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Flanks Secures €14M Funding to Revolutionize Wealth Management Automation Across Europe
Flanks, a Barcelona-based FinTech specializing in wealth management automation, has raised €14 million in a funding round led by Motive Ventures, with participation from Battery Ventures and others. Founded in 2019, Flanks offers a platform that consolidates high-quality data into tailored wealth reports. The new capital will allow Flanks to expand its product offerings and enhance automated investment proposals. The company has seen significant growth, entering markets in France and the UK, and currently manages over €37.1 billion in portfolios for more than 100 financial institutions. CEO Joaquim de la Cruz emphasized the importance of comprehensive data solutions in transforming wealth management.
Nuvo Secures $45M in Funding from Sequoia and Index Ventures to Revolutionize B2B Trade
Nuvo, a network focused on modernizing B2B trade, has raised $45 million in a funding round led by investors including Sequoia Capital and Spark Capital. This investment will help Nuvo transform outdated trading methods by offering a platform for businesses to exchange verified profiles, facilitating faster and more secure transactions. Currently used by over 50,000 businesses, including Great Dane and Fender, Nuvo plans to expand into sectors like Alcohol, Chemicals, and Logistics while enhancing its payment infrastructure and AI systems. CEO Sid Malladi emphasizes the need for innovative technology in the evolving global economy.
Red Oak Compliance Launches Innovative AI Module to Revolutionize Advertising Review Processes
Red Oak Compliance has launched its AI Review module, aimed at enhancing compliance processes for the financial services and insurance sectors, particularly in advertising reviews. This innovative tool simplifies the review process, speeds up turnaround times, and improves accuracy in identifying non-compliant content. Featuring a configurable rules engine, the module allows firms to enhance their compliance workflows while offering customization options. Co-Founder Stephen Pope highlighted the module’s role in integrating advanced technology to address compliance challenges effectively. Red Oak’s commitment to innovative solutions has earned it recognition on the AIFinTech100 list for three consecutive years.
Cybereason Raises $120M to Revolutionize Cybersecurity Solutions with Innovative Technology
Cybereason has raised $120 million in a funding round led by SoftBank Corp., SoftBank Vision Fund 2, and Liberty Strategic Capital, highlighting investor confidence in the company’s cybersecurity capabilities. The funds will enhance its endpoint detection and response solutions, support global expansion, improve technology against cybersecurity threats, and strengthen partnerships, particularly with Trustwave. Additionally, Cybereason has appointed Manish Narula as the new CEO, marking a strategic leadership change. Narula expressed enthusiasm for the investment, emphasizing its potential to drive innovation in cybersecurity technology and services.
Unlocking Enterprise AI: How expert.ai is Revolutionizing Explainability for the Future
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