Machine learning (ML) firm Applied AI Company (AAICO) has secured $42 million in funding to help companies in Europe and the U.S. reduce their reliance on manual business processes. “We are humbled by the support of our investors in current market conditions,” Arya Bolurfrushan, the...
Tech investor Tiger Global Management has reportedly slashed the value of its private funds by nearly 25% this year, leading to one of the industry’s largest-ever declines in assets at $42 billion. That’s according to a recent report by Bloomberg News, which says that Stripe,...
Software-as-a-service (SaaS) startup Taktile has raised $20 million in Series A funding to grow its platform that helps insurance companies, lenders and others in the financial industry make automated decisions. The firm will use the new capital to further develop the capabilities of its product...
Hong Kong-based lending FinTech WeLab is reportedly considering a new funding round that could value the company at about $2 billion. The company hopes to raise $200 million to $250 million during the round to accelerate its growth and has sought input from new and...
Sebastian Siemiatkowski, CEO of Swedish buy now, pay later (BNPL) firm Klarna, has expressed his frustration at the current global investment environment. “The consequence of the new environment is that investors price companies differently,” he said at the Slush conference in Helsinki this week, Bloomberg...
U.K.-based FinTech Banked has raised over $15 million in a Series A round, according to a press release on Tuesday (Nov. 15). The round was led by Insight Partners and supported by Citi, National Australia Bank Ventures, and Banked’s recently announced commercial partner Rapyd. The...
India-based lending software provider Lentra has raised $60 million in a Series B funding round and said it will use the new capital to expand into international markets, make acquisitions and enhance its products. The firm is now valued at $400 million, according to a...
Chongqing Ant Consumer Finance — the consumer finance unit of China-based Ant Group — is reportedly planning to raise the equivalent of $1.5 billion in new capital to help it make loans. That target is lower than the previously reported plans to raise more than...
Italian bank Intesa Sanpaolo has reportedly announced it will sell its stake in the Italian payments firm Nexi while continuing its strategic relationship with the company. The bank’s stake is equal to 5.1% of the payments firm’s capital, a share that has diminished from a...
