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One Zero on Track to Raise $100 Million Amid Fintech Expansion

One Zero on Track to Raise $100 Million Amid Fintech Expansion

One Zero, a fintech startup co-founded by Mobileye CEO Amnon Shashua, aims to raise at least $100 million to enhance its mission of making private banking accessible to the masses. The company, which has previously secured approximately $242 million, was valued at $320 million in 2023, with expectations of a higher valuation in its upcoming funding round. Although primarily focused on the Israeli market, One Zero is attracting attention from notable investors. In related news, Apple Pay has announced expanded loan options, and Stripe is in talks to acquire a stablecoin platform for $1 billion.

Created at: October 22, 2024 7:00pm

Interface.ai Secures $30M Funding to Revolutionize Banking Customer Service

Interface.ai Secures $30M Funding to Revolutionize Banking Customer Service

Interface.ai, a customer automation platform for financial institutions, has successfully raised $30 million in funding led by Avataar Venture Partners. This round marks the startup's first external capital, having previously operated on a bootstrapped model. The company serves over 100 banks across North America, generating significant annual recurring revenue. CEO Srinivas Njay highlighted the importance of democratizing AI access for smaller banks. The new funds will help expand their team and accelerate market initiatives, as AI adoption in banking grows despite customer hesitance towards AI recommendations.

Created at: October 22, 2024 2:30pm

One Zero, AI Fintech from MobileEye Founder, Secures $100M Funding

One Zero, AI Fintech from MobileEye Founder, Secures $100M Funding

One Zero, a fintech startup founded by MobileEye's Amnon Shashua, is raising $100 million to enhance AI-driven retail banking services. The company, valued at $320 million in 2023, aims to democratize private banking through its innovative chatbot, Ella. With around 110,000 customers, One Zero has acquired a banking license in Israel and is exploring licensing opportunities for its technology globally. Previous investors include Tencent and OurCrowd. Shashua’s vision focuses on using multiple AI models to deliver personalized banking experiences and solve complex financial queries.

Created at: October 21, 2024 8:30pm

Uprise Launches to Empower Small Businesses with Financial Guidance

Uprise Launches to Empower Small Businesses with Financial Guidance

Uprise, a San Francisco-based startup, aims to assist small businesses in making informed financial decisions by embedding its advisory services into existing financial products like Rippling and Carry. Using an AI-driven algorithm, Uprise provides tailored recommendations vetted by human advisors. The company recently secured $3.3 million in seed funding to enhance its offerings and expand partnerships. Initially focused on direct-to-consumer advice, Uprise pivoted to small businesses after recognizing their unique financial needs. This innovative approach seeks to integrate seamlessly into various financial applications used by entrepreneurs.

Created at: October 21, 2024 2:30pm

Stripe Negotiates $1 Billion Acquisition of Bridge

Stripe Negotiates $1 Billion Acquisition of Bridge

Stripe is reportedly in advanced talks to acquire Bridge, a stablecoin platform, for $1 billion, as confirmed by Forbes. Founded by Coinbase alumni, Bridge has developed an API that facilitates stablecoin acceptance for businesses. The startup previously raised $58 million from prominent investors including Index Ventures and Sequoia Capital. This potential acquisition would mark a significant increase from Bridge's current $200 million valuation and would be Stripe's largest acquisition to date. Stripe's commitment to crypto is evident, having recently introduced features enabling stablecoin transactions.

Created at: October 17, 2024 10:00pm

Concourse Launches AI Platform to Streamline Financial Workflows

Concourse Launches AI Platform to Streamline Financial Workflows

Concourse, a new startup co-founded by Matthieu Hafemeister, aims to automate financial tasks by integrating AI into business financial systems. The platform addresses the inefficiencies of traditional finance workflows, where 38% of teams spend excessive time on manual tasks. Concourse allows finance teams to retrieve and analyze data, generating insights and executing complex, multi-step operations. Despite challenges in demonstrating ROI for AI tools, Hafemeister emphasizes data accuracy and privacy. Currently in beta, Concourse has secured $4.7 million in funding and is focused on product development and expanding its team.

Created at: October 15, 2024 10:30am

UK Neobank Monzo Achieves $5.9B Valuation Through Secondary Market Sale

UK Neobank Monzo Achieves $5.9B Valuation Through Secondary Market Sale

Monzo, the U.K.-based neobank, has reached a valuation of $5.9 billion following a successful secondary market sale aimed at providing liquidity for its employees. The sale involved existing investors like Singapore’s GIC and StepStone Group acquiring additional shares. This year has been pivotal for Monzo, having raised $190 million in May and reporting its first full-year pre-tax profit. With plans for European expansion and a push into the U.S. market, Monzo continues to attract significant investor interest, reflecting its growth trajectory in the competitive fintech landscape.

Created at: October 11, 2024 9:30am

Alan Expands to Canada: First New Health Insurance Company in 70 Years

Alan Expands to Canada: First New Health Insurance Company in 70 Years

Alan, the French health insurance startup, has announced its expansion to Canada, marking the first new health insurance company to enter the market since 1957. The company, which treats health insurance as a software-as-a-service product, aims to enhance consumer satisfaction with its mobile app features. Alan has raised €173 million in its Series F funding and plans to hire 50 local experts in Canada. With 55 Canadian companies showing interest, Alan aims to onboard customers starting January 2025, bringing its innovative approach to a largely uncompetitive market.

Created at: October 9, 2024 4:30pm

Top 5 Reasons to Attend TechCrunch Disrupt 2024

Top 5 Reasons to Attend TechCrunch Disrupt 2024

TechCrunch Disrupt 2024, scheduled for October 28-30 at Moscone West in San Francisco, promises to be a pivotal event for startups and VCs. Attendees can network with over 10,000 industry leaders and explore innovations at the Expo Hall. The event features six stages with insights from top experts in AI, Fintech, and more. Highlights include the Startup Battlefield 200 competition, hands-on sessions with industry leaders, and the new ScaleUp Startup Exhibitor Program. Participants will gain invaluable knowledge and make meaningful connections essential for professional growth.

Created at: October 9, 2024 3:00pm