{"id":54073,"date":"2024-11-12T12:34:23","date_gmt":"2024-11-12T12:34:23","guid":{"rendered":"https:\/\/codeandpepper.com\/?p=54073"},"modified":"2024-12-12T16:54:45","modified_gmt":"2024-12-12T16:54:45","slug":"fintech-wire-episode-68","status":"publish","type":"post","link":"https:\/\/codeandpepper.com\/fintech-wire-episode-68\/","title":{"rendered":"FinTech Wire: Episode #68 \u2013 Non-Mainstream News, October 2024"},"content":{"rendered":"\n

October has been a dynamic month in the FinTech and VC spheres. Marked by super-interesting FinTech News and Investments, new product launches. From fresh funding boosts to emerging tech initiatives, the latest developments are poised to influence the industry’s direction in exciting ways. Here\u2019s a look at what\u2019s been making headlines this month! Let’s welcome FinTech Wire: Episode #68.<\/p>\n\n\n\n\n\n\n\n

Karol Gajos Joins as CEO of Code & Pepper<\/h2>\n
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\n \"Karol <\/div>\n
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We warmly welcome Karol to the team and look forward to charting a new course for Code & Pepper together!<\/h3>\n <\/div>\n <\/div>\n
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Sometimes, the best code comes from a change in perspective. Karol Gajos brings a blend of leadership, vision, and a record of success, proven meticulously during his time at Pentacomp.<\/p>\n

Expect us to push new boundaries, explore emerging technologies, and deliver more value to our current and future clients.<\/p>\n

Welcome to the team, Karol Gajos! Let’s build something amazing together.<\/p>\n

Read the full announcement here!<\/a><\/strong><\/p>\n <\/div>\n \n \n<\/svg>\n<\/article>\n\n\n\n

Amsterdam\u2019s Pantheon Mining Raises \u20ac1 million<\/h2>\n
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The company aims to fuel its expansion in Bitcoin mining. <\/h3>\n <\/div>\n <\/div>\n
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Pantheon Mining<\/a><\/strong>, a Dutch startup focused exclusively on high-net-worth individuals, family offices, and institutional investors, has raised \u20ac1 million to fuel its expansion in Bitcoin mining. Known for its hands-on \u201cMining-as-a-Service\u201d model, Pantheon assigns each investor a personal manager, guiding them through the complexities of Bitcoin mining with 25 years of collective expertise. This funding will allow Pantheon to broaden its offerings, enhance its technology, and build new mining centers focused on sustainable energy, positioning itself for growth amid rising market interest.<\/p>\n <\/div>\n \n \n<\/svg>\n<\/article>\n\n\n\n

Via.ai Moves Out of Stealth Mode, Launches<\/h2>\n
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English startup offers an AI-driven digital concierge platform that delivers personalized lifestyle and travel experiences.<\/h3>\n <\/div>\n <\/div>\n
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Via.ai<\/a><\/strong> has launched its new AI-driven concierge platform, aimed at enhancing customer engagement for financial institutions and travel retailers. The platform provides personalized lifestyle and travel experiences, helping clients build loyalty and drive revenue.<\/p>\n

Already, Via.ai is delivering results. Travel company Issta, an early client, recently won an innovation award for using the platform to boost engagement. Via.ai’s team includes experts from AI, travel, and financial services, and the platform is designed to enable thousands of customized interactions daily, increasing transaction value and customer loyalty. This marks the start of an ambitious journey for Via.ai in transforming digital customer experiences.<\/p>\n <\/div>\n \n \n<\/svg>\n<\/article>\n\n\n\n

Cover Genius Completes Completing Their First Fully Automated Claim<\/h2>\n
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CEO says this automation speeds up approvals for the 80% of claims that are routine, reducing wait times for customers.<\/h3>\n <\/div>\n <\/div>\n
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Cover Genius<\/a><\/strong>\u00a0has achieved a major milestone with its first fully automated claim, thanks to investment in technology and an in-house claims team. CEO Angus McDonald says this automation speeds up approvals for the 80% of claims that are routine, reducing wait times for customers.<\/p>\n

Celebrating 10 years, the Sydney-based embedded insurance provider brought claims in-house to improve customer experience and stand out in the market. Cover Genius\u2019s partners prioritize customer satisfaction, tracking claims and resolution times closely. McDonald says their focus on supporting distribution partners sets them apart from traditional insurers.<\/p>\n <\/div>\n \n \n<\/svg>\n<\/article>\n\n\n\n

Dash0 Launches to Make Observability Easy for Every Developer<\/h2>\n
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The company created the first full opentelemetry-native observability tool out there. <\/h3>\n <\/div>\n <\/div>\n
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Dash0<\/a><\/strong>\u00a0has officially launched, aiming to simplify observability with a streamlined platform built on OpenTelemetry. Designed to address industry pain points like unpredictable costs and complex integrations, Dash0 combines logs, metrics, and traces into one centralized system.<\/p>\n

With a focus on transparency and flexibility, Dash0 offers a unified view of infrastructure dependencies, detailed trace filtering, and full-context logging to enhance data clarity. The platform also enables direct metrics management, giving users control over costs and insights through an intuitive dashboard interface.<\/p>\n

Dash0\u2019s pricing is straightforward, at $0.60 per million logs, spans, or events, and $0.20 per million metrics.<\/p>\n <\/div>\n \n \n<\/svg>\n<\/article>\n\n\n\n

