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Productfy raises $16M to build the ‘Shopify of embedded finance’

TechCrunch

a banking-as-a-service (BaaS) platform that aims to build “DeFi for traditional finance,” has raised $16 million in a Series A round of funding led by CM Ventures. From a product architecture standpoint, Productfy has been built “from the ground up,” he said, to operate with multiple banking partners. Productfy Inc. ,

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7 investors reveal what’s hot in fintech in Q1 2023

TechCrunch

However, it appears that even though VCs are proceeding more cautiously than before and taking their time with due diligence, they are still investing. Private market valuations, at any point in time, are not only a reflection of a team’s hard work and progress, but are also impacted by the financing environment.

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‘Knowledge-as-a-service’ platform Lynk announces collaboration with UBS

TechCrunch

The collaboration means the banking giant’s research analysts and institutional clients, including hedge funds, private equity firms and sovereign wealth funds, will have access to Lynk’s database of 840,000 experts around the world. Lynk’s technology uses machine learning algorithms to match clients with experts in its database.

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Daily Crunch: After buying Twitter, will Musk bite back at Apple’s in-app purchase fees?

TechCrunch

99 Twitter problems, and Apple might have one : It’s no secret that Elon Musk thinks Apple’s 30% IAP (“inventor assistance program” to those of us not up on tech lingo) transaction charge to developers is “a lot.” OTI raises $55 million for technology to remove screen obstructions. Big Tech Inc. The TechCrunch Top 3.

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Flippa raises $11M to match online asset and business buyers, sellers

TechCrunch

He considers Flippa to be “the investment bank for the 99%,” of small businesses, providing an end-to end platform that includes a proprietary valuation product for businesses — processing over 4,000 valuations each month — and a matching algorithm to connect with qualified buyers.

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CrowdStrike incident has CIOs rethinking their cloud strategies

CIO

“The outcome of the review may still be the same decision but necessary to review,” Gupta said, adding that DishTV is already re-evaluating its cloud strategy in a phased manner after the Crowdstrike incident. Organizations and CISOs must review their cloud strategies, and the automatic updating of patches should be discouraged.

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Bud Financial helps banks and their customers make more informed decisions using AI with DataStax and Google Cloud

CIO

For banks, data-driven decisions based on rich customer insight can drive personalized and engaging experiences and provide opportunities to find efficiencies and reduce costs. Organizations must ensure their technology stack can handle immense data flow. In today’s business landscape, data volumes can explode rapidly.