Poetic, an AI startup that has been operating in stealth, has emerged with $50M in funding and a $500M valuation to automate some of finance’s most sensitive back-office work, from insurance underwriting to compliance and fraud checks. Its backers incl…
Capsa AI, a London and New York startup building what it calls an “AI operating system” for private capital, has raised $18M in Series A funding. The round was co-led by TX Ventures and Pivot Investment Partners, with participation from Bek Ventures, a…
The European Central Bank quietly moved to rein in Revolut last year, restricting Europe’s most valuable fintech from launching new products across the European Economic Area over concerns about how fast it approved them, the Financial Times reported o…
Vinted, the Lithuanian secondhand marketplace valued at €8 billion after an €880 million secondary share sale in April, is pushing into the United States and sees an “enormous opportunity” in the American resale market, according to marketplace CEO Ada…
Klarna is launching high-yield savings accounts in the United States with an annual percentage yield starting at 3.28%. The accounts are FDIC-insured through a partnership with WebBank and are designed to let existing Klarna spending customers hold sav…
Shoppers are starting to ask AI assistants what to buy, not just how to spell a word or what to cook for dinner. A new study suggests that when they do, most online stores are nowhere in the answer. The research, from AI commerce company Recomaze, ran …
JPMorgan Chase is hiring Nomura Holdings’ international head of artificial intelligence strategy, according to Bloomberg, as the largest US bank by assets accelerates its recruitment of AI specialists. Singapore-based Tahir Zafar, who joined Nomura in …
Two years ago, Ramp was a $7.65 billion corporate card company. On Wednesday, it announced a $750 million Series F that values it at $44 billion, a nearly six-fold increase that makes it one of the most valuable private fintech companies in the world. …
Vlad Yatsenko was Revolut’s first employee. He joined before CEO Nik Storonsky had even launched the company. Storonsky later gave him the title of co-founder, not because he had co-founded the business in the conventional sense, but because, as Storon…
Apple is preparing a new iPhone feature that lets users photograph a restaurant receipt, assign individual items to different people, and automatically generate payment requests through Apple Cash. The tool will calculate each person’s share of the bil…