Similar Posts
Debt Concerns Slow Down BNPL Growth in Dutch Retail: What You Need to Know
The Dutch government is implementing regulations on Buy Now Pay Later (BNPL) services in physical retail to protect consumers, especially young individuals, from financial risks. While not banning these services due to EU regulations, the government is urging companies like Klarna to limit their expansion in brick-and-mortar stores. BNPL’s popularity has surged during the pandemic, but it poses risks like hidden costs and debt accumulation, with only 52% of users aware of late payment fees. Ongoing discussions with BNPL providers aim to establish a code of conduct, emphasizing age verification to enhance consumer safety. This initiative reflects a broader trend of regulatory scrutiny across Europe.
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.
Unlocking AML Compliance: The Growing Significance of PEP Screening
In 2025, accurately identifying Politically Exposed Persons (PEPs) has become crucial for the financial sector in combating money laundering and corruption. Compliance teams must utilize advanced PEP screening tools, including automated identity verification and AI-driven risk assessments, to mitigate risks associated with high-profile individuals. Previous failures in due diligence have led to significant fines and reputational damage for institutions. To address evolving financial crime tactics, institutions are adopting technological advancements like real-time transaction monitoring and automated regulatory reporting. Moving away from traditional methods, compliance teams are encouraged to embrace AI-driven software and proactive strategies to enhance AML compliance and protect the financial system.
Furaha Raises $10M to Transform Education Financing Across Africa
Furaha, a lending platform in the Dubai International Financial Centre, aims to enhance financial inclusion in sub-Saharan Africa. It recently secured $10 million in funding from SC Ventures and Yabx Technologies. The investment, with SC Ventures contributing $7 million, will support Furaha’s innovative lending solutions that utilize advanced technology to offer accessible financing, particularly in education. The platform plans to expand into various African markets, starting with Uganda, to provide affordable education loans through partnerships with Opportunity Bank, SchPay, and MTN MoMo. Leaders from SC Ventures and Yabx highlighted the initiative’s potential to improve educational opportunities.
Nevermined Raises $4M to Transform AI-Commerce with Innovative AI Payment Protocol
Nevermined, a leader in AI payment infrastructure, has raised $4 million to enhance its AI-Commerce payment protocol, aiming to improve AI-to-AI transaction efficiency. The funding round, led by Generative Ventures, included contributions from firms like Polymorphic Capital and NEAR, as well as AI experts. Known as the “PayPal for AI,” Nevermined’s platform facilitates transactions between AI agents and helps developers monetize their tools. The investment will accelerate market expansion, team growth, and partnerships while addressing the complexities of AI commerce. CEO Don Gossen highlights the shift towards AI-driven transactions, necessitating new payment systems.
Passbolt Secures $8M Funding to Revolutionize Team Access Management Solutions
Passbolt, an open-source credential and access management platform, has raised $8 million in Series A funding, led by Airbridge Equity Partners, with support from several existing investors. Founded in 2016, Passbolt serves technical teams by enabling secure management and sharing of access credentials. The new funds will accelerate product development, address security challenges, and support the launch of Passbolt 5.0, targeting over 400,000 daily active users. The company has grown significantly, onboarding over 40,000 organizations and boasting 2,000 paid customers globally, meeting the rising demand for collaborative password management solutions.