News
QED Investors Raises Nearly US$1 Billion to Invest in Fintech Firms Globally
QED Investors, a global venture capital firm investing exclusively in fintech companies, announced the close of two new funds totaling US$925 million. With the close of these two new funds, QED will have more than US$4.0 billion under management. The
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FED and Singapore Report on Wholesale CBDC’s for Cross Border Payments
The New York Federal Reserve and the Monetary Authority of Singapore (MAS) has published the report on the findings of their cross-border payments study. The Project Cedar Phase II x Ubin+ (Cedar x Ubin+) experiment found that distributed ledger technology
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ServiceNow and NVIDIA Announce Enterprise AI Partnership
ServiceNow and Nvidia announced a partnership to develop powerful, enterprise‑grade generative AI capabilities that can transform business processes with faster, more intelligent workflow automation. Using Nvidia software, services, and accelerated infrastructure, ServiceNow is developing custom large language models trained on
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Bank of America Launches New Fintech Accelerator Program
Bank of America launched its impact accelerator program named Bank of America Breakthrough Lab with the call for applications for the September 2023 cohort. The six-month program provides tailored mentorship, digital expertise, networking with industry experts and access to potential
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The Top 50 Crypto VC’s in 2023
The USA is dominant in the cryptocurrency venture capital (VC) game, representing more than 71% of the total amount of capital under management from the top 50 crypto-focused VC funds, a new report by Coinstack Partners, a boutique investment bank
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Fintech Meetup Las Vegas Sets a New Standard for Fintech Events
During a recent action-packed 3 days, Fintech Meetup mobilized the entire fintech industry by delivering an incredible 30,000+ tech-enabled meetings and sparking an unprecedented wave of collaborations and partnerships which the fintech industry has never experienced before. Attendees and sponsors
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Procurement Fintech Zip Raises US$100M Series C to Fuel Expansion Plans
U.S.-based procurement fintech Zip announced that it has raised a US$100 million Series C funding round from Y Combinator, CRV and Tiger Global at a US$1.5 billion post-money valuation. This brings Zip’s total funding to US$181 million with its prior
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Investing.com Acquires Streetinsider.com for $10M USD
Investing.com, a platform for financial data, tools & news accessed by more than 60 million retail investors monthly, announced it recently completed the acquisition and integration of Streetinsider.com, a premium source for market moving breaking news on equities. According to
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U.S. Fintech 8fig Raises US$140M Series B Led by Koch Disruptive Technologies
Fintech firm 8fig announced that it has secured a US$140 million Series B funding round in April 2023 led by Koch Disruptive Technologies (KDT). This brings 8fig’s total funds raised to US$196.5 million. The funding round was also joined by
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ServiceNow to Acquire AI Platform G2K
ServiceNow, an USA based digital workflow company, announced it has signed an agreement to acquire artificial intelligence powered platform G2K to transform retail and other industries. G2K’s technology allows organizations to connect real‑time data across storefronts and other physical spaces
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