Safe Superintelligence, the company co-founded by OpenAI veteran Ilya Sutskever, has reportedly raised $1 billion. The company plans to use the funds to boost its computing power and hire talent, management told Reuters in an interview published Wednesday (Sept. 4). Safe Superintelligence (SSI) declined to share its...
Brazilian FinTech Ume has raised $15 million in a Series A funding round to expand its payment network and merchant services platform for small and medium-sized businesses (SMBs) on Pix. The round was led by PayPal Ventures, the companies said in a Friday (Aug. 30)...
Ziina has raised $22 million to provide FinTech services for UAE-based small businesses. In an interview with TechCrunch Tuesday (Sept. 3), Co-founder and CEO Faisal Toukan said there were a few factors that made the company attractive to investors, including the rapidly-growing small and medium-sized enterprise (SME) segment in the...
Bridge reportedly raised $40 million to support its efforts to build a stablecoin-based payments platform designed to simplify global money movement. The funding brings the total amount the company has raised to $58 million, CoinDesk reported Friday (Aug. 30), citing a paywalled article by Fortune....
Paytm won approval from India’s finance ministry to invest in its payment services operation. The company announced the approval Wednesday (Aug. 28) in a disclosure posted to its website. Paytm has faced scrutiny this year after being ordered to close its payments bank in January....
Venture capital group G Squared has reportedly raised $1.1 billion for its latest fund. The firm aims to tap into increasing investor demand for G Squared’s strategy of buying pre-existing stakes in start-ups, the Financial Times (FT) reported Monday (Aug. 26). As that report noted,...
Revenew has raised $4.55 million in venture capital (VC) funding and launched its flagship product Clarity. The company provides an all-in-one solution that helps platforms and marketplaces manage their payments, optimize their margins and streamline their financial operations, according to its website. With Revenew’s solution,...
Efficient Capital Labs (ECL) has raised $11 million in Series A funding to expand its cross-border revenue-based financing offering for B2B software-as-a-service (SaaS) companies operating in the South Asia-U.S. corridor. The company, which already operates in the United States and India, will use the new funding...
Investment firm B. Riley is reportedly being scrutinized after recently warning of its biggest-ever quarterly loss. As Bloomberg News reported Wednesday (Aug. 21), retail investors are bearing the brunt of the company’s troubles. Based in Los Angeles, B. Riley bills itself as the leading firm when it comes to...
