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FundThrough Boosts SMB Financing with Ampla Acquisition and $25M Raise in FinTech Revolution
FundThrough, a FinTech platform for small and medium-sized businesses (SMBs), has acquired Ampla, a financial technology provider for consumer brands, and secured a $25 million Series B investment led by Klister Credit Corp. This acquisition aims to enhance FundThrough’s AI-driven financial solutions, addressing cash flow challenges for SMBs dealing with delayed invoice payments. CEO Steven Uster emphasized the need for seamless financial solutions for businesses. Ampla’s CEO, Anthony Santomo, will remain as a strategic advisor, focusing on improving commerce capabilities. This merger positions FundThrough to offer more robust financial services tailored to SMB needs for long-term growth.
Elevate Compliance: How KYC Portal CLM Enhances Oversight with Real-Time Field-Level Audit Trails
The KYC Portal CLM has launched the Field-Level Audit Trail, a feature designed to enhance compliance teams’ oversight of client data. This tool allows organizations to track real-time changes in onboarding and company forms, providing detailed audit logs that include timestamps, previous values, and the identity of the person making updates. With an easy-access icon for each form field, teams can view a chronological breakdown of changes, fostering transparency and accountability. This feature strengthens internal controls, supports compliance with regulations like GDPR and AML rules, and facilitates risk mitigation by quickly identifying errors, thus improving efficiency in compliance processes.
FinTech Scotland Awards £250,000 to Five Innovative Startups to Boost Consumer-Focused Solutions
Five FinTech startups received £50,000 each to enhance consumer engagement and financial resilience, as part of a program led by FinTech Scotland in collaboration with the University of Strathclyde and the University of Glasgow. This initiative, under the Consumer Duty Innovation Call, aims to improve financial services and consumer outcomes, supported by 14 major financial institutions. The selected startups include Docstribute, Ask Silver, NestEgg AI, MyArk, and Profylr, each providing innovative solutions ranging from understanding financial documents to scam identification. Collaboration with industry leaders will continue to refine these innovations for greater consumer impact.
Qomodo Raises €13.5M in Series A Funding to Revolutionize BNPL Solutions for High Street Retailers
Qomodo, an Italian FinTech company, has raised €13.5 million in Series A funding, co-led by RTP Global and LMDV Capital, bringing its total funding to €48 million within a year of its launch. Focused on micro and small businesses, Qomodo offers a digital ecosystem featuring a Buy Now, Pay Later (BNPL) scheme that enhances sales and reduces credit risks. Currently serving over 2,500 merchants in Italy, the new funding will help expand its product range, hire more staff, and enhance AI capabilities. CEO Gianluca Cocco and COO Gaetano de Maio highlight the aim to bridge online and physical retail experiences.
Mastering AI Compliance: Essential Strategies for Success in 2025
As 2025 approaches, the compliance landscape is being transformed by AI technologies. However, a report from 4CRisk.ai reveals that 49% of business leaders are unprepared for responsible AI deployment, with only 21% having effective bias mitigation policies. AI enhances compliance through functions like document scanning and regulatory monitoring, improving decision-making speed by up to 90%. Privacy issues are critical, necessitating robust data protection laws. Companies should establish ethical guidelines, invest in employee training, and continuously update security protocols. By embracing AI wisely and prioritizing privacy, organizations can turn compliance into a strategic asset rather than a burden.