Singapore’s utu has raised $33 million and acquired the rewards platform CardsPal. The acquisition and funding, announced Monday (June 26), is designed to help consumers get the most out of tax-free shopping, the company said in a news release provided to PYMNTS. “The cross-border travel...
TreasurySpring has secured $29 million to grow its fixed-term fund (FTF) platform. The firm plans to increase its headcount by 50%, adding to its product, sales and marketing teams; develop its products and services; and accelerate its international expansion, according to a Monday (June 26) press release. The...
Volt has raised $60 million in a Series B round to expand into Asia-Pacific (APAC) and the Americas. The builder of infrastructure for global instant payments will also use the new capital to support product development in its existing markets in Europe, the United Kingdom...
Military technology startups are enjoying a record investment boom led by venture capital (VC) firms. This wave of investments has been fueled by the Russia-Ukraine war and tensions between the U.S. and China, both of which have led to confidence that the U.S. will begin hiring Silicon Valley defense-tech...
Trade finance provider Cleareye.ai has received a strategic investment from J.P. Morgan. The companies announced the investment — no dollar amount was provided — Tuesday (June 20), saying that Cleareye would offer trade finance solutions for the banking giant and its clients around the world....
French startup Mistral AI has reportedly raised a record $113 million in seed funding. The company, founded by artificial intelligence (AI) vets from Google and Meta, launched just weeks ago, the Financial Times reported Tuesday (June 13). That report notes this was the largest-ever seed...
Discover Bank has launched a fund to support startups working to improve people’s financial health. The $36 million Discover Financial Health Improvement Fund will back companies aiming to help low- and moderate-income people, communities and small businesses in the mid-Atlantic region, according to a Tuesday...
Finland’s Voima Ventures has closed a $97 million fund to support deep tech firms. The fund will back Nordic and Baltic early-stage companies focused on “science-driven entrepreneurship,” Voima said in a Tuesday (June 13) news release. “Now is the time to scale science-based solutions into...
Insight Partners has reportedly lowered the $20 billion goal for its latest fund as tech valuations continue slumping. The venture capital fund has raised just $2 billion for its 13th fund, the Financial Times (FT) reported Monday (June 12), citing a letter from Insight to...
