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Candex, a startup aiming to simplify procurement, particularly vendor management and payment processes for businesses, has announced a successful $45 million Series B investment round. The round was led by Goldman Sachs with participation from WiL (World Innovation Lab), Altos, NFX, Craft, JP Morgan, American Express, and Edenred. This brings Candex’s total funding to $85 … Read more
The popular stock trading app Webull has acquired the Mexican investment platform Flink, marking its entry into the Mexican market. Financial terms of the deal were not disclosed. Despite its Chinese roots, Webull is based in the United States and competes with Robinhood as a low-commission online trading platform that also offers cash management. It … Read more
A recent report by The Wall Street Journal suggests that Apple has decided to terminate its partnership with Goldman Sachs, involving the Apple Card credit card and savings account. However, Apple has refuted this claim, stating that both companies are committed to delivering an exceptional experience for their customers. Despite Apple’s denial, The Journal stands … Read more
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I am returning to OpenAI as CEO. Mira will return to her role as CTO. The new initial board will consist of Bret Taylor (Chair), Larry Summers, and Adam D’Angelo. I have never been more excited about the future. I am extremely grateful for everyone’s hard work in an unclear and unprecedented situation, and I … Read more
After much anticipation, the stock-trading platform Robinhood has officially launched in the U.K., marking its first international expansion following its debut in the U.S. over a decade ago. Robinhood is kicking off its U.K. presence by granting early access to the app for those who join the waitlist, with plans to gradually open up to … Read more
NomuPay — the payments startup that emerged from the remnants of the unsuccessful fintech company Wirecard — has completed an acquisition to further improve its economies of scale. The company has acquired Total Processing, a Manchester-based startup specializing in building payment processing solutions for recurring payments, risk management, PCI compliance, and payment integrations. NomuPay’s acquisition … Read more
Greg Waisman serves as the co-founder and COO at Mercuryo, a global payments infrastructure platform. With a strong background in technology, Mr. Waisman is an accomplished entrepreneur and business leader. He has extensive experience in managing end-to-end business operations, establishing fintech startups, and nurturing their growth. The fintech market is gradually recovering from the turmoil … Read more
Startups often succeed or fail based on product-market fit. Before seeking funds, founders must demonstrate rapid growth. However, simply investing in sales and marketing can create misleading growth metrics. The team at VC fund Headline became concerned with companies relying on external funding without genuine progress. This prompted the development of software to gain deeper … Read more