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Keep Secures C$108 Million to Disrupt Legacy Banks in Canada’s SMB Sector
Canadian FinTech company Keep has raised C$108 million, marking its exit from stealth mode and aiming to transform financial services for small businesses in Canada. The funding consists of C$33 million in equity led by Tribe Capital, a C$71 million credit facility from Coventure, and C$4 million in venture debt from Silicon Valley Bank. Keep plans to introduce innovative solutions like the first FinTech business credit card, multi-currency accounts, and automated expense management. With over 3,000 small businesses onboarded and a goal to reach 100,000 by 2027, Keep aims to save entrepreneurs C$250 million in fees annually.
AscentAI: Transforming Regulatory Compliance Through Innovative Technology
Chicago’s Ascent Technologies has rebranded as AscentAI, launching a new Regulatory Lifecycle Management (RLM) Platform designed for financial institutions. This AI-driven platform aims to enhance compliance processes, reduce costs, and improve risk management. Key components include AscentHorizon, which tracks global regulations, and AscentFocus, which evaluates regulatory obligations. CEO Christopher Junker noted the overwhelming information challenges faced by compliance organizations, while VP Ellen Krueger highlighted the platform’s ability to streamline change management. AscentAI aims to provide actionable insights and automate compliance tasks, reflecting a commitment to innovation in the legal and risk management sectors.
Ualá, the Leading Latin American Neobank, Raises $66 Million in Series E Funding Extension
Ualá, a prominent neobank in Latin America, has raised an additional $66 million in its Series E funding round, bringing the total to $366 million. This funding, led by Allianz X and supported by TelevisaUnivision, aims to enhance Ualá’s digital financial services, including debit and credit cards, personal loans, investment tools, and payment solutions. The new capital will drive expansion in Mexico, Argentina, and Colombia, improve technology, and foster product innovation. Ualá’s CEO, Pierpaolo Barbieri, highlighted the strong investor interest and the company’s commitment to providing accessible financial services across the region.
Aura Secures $140M in Series G Funding for Cutting-Edge AI-Powered Safety Solutions
Aura, a leader in AI-driven online safety solutions, has raised $140 million in its Series G funding round, led by Ten Eleven Ventures and Madrone Capital, with participation from AT&T Ventures and existing investors. This marks Aura’s first funding since separating from Pango Group, valuing the company at $1.6 billion. Aura provides a comprehensive platform that includes device security, fraud protection, identity theft monitoring, and child safety features, powered by its AI engine, Aura Intelligence. CEO Hari Ravichandran highlighted the company’s growth, while investor Alex Doll praised Aura’s innovative approach to digital safety for families.
SKY FC and Theta Lake Unite to Fuel Digital Innovation and Community Growth in Santa Barbara
Santa Barbara SKY FC, a new team in the USL Championship debuting in 2026, has partnered with Theta Lake, a leader in digital communications governance. This collaboration aims to enhance community engagement and address local issues, such as food insecurity, through events and awareness campaigns. Planned initiatives include food donation drives, with the first event set for later this year. Both organizations emphasize their commitment to innovation and community support, with branding during home games. Founding owner Peter Moore and Theta Lake CEO Devin Redmond express enthusiasm for the partnership’s potential impact on the Santa Barbara area.