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OX Security Secures $60M in Series B Funding to Propel AI-Powered Application Security Innovations
OX Security, an application security company founded in 2021, has raised $60 million in Series B funding, led by DTCP with contributions from firms like Swisscom Ventures and Microsoft. This brings its total funding to $94 million. The company offers a next-gen security platform that identifies critical vulnerabilities using its proprietary Code Projection engine. The new funds will support global expansion, product development, and AI-driven risk mitigation strategies. In just a year, OX Security has generated $10 million in revenue and expanded its client base to over 200, including major firms like IBM and Microsoft. CEO Neatsun Ziv emphasizes prioritizing actionable threats to prevent breaches.
Fifteenth Secures $8.25M to Transform Tax Planning for Tech Professionals with Innovative AI Workflows
Fifteenth, an innovative AI-driven tax solution, has raised $8.25 million in seed funding to serve the financial needs of tech professionals, founders, and executives. The funding round was led by prominent firms like A* and General Catalyst, with notable contributions from angel investors. The platform offers tailored tax services addressing equity compensation, stock trading, and liquidity events, helping clients save between $10,000 to $100,000. Founded by Ankur Dahiya and Laura Moreno, Fifteenth provides seamless integration with services such as Workday and Robinhood, operating on a flat-fee model starting at $1,000 annually. The company aims to transform tax preparation using AI technology.
Unlocking Global Payments: RedCompass Labs Unveils Game-Changing AI Tool for Modernisation
RedCompass Labs, a London-based consultancy, has launched AnalystAccelerator v2.5, an AI solution designed for the payments sector. This tool aims to enhance the payments modernization process for banks globally, addressing the need for accurate, domain-specific AI amid the adoption of new standards like ISO 20022 and FedNow. AnalystAccelerator v2.5 improves efficiency by accelerating analysis by 45% and reducing project costs by 25%. It is model-agnostic, continuously updated, and minimizes resource usage. The company has begun a proof of concept with a major North American bank and is in talks with other global institutions to implement the solution.
Ramp Soars to $13 Billion Valuation with $150 Million Secondary Sale: A FinTech Powerhouse Emerges
Ramp, a financial operations platform, has raised $150 million through a secondary share sale, valuing the company at approximately $13 billion. The funding, backed by prominent investors like Stripes and Thrive Capital, will enhance Ramp’s corporate finance solutions. Founded in 2019, Ramp offers services such as corporate cards, expense management, and bill payments, serving over 30,000 businesses. The new capital will accelerate product development, particularly in AI, to automate financial processes. CEO Eric Glyman emphasized the company’s mission to reduce financial waste, while investor Ken Fox praised Ramp’s growth and efficiency across multiple product lines.
Top Trends Shaping ESG FinTech in 2025: What to Watch For!
The ESG (Environmental, Social, and Governance) landscape is increasingly polarized, with some countries embracing sustainability while others retreat. As 2025 approaches, optimism grows among industry leaders, particularly in light of significant regulatory changes, notably the EU’s Corporate Sustainability Reporting Directive. However, compliance remains inconsistent, with 17 EU member states warned for non-adherence. In the U.S., varied approaches to ESG raise concerns about potential anti-ESG policies. Despite these challenges, experts predict continued demand for transparent ESG data and innovative fintech solutions, focusing on value creation, supply chain transparency, and AI analytics, promising a robust future for ESG FinTech.
Unlock New Trading Potential: Interactive Brokers Upgrades IBKR Desktop with Game-Changing Features
Interactive Brokers has launched significant updates to its IBKR Desktop trading platform, enhancing user experience for both novice and experienced traders. Key features include multi-monitor support for improved workflow, the ForecastTrader for speculating on global events, and 24/7 access to over 10,000 US stocks and ETFs for responsive trading. The platform also introduces advanced screening tools and sound-enabled alerts for real-time market updates. These enhancements reflect Interactive Brokers’ commitment to providing a sophisticated trading experience with robust tools and customization options. Steve Sanders emphasized the platform’s design for traders at all experience levels. Further details can be found on their website.