{"id":53409,"date":"2024-09-17T12:02:54","date_gmt":"2024-09-17T12:02:54","guid":{"rendered":"https:\/\/codeandpepper.com\/?p=53409"},"modified":"2024-09-17T12:26:47","modified_gmt":"2024-09-17T12:26:47","slug":"fintech-wire-episode-66","status":"publish","type":"post","link":"https:\/\/codeandpepper.com\/fintech-wire-episode-66\/","title":{"rendered":"FinTech Wire: Episode #66 \u2013 Non-Mainstream News, August 2024"},"content":{"rendered":"\n

What’s been happening around the FinTech world in August 2024? We’ve checked. Read our summary of the most interesting Non-Mainstream News from the Start-up and Venture Capital worlds. <\/p>\n\n\n\n\n\n\n\n

Box Acquires Alphamoon<\/h2>\n
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\n \"Outward <\/div>\n
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Expands on the Polish market with its intelligent content management capabilities.<\/h3>\n <\/div>\n <\/div>\n
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Box<\/a><\/strong>, a top player in Intelligent Content Cloud, has acquired Alphamoon\u2019s AI-driven document processing technology. Combined with their recent purchase of Crooze, this strengthens Box\u2019s platform. Founded in 2017 in Poland, Alphamoon secured \u20ac2.3 million in funding, according to Crunchbase. Though the acquisition has been completed, details about the purchase price and how many employees will join the acquiring company were not disclosed.<\/p>\n <\/div>\n \n \n<\/svg>\n<\/article>\n\n\n\n

UK Startup Sync Savings Will Market Debut Next Month <\/h2>\n
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\n \"Sync <\/div>\n
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Started by former Monzo employees, the much anticipated platform will finally launch. <\/h3>\n <\/div>\n <\/div>\n
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Sync Savings<\/a>,<\/strong> a UK-based fintech startup, is set to launch next month, founded by former Monzo executives Joss Tasker and Alex Fox. The company provides banks, building societies, and credit unions with a solution to integrate their savings accounts into third-party platforms. Following a six-figure friends and family funding round and support from the Lloyds Launch program, Sync Savings will debut its plug-and-play service with an undisclosed cloud-based payroll provider.<\/p>\n <\/div>\n \n \n<\/svg>\n<\/article>\n\n\n\n

French AI Startup Raises $220M, Three Founders Quit<\/h2>\n
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\n \"H <\/div>\n
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H’s co-founders left due to \u201coperational differences\u201d.<\/h3>\n <\/div>\n <\/div>\n
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Three of the five cofounders of French AI startup H Company<\/a><\/strong> have quit. Just three months after securing a $220m seed round and before launching a product. Karl Tuyls, Daan Wierstra, and Julien Perolat – former Google DeepMind scientists – are leaving due to “operational differences,” according to a LinkedIn post.<\/p>\n

H stated that the company is “continuing its journey” and plans to launch a series of models and products by the end of the year.<\/p>\n <\/div>\n \n \n<\/svg>\n<\/article>\n\n\n\n

Bilt Rewards Valuation Now $3.25B With $150 Million in New Funding<\/h2>\n
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\n \"Bilt <\/div>\n
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New York-based fintech startup, has raised an additional $150 million. <\/h3>\n <\/div>\n <\/div>\n
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Bilt Rewards<\/strong><\/a>, a New York-based fintech startup, has raised an additional $150 million, pushing its valuation to $3.25 billion. This comes just months after the company secured $200 million in a previous round. Founded in 2022, Bilt offers a unique Mastercard credit card and loyalty program, allowing renters to earn points on rent payments and work towards homeownership.<\/p>\n

The new funding will support the expansion of Bilt\u2019s offerings, including plans to introduce mortgage payment features later this year and grow its loyalty program across the U.S.<\/p>\n <\/div>\n \n \n<\/svg>\n<\/article>\n\n\n\n

Involve Secures \u20ac2.5M Seed<\/h2>\n
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\n \"INVOLVE <\/div>\n
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Italian startup develops a stratospheric balloon technology.<\/h3>\n <\/div>\n <\/div>\n
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Italian stratospheric balloon company Involve<\/a> <\/strong>raised \u20ac2.5 million in a Seed round after 30 successful launches. Their advanced platforms and smart software provide real-time data for environmental protection, resource management, and infrastructure security.<\/p>\n <\/div>\n \n \n<\/svg>\n<\/article>\n\n\n\n

