General News

March 23, 2024 @ 6:36 am By Omar Faridi  |  

Bank of Ireland is warning that ‘money-muling’ – or allowing a bank account to be used to transfer stolen money for a fee – can lead to a criminal record and impact travel or employment prospects. The warning comes as some students “will be planning… Read More

March 22, 2024 @ 3:06 pm By JD Alois  |  

Senator Elizabeth Warren is on the warpath once again, taking aim at one of her favorite targets: Elon Musk. In a letter addressed to the Securities and Exchange Commission (SEC), Senator Warren tells SEC Chairman Gary Gensler that Musk and Tesla’s Board of Directors “may… Read More

March 21, 2024 @ 1:29 pm By JD Alois  |  

Reddit, a top social media platform that hosts thousands of different forums, has successfully listed its shares on the New York Stock Exchange (NYSE). Shares in Reddit are experiencing a solid pop after being priced at $34 a share. As of this moment, Reddit is… Read More

March 21, 2024 @ 7:45 am By Omar Faridi  |  

The British Business Bank has launched its new Northern Powerhouse Investment Fund II, a £660m fund set to cover the entire North of England. The Northern Powerhouse Investment Fund II (NPIF II), aims to “build on the success of the initial fund, with the purpose… Read More

March 21, 2024 @ 7:37 am By Omar Faridi  |  

Small firms continue to face a challenging macroeconomic environment, as sales growth in the December festive period hit a three-year low, according to the Xero Small Business Insights (XSBI) data from global small business platform Xero – which covers the three months to December 2023…. Read More

March 21, 2024 @ 4:22 am By Omar Faridi  |  

Amazon Web Services (AWS), Accenture (NYSE: ACN) and AI company Anthropic are coming together to help organizations—especially those in highly-regulated industries including healthcare, public sector, banking and insurance—responsibly adopt and scale customized generative artificial intelligence (AI) technology “within their organizations to speed innovation, improve customer… Read More

March 20, 2024 @ 3:01 pm By JD Alois  |  

As anticipated, the US Federal Reserve has held benchmark rates steady while expecting three rate cuts later in 2024. The Federal Open Market Committee decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent while reiterating its commitment to… Read More

March 19, 2024 @ 10:00 pm By Omar Faridi  |  

Nacha members have approved a set of rules intended to reduce the incidence of frauds, such as business email compromise (BEC), that make use of credit-push payments. Nacha governs the ACH Network, the payment system that enables Direct Deposits and Direct Payments in the US…. Read More

March 19, 2024 @ 9:54 pm By Omar Faridi  |  

RevRoad explains that their platform provides growing companies with what they really need, which includes everything from a starter team to business services. RevRoad says that they are a venture services firm that helps portfolio companies grow “with a team and essential services for up… Read More

March 19, 2024 @ 9:19 am By JD Alois  |  

LarrainVial, one of the largest financial services groups in Chile, has acquired a 25% ownership stake in Aubrey Capital Management. The investment is part of a strategic partnership between the two firms. Aubrey, based in Edinburg and London, is a specialist boutique manager primarily focused… Read More

March 19, 2024 @ 12:19 am By Tony Zerucha  |  

New research from the Paze PulseSM Report, by Early Warning Services, revealed that over the past year, 71% of online shoppers have abandoned their online shopping carts. While an overly complicated checkout process and security concerns were among the top reasons for cart abandonment cited… Read More

March 18, 2024 @ 10:52 pm By Omar Faridi  |  

A total of 1,843 deals (mergers & acquisitions [M&A], private equity and venture financing deals) were announced in the Asia-Pacific (APAC) region “during January-February 2024, which is a year-on-year (YoY) decline of 19.6% compared to the 2,292 deals announced during the same period in previous… Read More

March 18, 2024 @ 5:33 pm By Omar Faridi  |  

As VC-backed startups continue to contend with bear-market headwinds, startup hiring and compensation have undergone a reset, according to an update from Carta. Last year marked a startup employment contraction: There were more total job departures from companies on Carta in 2023 than there “were… Read More

March 18, 2024 @ 4:17 am By Omar Faridi  |  

TransUnion (NYSE: TRU) technology transformation is reportedly set to reache its next phase with the introduction of OneTru, a platform that is said to be built for AI-powered data collaboration. The OneTru solution enablement platform reportedly capitalizes on “the company’s authoritative data assets, cloud-enabled infrastructure… Read More

March 15, 2024 @ 6:34 pm By Omar Faridi  |  

NatWest Group has announced a strategic minority investment in Icon Solutions, a fintech provider of payments technology and consultancy services. The investment follows the news last September that NatWest “selected Icon Payments Framework (IPF) to accelerate the bank’s payments modernisation.” Launched in 2020, IPF is… Read More

March 15, 2024 @ 10:15 am By Omar Faridi  |  

Grasshopper has announced Gabrielle Piasio’s addition as Senior Vice President of Sponsor Banking. This move marks the bank’s continued commitment to providing comprehensive lending and depository solutions to companies of all stages. In this role, Piasio is expected to help move the banking institution’s strategic… Read More

March 15, 2024 @ 8:32 am By Omar Faridi  |  

Levenue, a revenue-based financing company, has acquired MidFunder, a Zurich-based Fintech that provides financing for companies with recurring revenue. The acquisition marks a strategic move to enhance its Swiss operations. As entrepreneurs and early-stage investors, Patrick Frei, Founder of MidFunder, and Pascal Schumperli, Co-Founder, identified… Read More

March 14, 2024 @ 2:18 pm By Omar Faridi  |  

Private equity fundraising declined by around 1.2% globally to $554 billion last year, according to data shared by PitchBook. And the number of funds declined by around 46% to 647 from 1,192. Funds of $5 billion or more reportedly accounted for almost 50% of 2023’s… Read More

March 13, 2024 @ 6:12 pm By Omar Faridi  |  

Spring home sellers looking to maximize their sale price may want to wait it out and list their home for sale in the first half of June, according to an update from real estate firm Zillow (Nasdaq: Z and ZG). A new Zillow analysis of… Read More

March 13, 2024 @ 12:34 pm By Omar Faridi  |  

In a significant leap forward for the cybersecurity sector, Eye Security has announced a €36 million Series B investment led by J.P. Morgan Growth Equity Partners with participation from existing investors Bessemer Venture Partners and TIN Capital. The funding round marks “a new chapter in… Read More