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Dutch fintech Finom has raised €50mn, which the startup will use to boost its digital banking services. Founded in 2019, the Amsterdam-based business operates a pan-European neobank for SMEs and entrepreneurs. It integrates online banking, accounting, and financial management into a single platform. Kos Stiskin, co-founder at Finom, said the company was built to simplify banking for small businesses. “Finom was born as a cost-effective and user-friendly digital banking solution for…

Venture capital firm Homebrew is targeting $50 million for a new fund, according to a new filing with the U.S. Securities and Exchange Commission. The filing comes as a bit of a surprise considering that Homebrew nearly two years ago said it was pursuing a more stage-agnostic evergreen model that would be funded solely by Satya Patel and Hunter Walk, Homebrew’s general partners. But many firms raise more than one fund at any given time to target particular opportunities; for example, some early-stage firms raise a…

With an announcement of staking 50 million INJ coins on the Injective network, the finance-focused blockchain prepares itself for a market surge in 2024. Similarly, Polygon and Borroe Finance ($ROE) are set to make a market breakthrough with innovative developments through bold moves. >>BUY $ROE TOKENS NOW<< Injective’s Strategic Staking Founded in the year 2018, Injective has recorded a remarkable increase in staking activity with over 47 million INJ coins. With a staking yield of 15.96%, plus…

Companies are betting big on generative AI to gain a competitive edge. But adoption challenges remain. According to a recent survey from EY, a significant portion of businesses looking to embrace generative AI say that the field’s rapid progress — and the surge in vendors claiming to have AI expertise — is complicating their deployment prospects. You wouldn’t know it from their spending, though. Per an IDC forecast, worldwide investments in “AI-centric” systems could reach $154 billion by the end of the year. And an…

Mark Kleinman / Sky News: London-based Monument, a digital bank focused on mass affluent clients, raised a $50M Series B, a source says at a £150M+ pre-money valuation — Monument Bank's Series C fundraising is being launched immediately after the completion of a £40m injection from shareholders including Dubai Investments, Sky News understands. Mark Kleinman / Sky News: London-based Monument, a digital bank focused on mass affluent clients, raised a $50M Series B, a source says at a…

UK-based early-stage media technology venture capital firm GMG Ventures has rebranded to Mercuri. It has also raised £50 million ($81.35 million) for its second fund led by British Business Bank, through its Enterprise Capital Funds program, to back startups using artificial intelligence to reinvent traditional media models. Other investors in the latest fund include The Scott Trust, owner of the Guardian Media Group and Mercuri’s inaugural investor, who launched it to support the development of…

Image via Disney Plus The ongoing content purge being undertaken by almost every streaming service has been brutal – so much so that not even renewed shows with new seasons almost complete are safe – but Disney Plus may have just pulled the most ruthless move of them all by wiping Crater off the face of the planet. Coming armed with a budget north of $50 million, director Kyle Patrick Alvarez’s sci-fi adventure followed a teenager preparing to be relocated to a faraway planet, only to decide against the idea in…

AI-based traffic management platform NoTraffic has bagged $50 million in Series B funding as it picks up momentum in cities across the U.S. The capital injection comes as the Biden administration’s infrastructure bill enters its second year and a host of funding programs kick in to alleviate traffic congestion, tackle CO2 emissions and reduce road fatalities. The Tel Aviv-based startup aims to bring traffic lights into the 21st century. Most traffic intersections run on timers, but the…

Lil Durk’s got an album out at midnight—as does his rival YoungBoy Never Broke Again—and in the meantime he’s keeping fans fed with some entertaining 6ix9ine DMs.Durk got straight to the point, starting the exchange with an invitation to box in Dubai for $50 million of the Chicago MC’s own money.“I dont want you hurt or dead you a kid from the burbs,” Durk messaged the controversial rapper. “I got 50 million my own money without help to fight you on tv in dubi we can double the money 3 rounds…..go talk to your rich…

The cryptocurrency market is constantly evolving, with new projects and tokens emerging every day. Recently, there has been a lot of buzz around RenQ Finance (RENQ), a blockchain-based DeFi platform that is gaining attention from investors and industry experts alike. And it seems that even the man who invested $50M in Shiba Inu (SHIB) a day before the Binance listing announcement has recently shifted his focus to RenQ Finance. In this article, we will explore the potential reasons behind this move and what it could mean…