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Revolutionizing Retail Investing: Copy-Trading FinTech Dub Secures $30M Series A Funding for Expansion
Copy-trading platform dub has raised $30 million in a Series A funding round, co-led by Notable Capital and Neo, with participation from several notable investors and a $5.5 million venture debt facility from Silicon Valley Bank. Launched a year ago, dub allows users to replicate investment strategies of experienced investors, focusing on long-term financial literacy and transparency. The funding will help scale its ecosystem, enhance platform features, and promote financial inclusivity. With over one million downloads, dub aims to empower everyday investors, countering speculative trading by providing reliable investment advice through its “dub Advisors” program.
AI Cybersecurity Innovator Harmony Intelligence Raises $3M Seed Funding to Revolutionize Digital Security
Harmony Intelligence, a prominent AI cybersecurity firm, has secured $3 million in seed funding to enhance its AI-driven cyber defense technologies amid rising AI-powered cyber threats. The funding round, led by Airtree Ventures, saw participation from over 30 investors, including notable figures from Adept AI, Plaid, and Canva. Harmony specializes in advanced cybersecurity solutions, testing AI models, and collaborating on risk assessments with governmental and safety organizations. The funding will help expand its team, accelerate product development, and support long-term sustainability. Notably, the company is developing AI-powered penetration testing systems to proactively identify vulnerabilities and strengthen defenses.
Unlocking Inclusive Investment: The Power of Digital Profiling for Diverse Strategies
everyoneINVESTED is transforming investment accessibility for all, regardless of age, financial literacy, or gender. The company leverages technology to enhance investor relationships, streamlining operations and focusing on individual client needs. Its digital framework simplifies the investment process, allowing for emotional engagement without constant human interaction. By utilizing insights from behavioral finance, everyoneINVESTED personalizes investment experiences, acknowledging varying risk preferences, especially between genders. The firm advocates for banks to adopt advanced profiling tools to better understand client nuances. Ultimately, everyoneINVESTED aims to democratize investment opportunities, enabling individuals to engage in the market according to their unique preferences.
Worldpay Expands into Colombia: Unlocking E-Commerce Growth and Global Payment Solutions
Worldpay, a global payments technology provider, is expanding its operations into Colombia, introducing domestic acquiring capabilities to enhance the country’s growing e-commerce sector. This move is part of Worldpay’s strategy to strengthen its presence in Latin America, building on existing operations in Argentina, Brazil, and Mexico. Key features of the expansion include advanced payment processing solutions, multi-layered fraud protection, enhanced security measures, and a dedicated local team to assist merchants. With its extensive global network, Worldpay aims to empower Colombian businesses to thrive in the digital landscape and facilitate smoother international transactions.
eBay Unveils Klarna’s Flexible Payment Solutions for US Shoppers: Shop Smart and Save!
eBay has expanded its partnership with Klarna to introduce flexible payment options for US shoppers, enhancing affordability across various product categories. Avritti Khandurie Mittal, eBay’s VP of Global Payments, expressed enthusiasm for replicating Klarna’s successful payment solutions from Europe and the UK. US consumers can now utilize options like “Pay in 4,” allowing them to split payments into four interest-free installments, and financing solutions for larger purchases. Additionally, users can resell previous Klarna purchases on eBay, promoting sustainable shopping. This initiative marks a significant step in eBay’s investment in enhancing the online shopping experience.
Bank of America Strengthens Global GPS Leadership with Strategic Appointments in Mexico and Hong Kong
Bank of America has strengthened its Global Payments Solutions (GPS) leadership with two key appointments in Asia Pacific and Latin America. Phil Carmalt will become Head of Asia Pacific GPS Product in Hong Kong, where he will oversee product management and strategy execution. With over 20 years of experience, he previously led Cash & Trade Product at DBS Hong Kong. Meanwhile, Gabriel Andrade has been appointed Managing Director and Head of GPS for Mexico, focusing on payment solutions and liquidity services from Mexico City. Andrade brings over 30 years of banking experience, including senior roles at Citibanamex.