup claims to have disbursed over INR 7,000 crore in loans across over 2,100 cities. Non-banking financial company (NBFC) Flexiloans raised INR 290 crore (approx. $34.5 million) in its Series C funding round from a group of investors including Accion, Maj Invest, Nuveen and Fundamentum. Co-founder Deepak Jain told…