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Town Secures $18M to Transform Tax Support for Small Businesses: A Game-Changer Initiative
Town has secured $18 million in seed funding to enhance its AI-powered tax automation services for small businesses. The funding round, led by First Round Capital and supported by various investors and angel backers, aims to provide dedicated tax support to entrepreneurs facing challenges in the tax system. Town’s platform combines human expertise with AI to simplify compliance, offering features like personalized advisor support, streamlined data collection, and a flat-fee pricing model. Since its recent launch, Town has already assisted hundreds of businesses in preparing for FY 2024 taxes and has formed strategic partnerships to expand its services.
Maiven Secures £1.5M to Revolutionize Climate Policy Compliance with AI Technology
Maiven, a UK-based RegTech company, has launched an AI-driven platform that offers real-time insights into climate policies, helping businesses navigate complex regulations. The company secured £1.5 million in seed funding from investors, including Pale Blue Dot and Ada Ventures. The platform monitors over 5,000 climate regulations globally, providing automated alerts and tailored analyses to manage climate-related risks and opportunities. CEO Larsen Mabika highlighted the importance of timely decision-making in the volatile regulatory landscape, while Chris Duck from Climate Impact Partners noted the need for actionable intelligence to help clients adapt to policy changes effectively.
Unmasking Digital Asset Romance Scams: How Online Daters and Investors Are Being Exploited
As digital assets and online dating gain popularity, romance scams have emerged, exploiting emotional vulnerability. Scammers typically initiate contact on dating apps, build trust, and present fake investment opportunities, coercing victims into sending money. Warning signs include eagerness to move communication off-platform, a focus on digital assets, avoidance of real-world interaction, and inconsistent stories. The emotional and financial toll can be severe, leading to trauma and isolation. To protect yourself, never send money to online acquaintances, verify identities, and be skeptical of high-return promises. If scammed, cease contact, report the incident, and seek support for recovery.
Alinea Invest Secures $10.4 Million to Fuel Gen Z’s Investing Revolution
Alinea Invest, a New York-based fintech startup founded in 2021, has raised $10.4 million in Series A funding to enhance its investing app for Gen Z users. The platform has rapidly grown to over one million users, with 92% being women and 70% from Gen Z. Alinea has achieved a six-fold revenue increase, reaching a run rate of $6 million. The new funding will support the launch of AI Allie, a personal finance coach that helps users make informed investment decisions. The round was led by Play Ventures and aims to empower younger investors, addressing a significant generational wealth transfer.
Apave Group Expands Sustainability Services with Strategic Acquisition of Aktio
Aktio, a French carbon accounting and sustainability firm founded in 2020, was acquired by Apave Group, a leader in risk management and consulting. This acquisition enhances Apave’s capabilities in climate risk management and sustainability, aligning with its growth strategy launched in 2020. Aktio, known for its hybrid service model and B-Corp certification, offers Climate Consulting and Greenhouse Gas Accounting software, helping organizations measure carbon footprints and develop decarbonization plans. The merger creates Aktio-Apave, focused on comprehensive sustainability consulting and innovative ESG software, positioning Apave to better support clients in various transition plans amid growing demand for sustainable practices.