Sharegain Partners with DriveWealth to Unlock Securities Lending Worldwide<\/h2>\n
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This partnership brings together the expertise and vision of two teams, ready to drive innovation and growth.<\/h3>\n <\/div>\n <\/div>\n
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Sharegain<\/a><\/strong>\u00a0<\/strong>has partnered with financial technology platform Drivewealth<\/a><\/strong>\u00a0to expand securities lending opportunities for online brokers worldwide. DriveWealth, known for its brokerage-as-a-service model, is enhancing its securities lending capabilities with Sharegain\u2019s agency lending, tailored to meet UK and European regulatory standards.<\/p>\n

The integration allows online brokers to leverage the combined capabilities of both platforms, covering execution, clearing, custody, instrument screening, and pricing.<\/p>\n <\/div>\n \n \n<\/svg>\n<\/article>\n\n\n\n

Tenity launches New Nordic Challengers 2025 VC-backed FinTech program <\/h2>\n
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The global innovation ecosystem presents new funding opportunities for early-stage financial technology companies.<\/h3>\n <\/div>\n <\/div>\n
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Applications Tenity’s<\/a><\/strong>\u00a0for are now open for the New Nordic Challengers 2025, a VC-backed program supporting FinTech, InsurTech, RegTech, EnterpriseTech, Web3, and other innovative financial sector startups.<\/p>\n

Selected startups can receive EUR 50,000 in funding, with an additional EUR 250,000 possible, plus access to a network of industry leaders, investors, and mentors. With a strong track record in fintech, the VC offers expertise and partnership for founders aiming to scale.<\/p>\n

Last year, the firm made 46 pre-seed investments across Zurich, Singapore, and Tallinn, providing early-stage founders with capital, industry insights, and a global network.<\/p>\n <\/div>\n \n \n<\/svg>\n<\/article>\n\n\n\n

Saudi FinTech Mala Raises $7M Pre-seed<\/h2>\n
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Mala is the the first B2B procure-now-pay-later platform in Saudi Arabia. <\/h3>\n <\/div>\n <\/div>\n
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Mala<\/a><\/strong>\u00a0has raised $7 million in pre-seed funding led by VentureSouq, joined by several regional investors. Founded by Musaab Hakami, Mala provides a “buy now, pay later” solution for businesses, offering flexible 30- and 60-day payment terms across online, phone, and in-store purchases.<\/p>\n

Hakami, a seasoned angel investor, says the platform leverages data to offer more reliable credit options. The platform is set to launch in the coming months.<\/p>\n <\/div>\n \n \n<\/svg>\n<\/article>\n\n\n\n

Tabs Announces 25M Series A led by General Catalyst <\/h2>\n
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Startup aims to world\u2019s most powerful Revenue Automation Platform for finance. <\/h3>\n <\/div>\n <\/div>\n
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Tabs<\/a> <\/strong>has raised $25 million in a Series A round led by General Catalyst, with continued support from Lightspeed, Primary, and others, bringing its total funding to over $35 million. The company also welcomed Alex Tran to its board.<\/p>\n

Since emerging from stealth six months ago, Tabs\u2019 AI-driven revenue automation platform has quickly gained traction with high-growth companies like Alkira, Cortex, and Statsig. Built specifically for B2B finance, Tabs\u2019 platform uses its \u201cCommercial Graph\u201d to automate the revenue process, from billing and payments to revenue recognition and reporting.<\/p>\n <\/div>\n \n \n<\/svg>\n<\/article>\n\n\n\n

Bitget Launches $100K Funding Program for Women-led Blockchain Startups<\/h2>\n
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Announced at DevCon 24\u2019, the new program aims to boost blockchain entrepreneurship. <\/h3>\n <\/div>\n <\/div>\n
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Bitget<\/a><\/strong>\u00a0launched “Pitch n Slay,” an initiative under its $10 million Blockchain4Her program to support women-led blockchain startups. In partnership with Foresight Ventures, World of Women, and Women in Web3, the program offers female founders the chance to secure up to $100,000 in funding and receive mentorship from blockchain experts. Participants will gain guidance on market strategy, scaling, and tech development, providing essential resources for growth in the blockchain space.<\/p>\n

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“Global FinTech investments projected to halve in 2024 as investors scale back” <\/h2>\n
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According to Fintech Global’s Research, investments in financial technology startups are projected to halve. <\/h3>\n <\/div>\n <\/div>\n
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Fintech Global<\/a><\/strong> reports that in Q3 of 2024, the global FinTech sector experienced a significant year-over-year decline in both deal activity and funding levels, with deal activity falling 57% year-over-year. Investors become increasingly cautious amid tough economic conditions. This slowdown in high-value deals highlights a more conservative approach among investors.<\/p>\n

“Meanwhile, total funding for the year is on track to close around $66.2bn, a noteworthy 53% decline from the $140.2bn raised in 2023.”<\/p>\n <\/div>\n \n \n<\/svg>\n<\/article>\n\n\n\n

Don’t Miss the Next Update<\/h2>\n\n\n\n

Follow us on LinkedIn<\/strong><\/a>, X<\/strong><\/a>, and Facebook<\/strong><\/a> for fresh perspectives and emerging trends from the FinTech world.<\/p>\n\n\n\n\n\n

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\n Ready to Revolutionize FinTech?<\/h2>\n\n\n
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Don’t miss out on world-class expertise.
Contact us to connect with the top 1.6% of FinTech engineering talents.<\/b><\/p>\n <\/div>\n\n \n

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\n Maxi Wandel <\/div>\n
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