Databricks Acquires Startup Neon
Data and artificial intelligence company Databricks acquires Neon, which is a database startup.
Report
Robinhood to Buy WonderFi
United States-based financial company Robinhood is buying WonderFi, the Canadian crypto operator of Bitbuy and Coinsquare.
Stash to Add AI to Financial Guidance Platform
Stash has secured $146 million in a Series H funding round to deepen its investment in artificial intelligence for the company’s financial guidance platform.
Google Says Gemma AI Model Surpasses 150 Million Downloads
Google reported that its Gemma open-source artificial intelligence model has been downloaded by users more than 150 million times.
Perplexity AI Reportedly Plans to Launch Browser
The media published information according to which Perplexity AI, which is gradually becoming an increasingly powerful player in the global artificial intelligence industry, is currently in preliminary negotiations on raising investments worth $500 million at a valuation of $14 billion.
Virtual Card Payments Go Mainstream in U.S.
Not only do Gen Z and millennials in the U.S. embrace virtual cards, but also older age cohorts resort to this innovative payment method if providers manage to raise proper awareness.
Byline Bank Expands Payments and Fintech Banking Group
Byline Bank on Monday, May 12, announced the expansion of the Payments and Fintech Banking division.
Saudi Arabia Launches New AI Company
Saudi Arabia has launched a company to invest across the artificial intelligence value chain.
NymCard Launches Open Finance Services
NymCard, the leading embedded finance platform in the MENA region (Middle East and North Africa), has announced that it has been officially licensed to provide Open Finance services to consumers.
DeFi Technologies Receives Approval to List on Nasdaq
DeFi Technologies, which operates in the fintech industry and is a pioneer in the area of convergence of traditional capital markets with the decentralized finance sector, announced that it has received approval to list its common shares on the Nasdaq Capital Market.
Ant International Partners With Barclays
Ant International is launching a partnership with Barclays, a leading financial institution in the banking sector of the United Kingdom.
Rippling Raises $450 Million
Rippling, a workforce management platform, announced that it has raised new funding worth $450 million and signed an agreement to repurchase shares worth up to $200 million from the current and former employees.
Sage and AWS Power AI Innovation in Accounting and Compliance
Sage, a leader in the areas of accounting, finance, HR, and payroll technologies for small and medium-sized businesses, announced new progress made as part of its ongoing process of engagement with Amazon Web Services (AWS).
Magnolia Bank Launches Fintech Solution LiaFi
Magnolia Bank, which belongs to the category of community-driven financial institutions and has more than a century of experience in the industry, announced the launch of LiaFi, a fintech platform designed to support small and medium-sized businesses.
Ramp and Stripe to Accelerate Global Commerce Through Stablecoin-Backed Cards
Ramp, a high-growth corporate card and financial operations platform in the United States, and Stripe, which specializes in providing programmable financial services to consumers, are scaling up their partnership to launch the industry’s first stablecoin-backed corporate cards.
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