Similar Posts
Tracera Raises $12M Series A to Revolutionize AI-Powered Sustainability Reporting
Tracera, an AI-driven platform focused on Environmental, Social, and Governance (ESG) data management, has secured $12 million in a Series A funding round led by Foundry, with participation from Rho Ignition, Tola Capital, and Contour Venture Partners. Since its inception in 2023, Tracera has raised a total of $17.25 million. The new funds will enhance automation in ESG data management, support compliance, and improve operational efficiency. Tracera serves over 30 FORTUNE 2000 clients and aims to tackle sustainability challenges globally, including the launch of a tool for measuring Scope 3 emissions from suppliers.
FINNY: WealthTech Platform Gains Investment Backing from Financial Expert Josh Brown
FINNY, an innovative WealthTech platform, has gained traction with its AI-driven prospecting solutions for financial advisors. Recently, Josh Brown, CEO of Ritholtz Wealth Management, invested in FINNY and will join its advisory board. This follows a successful $4.3 million seed funding round co-led by Maple VC and HNVR, with notable investors including Kunal Kapoor and Dan Westgarth. FINNY’s platform uses advanced AI to analyze data points and identify high-intent leads, enhancing advisor efficiency. Brown praised FINNY for addressing the challenge of connecting advisors with clients, emphasizing its smart and automated approach to prospecting.
EBA Unveils New ESG Guidelines: Paving the Way for a Sustainable Financial Future
The European Banking Authority (EBA) has released new guidelines to enhance ESG risk management in the financial sector, aligning with key EU regulations such as CRD6, CSDDD, and CSRD. These guidelines address the urgent need for financial institutions to manage ESG risks, which threaten sustainability and climate goals. Key components include compliance requirements, transparency in reporting, and strategies for identifying ESG risks. Institutions must comply by January 11, 2026, with smaller entities given until January 11, 2027. This initiative marks a significant step towards integrating sustainability into financial practices, promoting accountability and risk mitigation across Europe.
ClearScore Secures £30M from HSBC Innovation Banking UK to Fuel Global FinTech Expansion
ClearScore, a leading FinTech company, has secured £30 million in debt financing from HSBC Innovation Banking UK to support its expansion in domestic and international markets. This funding builds on an eight-year partnership with HSBC, which has been crucial for ClearScore’s growth. The platform currently serves over 24 million users across several countries, offering tools for accessing credit scores and comparing financial products. CFO Brian Cole expressed confidence in future growth, while HSBC’s Nick Conway emphasized the importance of their collaboration in transforming financial health management. ClearScore aims to enhance financial literacy and accessibility globally.
Jericho Security Secures $15M Funding to Revolutionize AI-Driven Cybersecurity Solutions
Jericho Security, a New York-based cybersecurity firm, has raised $15 million in a Series A funding round, bringing its total capital to $20 million since its 2023 inception. Led by Era Fund and supported by investors like Dash and Lux Capital, the funding will enhance its AI-powered employee training solutions against cyber threats, particularly phishing and deepfakes. The platform features dark web intelligence to create realistic training simulations. CEO Sage Wohns highlighted the dynamic nature of modern phishing attacks, emphasizing the need for innovative defenses powered by AI. Jericho also offers a self-service portal with a seven-day free trial for users.