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Crossmint Raises $23.6M to Revolutionize Blockchain for Businesses and AI Solutions
Crossmint, a prominent all-in-one blockchain platform for businesses, has raised $23.6 million in a funding round led by Ribbit Capital, reflecting a remarkable 1,100% increase in subscription revenue in 2024. The platform offers user-friendly tools for businesses to develop blockchain applications with minimal coding, enabling wallet integration, tokenization, and payment management. Over 40,000 businesses, including Adidas and Red Bull, utilize Crossmint’s services, enhancing consumer engagement with traditional methods and avoiding technical complexities. Co-founder Alfonso Gomez-Jordana highlighted the potential of AI in commerce, positioning Crossmint to support future AI-driven applications. Ribbit Capital endorsed Crossmint’s innovative impact.
Tietoevry Tech Services Wins Major Contract to Transform Kristiansand Municipality
Tietoevry Tech Services has secured a NOK 90 million contract to implement a cloud-based solution for Kristiansand Municipality, aimed at modernizing its financial, personnel, and payroll processes over the next decade. Bård Jørgen Haaland, director of business systems, expressed enthusiasm for the partnership, focusing on enhancing operational efficiency. CFO Terje Fjellvang highlighted Tietoevry’s competitive advantages in finance, HR, and AI capabilities, particularly for invoice management. This collaboration not only improves Kristiansand’s technological landscape but also sets a benchmark for other municipalities seeking to modernize their systems and services effectively.
Klarna Teams Up with JPMorgan to Revolutionize BNPL Services for Merchants
Klarna, a prominent Swedish Buy Now Pay Later (BNPL) provider, has partnered with JPMorgan Payments to integrate its flexible financing solutions into JPMorgan’s merchant services, enhancing payment options for both consumers and merchants. This collaboration aims to improve customer experience and boost sales through interest-free BNPL options and flexible payment plans. Klarna, which has expanded beyond BNPL into a comprehensive shopping ecosystem, joins JPMorgan’s Partner Network, facilitating access to diverse payment solutions. As Klarna prepares for an IPO in April, this partnership could enhance its appeal to investors, showcasing its growth in the mainstream financial landscape.
FinTech Innovator Duna Secures €10.7M Funding to Revolutionize Business Identity Compliance
Duna, a FinTech company in Amsterdam, has raised €10.7 million in seed funding to enhance its identity compliance management for businesses. The funding round, led by Index Ventures, included prominent investors such as Pieter van der Does (Adyen) and Claire Hughes Johnson (Stripe). Duna aims to create a shareable business identity network, streamlining identification processes and improving onboarding conversion rates by 38% in six months. Founders Duco van Lanschot and David Schreiber highlight the urgent need for efficient identity solutions in the digital age, contrasting current reliance on outdated systems with potential advancements like digital passports.
BreachRx Secures $15M Funding to Revolutionize Cybersecurity Incident Response
BreachRx, a San Francisco-based cybersecurity firm, has secured $15 million in Series A funding, led by Ballistic Ventures with contributions from other investors. This investment will enhance its intelligent incident response platform tailored for enterprises, allowing for expansion of its engineering and marketing teams. Key appointments include Kevin Mandia as a board member and journalist Nicole Perlroth as a board observer. BreachRx’s platform features dynamic playbooks, clear tasking, enhanced communication, and tools for compliance and resilience. With over 100 clients, including Fortune 500 companies, BreachRx aims to strengthen its position in the cybersecurity market.
Peak Re Expands into India: Launching Reinsurance Branch at GIFT IFSC for New Opportunities
Peak Reinsurance Company Limited has gained approval from the International Financial Services Centres Authority (IFSCA) to establish a reinsurance branch at Gujarat’s GIFT IFSC, enhancing its footprint in India’s evolving reinsurance market. This expansion aims to address the rising demand for comprehensive reinsurance solutions, supporting the growth of the insurance sector. As a Category 2 reinsurer, Peak Re will provide tailored property, casualty, life, and health reinsurance solutions to local communities and businesses. Led by Sudhir Salian, the branch will focus on building relationships and modernizing reinsurance practices in India, reinforcing Peak Re’s commitment to the region.
Crossmint Raises $23.6M to Revolutionize Blockchain for Businesses and AI Solutions
Crossmint, a prominent all-in-one blockchain platform for businesses, has raised $23.6 million in a funding round led by Ribbit Capital, reflecting a remarkable 1,100% increase in subscription revenue in 2024. The platform offers user-friendly tools for businesses to develop blockchain applications with minimal coding, enabling wallet integration, tokenization, and payment management. Over 40,000 businesses, including Adidas and Red Bull, utilize Crossmint’s services, enhancing consumer engagement with traditional methods and avoiding technical complexities. Co-founder Alfonso Gomez-Jordana highlighted the potential of AI in commerce, positioning Crossmint to support future AI-driven applications. Ribbit Capital endorsed Crossmint’s innovative impact.
