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WhatsApp Names New Chief, Meta Invests $900M in CRED
WhatsApp gets a new boss, as Will Cathcart moves to a new role at Meta, while Shah steps down as CEO of Indian fintech giant CRED to replace Cathcart.
Ramp's $750M Raise Boosts Valuation to $44B with AI Focus
Ramp has nearly tripled its valuation over the past year as investors scramble to grab a part of the fast-growing startup.
Meridian Ventures Launches $35M Fund for MBA-Deferred Founders
This new fund will back founders building enterprise technology in the United States. Meridian is agnostic, co-founder Devon Gethers said, noting that the firm has already invested in companies in fintech, logistics, healthcare, and of course, AI.
Anthropic Surpasses OpenAI in Business AI Adoption, Ramp Data Shows
A survey compiled from fintech firm Ramp’s clients’ expense data shows 34.4% of participating businesses are paying for Anthropic services, more than any other AI lab, while only 32.3% pay for OpenAI.
Kevin Hartz’s A* Raises $450M for AI, Fintech, and Healthcare
The firm takes a generalist approach, backing companies across categories such as AI applications, fintech, healthcare, and security. The average check size for this fund will be between $3 million and $5 million, with the aim to back at least 30 startups.
Parker Fintech Startup Files for Bankruptcy
Parker, a well-funded startup offering corporate credit cards and banking services, has filed for bankruptcy and is widely reported to have shut down.
Skio's $105M Exit: AI Fintech Success Story
Subscription billing fintech Skio sold to its competitor Recharge in what was a healthy exit, according to its founder and former CEO.
Amazon, Meta Challenge Google Pay, PhonePe in India's UPI Market
PhonePe and Google Pay command 80% of India's UPI instant payments network. Rivals are set to meet with regulators to lobby for restrictions.