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Speed raised $8 million to accelerate the growth of its payments solutions built on the Bitcoin Lightning Network.
The company will use the new funding to build capacity, expand to new regions, develop more merchant tools, enable cross-border and creator payouts, and maintain reliability and compliance, it said in a Tuesday (Dec. 16) blog post.
Speed’s offerings include a global...
Square has expanded its partnership with inventory management reporting system Thrive.
The expanded collaboration is designed to help sellers manage their catalogs, sales and stock between their in-store and eCommerce platforms, including Shopify, the companies said in a Tuesday (Dec. 16) news release.
The integration lets retailers create and edit products within Square, and have...
Thread Bank has raised $30.5 million to promote its embedded banking strategy.
The new funding, announced Tuesday (Dec. 16), comes in the form of a $27.6 million initial raise and a $2.9 million extension, the lender said.
“From the outset, our mission at Thread has been to use technology to meet customers where they live their financial lives and conduct their financial business,...
BBVA said it has formed a strategic partnership with OpenAI to embed generative artificial intelligence (AI) directly into the bank’s core operations, moving beyond pilot programs and positioning AI as a default organizational layer across the company.
The Spanish banking group said it will deploy ChatGPT Enterprise across its global workforce and work with OpenAI to co-develop AI...
Lending platform Slope has teamed with Amazon to offer financing to the eCommerce giant’s merchants.
The program, open to eligible Amazon sellers in the U.S., is designed to offer these merchants access to working capital directly through their seller accounts, Slope said in a news release Tuesday (Dec. 16).
“Independent sellers now account for more than half of Amazon’s sales,” the...
Data analytics/artificial intelligence (AI) firm Databricks is reportedly raising $4 billion in a new funding round.
This Series L round would value the company at $134 billion, up 34% from its last session of funding during the summer, the Wall Street Journal (WSJ) reported Tuesday (Dec. 16).
Ali Ghodsi, Databricks’ co-founder and CEO, told the WSJ the company plans to use the new...
Federal government employment dropped sharply in October and continued to fall in November as cuts made by the Department of Government Efficiency (DOGE) earlier this year began to impact employment numbers.
Employment in the sector dropped by 162,000 in October and 6,000 in November, according to the Bureau of Labor Statistics (BLS).
In an Employment Situation press release issued...
A collection of app developers and consumer groups want Europe to enforce laws against Apple.
The Coalition of App Fairness (CAF) on Monday (Dec. 15) issued an open letter to the European Commission (EC) accusing the tech giant of “persistent” non-compliance with Europe’s Digital Markets Act (DMA).
The letter follows findings from the EC that Apple had violated the DMA by keeping...
Citi formed a data and analytics pact with the London Stock Exchange Group (LSEG).
The collaboration is designed to “deploy LSEG’s data, analytics and workflow solutions at enterprise scale” while bolstering Citi’s data foundations and “broader modernization efforts,” according to a Tuesday (Dec. 16) press release.
The multiyear agreement will see LSEG’s data and analytics support Citi...
A new regulatory report shows non-bank groups accruing more assets than their traditional banking counterparts.
The value of assets by these groups — which include private credit providers, hedge funds and insurance companies — grew at more than twice the rate of assets in the banking industry during 2024, the Financial Stability Board (FSB) said in a report Tuesday (Dec. 16).
In 2024...