USA
Andreessen Horowitz Collects $7.2 Billions
Andreessen Horowitz announced that they have just raised $7.2B for the following venture strategies: American Dynamism ($600M), Apps ($1B), Games ($600M), Infrastructure ($1.25B), and Growth ($3.75B). When Ben Horrowitz and Marc Andreessen started the firm in 2009, the conventional wisdom
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SAP Rolls Out New Cloud Payment Solutions for Retailers
SAP announced a new composable payment solution to help retailers stay ahead of changing customer expectations. The new solution, SAP Commerce Cloud, open payment framework, helps retailers become more agile as new payment options – such as buy now, pay
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Visa and Western Union Expand Partnership to Enhance Global Money Transfers
Visa and Western Union have entered into a seven-year agreement to significantly enhance the way money is sent across borders. This collaboration aims to simplify the process for Western Union customers to transfer funds directly to Visa cardholders and bank
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Apple Claims Expanding Reach in Finance with 12M Credit Card Users and US$10B in Savings Balances
Apple has been steadily expanding its foothold in the financial services industry, with new data released by the company revealing more than 12 million users of its Apple Card credit card product, and US$10 billion in total balances in Apple
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Visa Cash App Forms Partnership with Red Bull Formula 1 Teams
The Formula One grid is charging into the 2024 season with a new look and new support. Red Bull F1 Teams and Visa announced an unprecedented multi-year agreement where Visa will become the first global partner of both Red Bull F1
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Fintech Venture Fund Canapi Raises $750m
Canapi Ventures, a fintech venture capital fund backed by nearly 70 financial institutions and strategic investors across the United States, announced the raise of a $750 million Fund II. Canapi is backed by the Canapi Alliance, the fund’s network of
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Nasdaq Launches Digital Platform for Global Carbon Based on Smart Contracts
Nasdaq announced the launch of a new technology that securely digitizes the issuance, settlement, and custody of carbon credits. It will be provided to market infrastructures, registry platforms, and other service providers globally. The service will support the development and
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UBS’ Roboadvisor Wealthfront Announces $50 Billion AUM Milestone
Wealthfront, a leading robo-advisor industry, announced that the company now oversees more than $50 billion in assets for over 700,000 clients, largely young professionals across the United States. This year Wealthfront’s team introduced new product lines, leading to an increase
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Bottomline Opens B2B Payment Network
Bottomline makes its B2B payment network available to approved financial institutions, fintechs and others looking to increase payment acceptance. This is the first time Bottomline’s business payment network has opened access to its proprietary Premium ACH supplier network. Partners can
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The Top 50 Crypto VC’s in 2023
The USA is dominant in the cryptocurrency venture capital (VC) game, representing more than 71% of the total amount of capital under management from the top 50 crypto-focused VC funds, a new report by Coinstack Partners, a boutique investment bank
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