Polish Startup Secures \u20ac458k Pre-seed to Enhance Speech With AI<\/h2>\n
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\n \"dac.digital <\/div>\n
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To develop its pioneering Revoize for the use of Generative AI to transform audio quality.<\/h3>\n <\/div>\n <\/div>\n
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Dac.digital’s<\/a> <\/strong>Revoize is revolutionizing audio quality with Generative AI, turning noisy, degraded audio into clear, studio-level sound for any device. This technology aims to greatly improve communication for billions, making digital interactions clearer and more enjoyable. Funding was led by AIP Seed, a venture capital firm.<\/p>\n <\/div>\n \n \n<\/svg>\n<\/article>\n\n\n\n

Planera Raises $13.5M <\/h2>\n
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San Jose Con-Tech startup offers scheduling and planning software for commercial construction.<\/h3>\n <\/div>\n <\/div>\n
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Planera<\/strong><\/a>, a construction-tech startup, raised $13.5 million to grow its scheduling and planning software for commercial projects.<\/p>\n

Contractors often use outdated or general-purpose tools that are hard to use or not built for construction. Planera offers an easier solution with a digital whiteboard interface that supports real-time collaboration, helping contractors manage both short and long-term projects more efficiently.<\/p>\n <\/div>\n \n \n<\/svg>\n<\/article>\n\n\n\n

Epum Raises \u20ac1.47 million in Pre-seed Round<\/h2>\n
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To transforming the commercial real estate development industry. <\/h3>\n <\/div>\n <\/div>\n
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Epum<\/strong><\/a>, a startup based in Amsterdam and NYC, raised \u20ac1.47 million in an oversubscribed pre-seed round led by Curiosity VC. The funding will help make the commercial real estate industry more data-driven, supporting pension funds with better investment returns. Epum\u2019s platform helps developers and investors find the best sites, predict market trends using AI, and create investment memos 10x faster than usual. Founded in 2023, the team includes former real estate developers, tech engineers, and experts in Geospatial AI.<\/p>\n <\/div>\n \n \n<\/svg>\n<\/article>\n\n\n\n

Estonian Eco-friendly Building Materials Startup Myceen Raises \u20ac2M<\/h2>\n
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\n \"Myceen <\/div>\n
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Company aims to decarbonise construction sector. <\/h3>\n <\/div>\n <\/div>\n
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Tallinn-based startup Myceen<\/a> <\/strong>is developing eco-friendly building materials made from mycelium to reduce the construction sector\u2019s carbon footprint. Their mycelium-based insulation is both efficient and sustainable.<\/p>\n

The company recently secured \u20ac2M in grants and is working on raising an additional \u20ac1-1.5M in seed funding to bring its innovative products to market.<\/p>\n <\/div>\n \n \n<\/svg>\n<\/article>\n\n\n\n

German Assetbird Raises \u20ac2.4M <\/h2>\n
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\n \"A <\/div>\n
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To help B2B real estate investors. <\/h3>\n <\/div>\n <\/div>\n
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Berlin-based assetbird<\/a><\/strong> develops software to help B2B real estate investors streamline their acquisitions through digital tools. Their AI-powered platform automates deal tracking, centralizes teamwork, and simplifies market data evaluation.<\/p>\n <\/div>\n \n \n<\/svg>\n<\/article>\n\n\n\n

Fractile Raises \u20ac13.8M in Seed Funding<\/h2>\n
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\n \"Fractile <\/div>\n
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London startup is building a new AI chip to improve performance for AI models. <\/h3>\n <\/div>\n <\/div>\n
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Fractile<\/a><\/strong>, a UK startup building a revolutionary AI chip, has raised \u20ac13.8 million in seed funding from Kindred Capital, NATO Innovation Fund, Oxford Science Enterprises, and others. Founded in 2022 by AI PhD Walter Goodwin, Fractile’s new chip design aims to make AI models run 100x faster and 10x cheaper by using in-memory computing, reducing the need to transfer data between chips.<\/p>\n <\/div>\n \n \n<\/svg>\n<\/article>\n\n\n\n

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