H&M Says Tech Investments Help Sales Climb 12%
The Swedish chain of clothing stores H&M recorded an increase in sales and an unexpected increase in profits.
Finance & Economics - page 91
Japanese VCs Join €3 Million Growth Round in Sweden’s Open Payments
The Swedish fintech company Open Payments announced the completion of a round of financing for 3 million euros.
Paytrix Secures $18.3 Million Series A Funding
Paytrix, an embedded payments company for fast-growing vertical software platforms, announced that it managed to raise $18.3 million in investment funds following the results of the Series A funding round.
LeapXpert Raises $22 Million for Finserv Messaging Platform
LeapXpert, a provider of business communication solutions, announced the attraction of investment funds in the amount of $ 22 million following the results of the Series A+ financing round.
Fintech Farm Launches Neobank in Vietnam
A new fintech product from Fintech Farm that came to the Vietnamese market has Ukrainian roots
Xapo Bank and Circle Integrate USDC Payment Rails as Alternative to SWIFT
Xapo Bank partnered with Circle to offer USDC deposits and withdrawals in an attempt to bypass the cumbersome and expensive SWIFT payment system
Thunes Bags $30 Million in Ongoing Investment Round
Thunes, a Singapore-based company that specializes in providing financial services for making cross-border payments, announced the attraction of $30 million in investment funds during an ongoing funding round.
UK Government Abandons Sunak’s NFT Plan
The UK government has decided not to implement the plan of the country’s Prime Minister Rishi Sunak, which provides for the Royal Mint to commit to creating an interchangeable token.
UAE Rolls Out Digital Dirham Project
The Central Bank of UAE is ready to start with its Central Bank Digital Currency (CBDC) implementation. The Digital Dirham project will employ G42 Cloud and enterprise blockchain firm R3
More Wall Street Giants Back Versana Syndicated Loan Platform
Deutsche Bank, Morgan Stanley, US Bank, and Wells Fargo have become the latest representatives of the financial services industry to support the Versana syndicated lending platform.
5 Applications of Blockchain In Business
There’s a large section of people who relate the term blockchain to cryptocurrency, particularly bitcoin. But blockchain is neither bitcoin nor a type of cryptocurrency. It’s the underlying technology used in creating them. And that is not only its only use, it is a technology with the potential to revolutionize how people do business. So […]
Huawei Launches Non Stop Banking Initiative
Chinese tech company Huawei unveiled its Non Stop Banking initiative to help banks increase revenue and customer base, save operational costs and enhance financial inclusion
The Importance of Accounting for Any Business (Big or Small)
Accounting is the comprehensive and systematic record of an organization’s financial transactions and dealings. There are several types of accounting, such as forensic accounting, management accounting, and others, including accounting for small businesses and large-scale corporations. Regardless of the scale and strength of an establishment, they all need accounting books to have a detailed breakdown […]
YouTube Winds Up Social Commerce App Simsim
The media giant YouTube shuts down its live social commerce app Simsim, targeting Indian SMEs and retailers, to focus on building a ‘seamless shopping experience for viewers’
World Bank Says Nations Must Adopt Policies to Boost Growth
The World Bank said that countries need to take measures to prevent the expected global downturn in economic growth.
Big Banks Invest in Generative AI Startup Hazy
The National Building Society, Wells Fargo, and Intesa Sanpaolo became participants in the Series A financing round, during which investment funds were raised for the development of the British developer of synthetic data Hazy.
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