Berlin-based startup Ivy has raised $20 million in Series A funding to expand its global network for open banking payments. “Ivy is building a network of networks for instant bank payments,” Ivy Co-founder and CEO Ferdinand Dabitz said in a Thursday (Aug. 31) post on LinkedIn announcing the new funding. “Over...
J.P. Morgan Chase & Co. has boosted its stake in Brazilian digital bank C6 Bank from 40% to 46%. The financial terms of the deal were not disclosed, Reuters reported Tuesday (Aug. 29), citing a statement released by the banks. This expanded investment comes after J.P. Morgan initially bought...
TruLite Health, a company focused on health equity solutions, has closed a $7 million Series A financing round. The funding will be used to accelerate the organization’s commercial growth, enhance client support resources and expand product offerings, the company said in a Tuesday (Aug. 29) press...
Web3 infrastructure company MoonPay has launched an investment arm that aims to support and collaborate with startups in the Web3 and FinTech ecosystems. The new MoonPay Ventures will provide capital and access to resources, mentorship and industry expertise to early-stage companies, with the goal of driving industry-wide value...
Citi says it is investing in Peruvian foreign exchange (FX) FinTech Rextie. “The investment makes Rextie Latin America’s first FX FinTech to receive an investment from one of the largest banks in the world,” Citi said in a news release Thursday (Aug. 24). In addition to the investment,...
Artificial intelligence (AI) startup Hugging Face has raised $235 million in a Series D funding round at a $4.5 billion valuation. The new investors that participated in the round include Salesforce Ventures, Google, Amazon, Nvidia, AMD, Intel, Qualcomm Ventures, IBM and Sound Ventures, Hugging Face Co-founder and CEO...
SpyCloud has secured $110 million in a growth round of funding to expand globally and enhance its authentication bypass prevention solutions, further fortifying digital identities against cyber threats. The funding round was led by Riverwood Capital. The identity analytics solution provider’s automated prevention tools fight back...
Corporate wellness platform Gympass has secured $85 million in Series F funding to accelerate its growth globally. The investment comes as the company increased its customer base in July by 80% to more than 15,000 corporate customers and surpassed 2 million employee subscribers across its network of more than...
FinTech company Ramp has secured $300 million in a Series D funding round, bringing its post-money valuation to $5.8 billion. The funding will allow Ramp to expand its business categories and deliver more value to its customers, the company said in a Tuesday (Aug. 22) press release. Commenting...