Tietoevry Tech Services Wins Major Contract to Transform Kristiansand Municipality
Tietoevry Tech Services has secured a NOK 90 million contract to implement a cloud-based solution for Kristiansand Municipality, aimed at modernizing its financial, personnel, and payroll processes over the next decade. Bård Jørgen Haaland, director of business systems, expressed enthusiasm for the partnership, focusing on enhancing operational efficiency. CFO Terje Fjellvang highlighted Tietoevry’s competitive advantages in finance, HR, and AI capabilities, particularly for invoice management. This collaboration not only improves Kristiansand’s technological landscape but also sets a benchmark for other municipalities seeking to modernize their systems and services effectively.
Klarna Teams Up with JPMorgan to Revolutionize BNPL Services for Merchants
Klarna, a prominent Swedish Buy Now Pay Later (BNPL) provider, has partnered with JPMorgan Payments to integrate its flexible financing solutions into JPMorgan’s merchant services, enhancing payment options for both consumers and merchants. This collaboration aims to improve customer experience and boost sales through interest-free BNPL options and flexible payment plans. Klarna, which has expanded beyond BNPL into a comprehensive shopping ecosystem, joins JPMorgan’s Partner Network, facilitating access to diverse payment solutions. As Klarna prepares for an IPO in April, this partnership could enhance its appeal to investors, showcasing its growth in the mainstream financial landscape.
FinTech Innovator Duna Secures €10.7M Funding to Revolutionize Business Identity Compliance
Duna, a FinTech company in Amsterdam, has raised €10.7 million in seed funding to enhance its identity compliance management for businesses. The funding round, led by Index Ventures, included prominent investors such as Pieter van der Does (Adyen) and Claire Hughes Johnson (Stripe). Duna aims to create a shareable business identity network, streamlining identification processes and improving onboarding conversion rates by 38% in six months. Founders Duco van Lanschot and David Schreiber highlight the urgent need for efficient identity solutions in the digital age, contrasting current reliance on outdated systems with potential advancements like digital passports.
BreachRx Secures $15M Funding to Revolutionize Cybersecurity Incident Response
BreachRx, a San Francisco-based cybersecurity firm, has secured $15 million in Series A funding, led by Ballistic Ventures with contributions from other investors. This investment will enhance its intelligent incident response platform tailored for enterprises, allowing for expansion of its engineering and marketing teams. Key appointments include Kevin Mandia as a board member and journalist Nicole Perlroth as a board observer. BreachRx’s platform features dynamic playbooks, clear tasking, enhanced communication, and tools for compliance and resilience. With over 100 clients, including Fortune 500 companies, BreachRx aims to strengthen its position in the cybersecurity market.
Peak Re Expands into India: Launching Reinsurance Branch at GIFT IFSC for New Opportunities
Peak Reinsurance Company Limited has gained approval from the International Financial Services Centres Authority (IFSCA) to establish a reinsurance branch at Gujarat’s GIFT IFSC, enhancing its footprint in India’s evolving reinsurance market. This expansion aims to address the rising demand for comprehensive reinsurance solutions, supporting the growth of the insurance sector. As a Category 2 reinsurer, Peak Re will provide tailored property, casualty, life, and health reinsurance solutions to local communities and businesses. Led by Sudhir Salian, the branch will focus on building relationships and modernizing reinsurance practices in India, reinforcing Peak Re’s commitment to the region.
Crossmint Raises $23.6M to Revolutionize Blockchain for Businesses and AI Solutions
Crossmint, a prominent all-in-one blockchain platform for businesses, has raised $23.6 million in a funding round led by Ribbit Capital, reflecting a remarkable 1,100% increase in subscription revenue in 2024. The platform offers user-friendly tools for businesses to develop blockchain applications with minimal coding, enabling wallet integration, tokenization, and payment management. Over 40,000 businesses, including Adidas and Red Bull, utilize Crossmint’s services, enhancing consumer engagement with traditional methods and avoiding technical complexities. Co-founder Alfonso Gomez-Jordana highlighted the potential of AI in commerce, positioning Crossmint to support future AI-driven applications. Ribbit Capital endorsed Crossmint’s innovative impact.
Tietoevry Tech Services Wins Major Contract to Transform Kristiansand Municipality
Tietoevry Tech Services has secured a NOK 90 million contract to implement a cloud-based solution for Kristiansand Municipality, aimed at modernizing its financial, personnel, and payroll processes over the next decade. Bård Jørgen Haaland, director of business systems, expressed enthusiasm for the partnership, focusing on enhancing operational efficiency. CFO Terje Fjellvang highlighted Tietoevry’s competitive advantages in finance, HR, and AI capabilities, particularly for invoice management. This collaboration not only improves Kristiansand’s technological landscape but also sets a benchmark for other municipalities seeking to modernize their systems and services effectively.