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Fuel Ventures Invests £3M in 51toCarbonZero: Pioneering Solutions for a Net-Zero Future
51toCarbonZero, a UK-based climate-tech company, has secured £3 million in funding to enhance its AI-driven emissions platform and expand internationally. The investment round, led by Fuel Ventures, reflects growing confidence in the company’s potential. Their platform provides real-time emissions intelligence, enabling businesses to monitor and reduce carbon footprints with features like end-to-end carbon accounting and actionable sustainability insights. The funding will enhance AI capabilities and facilitate expansion into European and North American markets. 51toCarbonZero aims to help clients reduce 500 million tonnes of CO2e globally, integrating emissions management into core business functions.
Revolutionizing KYC Efficiency: Unlocking Automated Ownership Structure Analysis
Understanding complex ownership structures is vital for businesses in finance, especially for compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. The KYC Portal simplifies the identification of true ownership by automating the mapping of relationships among entities like trusts and partnerships. Key features include a Fields Module for precise tracking of ownership percentages and a Custom Button Feature for quick calculations. Automating these processes speeds up client onboarding and ensures accuracy, facilitating streamlined due diligence and compliance with regulatory standards. Overall, KYC Portal enhances operational efficiency for financial institutions.
Frenos Raises $3.88M in Seed Funding to Revolutionize Operational Technology Security Solutions
Frenos, a cybersecurity startup, has launched an AI-native platform to assess the security of autonomous operational technology (OT) in critical infrastructure sectors. Recently, the company raised $3.88 million in seed funding led by DataTribe to accelerate growth and market reach. The platform evaluates and prioritizes security risks, utilizing a digital network twin for detailed threat analysis. Frenos has formed strategic partnerships with prominent cybersecurity firms like Claroty and Palo Alto Networks to enhance its offerings. Industry leaders, including Dragos CEO Robert M. Lee, praise Frenos’s innovative approach, positioning it to significantly impact OT security.
Deel Secures $300M in Secondary Investment, Achieves Impressive $800M Run-Rate: A Milestone for Global Payroll Solutions
Deel, a leading workforce management solutions provider, has raised $300 million in a funding round led by General Catalyst and a sovereign investor. This investment marks a significant milestone in Deel’s rapid growth, achieving an $800 million run-rate and 70% year-over-year growth by December 2024, while maintaining profitability for over two years. Founded in 2019, Deel has transformed into a comprehensive workforce management platform, offering HRIS, payroll management, compliance solutions, and more in 150 countries. CEO Alex Bouaziz anticipates continued growth and innovation in 2025, supported by new investor backing. Visit Deel.com for more information.
CrediLinq Secures $8.5M Series A Funding to Revolutionize AI-Driven Credit Solutions for SMEs
Singapore-based embedded finance platform CrediLinq has raised $8.5 million in a Series A funding round to enhance AI-powered B2B transactions and expand globally. The round was led by OM/VC and MS&AD Ventures, with participation from new investors like Citi North America. CrediLinq supports digital-first SMEs with an API-centric Credit-as-a-Service infrastructure, enabling tailored lending products across sectors such as e-commerce and supply chain. The funds will facilitate expansion into the U.S., U.K., and Australia, and improve AI-driven credit scoring. CEO Deep Singh emphasized the importance of this funding in accelerating the growth of embedded finance for SMEs.
Backbase and Alliant Credit Union Join Forces to Revolutionize Digital Banking and Enhance Member Engagement
Backbase has partnered with Alliant Credit Union, a digital-only credit union in the U.S., to enhance financial services for its members. Sumeet Grover, Alliant’s Chief Digital Officer, emphasized the credit union’s commitment to improving member experiences through hyper-personalized interactions and customized services. The collaboration aims to streamline operations and boost efficiency, ultimately providing a superior digital banking experience. Jouk Pleiter, CEO of Backbase, expressed excitement about redefining member engagement. This partnership sets a new standard in the financial industry and showcases the transformative potential of digital banking solutions.