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Wells Fargo enlists Google Cloud for agentic AI play

/ai

Wells Fargo enlists Google Cloud for agentic AI play

Wells Fargo is expanding its relationship with Google Cloud to roll out agentic AI across its operations.

Grasshopper raises $46.6m

/retail

Grasshopper raises $46.6m

Digital business bank Grasshopper has raised $46.6 million to support its merger with Auto Club Trust.

Sainsbury's sells travel money business to Fexco

/payments

Sainsbury's sells travel money business to Fexco

UK supermarket group Sainsbury's is offloading its travel money business to Ireland's Fexco. Financial terms were not disclosed.

Alaan raises $48m for spend management platform

/startups

Alaan raises $48m for spend management platform

Alaan, a UAE-based, AI-powered corporate spend management platform founded by former McKinsey consultants, has raised $48 million in Series A funding.

Asset manager associations join international blockchain initiative

/crypto

Asset manager associations join international blockchain initiative

The respective trade associations for the UK and Singapore's asset management industries have signed up to Project Guardian, a cross-border initiative led by the Monetary Authority of Singapore and designed to promote use-cases for blockchain.

QuamCore secures $26m to build million-qubit quantum computer

/security

QuamCore secures $26m to build million-qubit quantum computer

An Israeli startup has secured $26m in series A funding to build what it claims is the world's first one million qubit quantum computer contained within a single cryostat.

Uzum raises $70 million to build out fintech infrastructure

/retail

Uzum raises $70 million to build out fintech infrastructure

Uzum, an Uzbekistan fintech and digital bank, has secured nearly $70 million in equity financing from Tencent and VR Capital, with participation from FinSight Ventures – a US fund focused on AI, fintech and super-app investments, and lead investor in Uzum’s first equity round completed in March 2024.

Latvian fintech startup Handwave raises $4.2 million for palm payments

/security

Latvian fintech startup Handwave raises $4.2 million for palm payments

Latvian fintech startup Handwave has raised $4.2 million in seed funding to launch its palm-based payment and identity platform in Europe and the US.

NatWest and Google to boost UK startups with AI tools and training

/ai

NatWest and Google to boost UK startups with AI tools and training

NatWest is working with Google Cloud to support entrepreneurs on the UK lender's business Accelerator with access to AI tools, cloud technology, and expert training.

SEC launches AI task force

/ai

SEC launches AI task force

The US Securities and Exchange Commission has launched an AI task force to spearhead the agency’s efforts to embed artificial intelligence into its operations.

AI-powered data platform Daloopa raises $13m

/ai

AI-powered data platform Daloopa raises $13m

Daloopa, a provider of AI-powered data extraction services to hedge funds, investment banks, and other financial institutions, has raised $13 million in funding.

Klarna considers autumn IPO revival

/markets

Klarna considers autumn IPO revival

After pausing plans for its initial public offering amid market turbulence in the spring, Klarna is looking to revive its listing this autumn.

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