AI & Blockchain
The fintech industry continues to attract significant investment as companies develop cutting-edge solutions in payments, revenue management, and AI-driven financial automation. For a minute there in 2024, it seemed that blockchain investing went out of style, and AI was everywhere. However, with the new administration’s interest and support of the blockchain industry, it does feel like we are once again seeing more deals in the sector. AI also continues to rule in VC funding – whether in finance and fintech (which we report on here) or in other sectors such as healthcare, manufacturing, etc
This week’s top five venture capital deals reflect a strong interest in three sectors in particular…
- Blockchain-based money movement (as mentioned above),
- Revenue lifecycle management, and
- AI-powered digital workers. Uh oh, here it comes, more job replacement of humans by AI! This started long ago and it certainly seems to be continuing “on trend”. Better brush up those new skill sets, EVERYBODY!
Up next are this week’s top 5 VC deals…
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Freedx
- Location: Not specified
- Description: Freedx is a newly launched cryptocurrency exchange aiming to transform digital asset trading with an innovative approach to liquidity and security.
- Funding Amount: $50M
- Funding Round: Funding round not specified
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Anchor
- Location: New York City, NY
- Description: Anchor offers an autonomous billing and collections platform designed to streamline financial operations and reduce manual invoicing inefficiencies.
- Funding Amount: $30M
- Funding Round: Series A
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Nue
- Location: San Francisco, CA
- Description: Nue provides a revenue lifecycle platform that enables businesses to optimize their billing, pricing, and financial workflows for greater efficiency and transparency.
- Funding Amount: $20M
- Funding Round: Series A
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Cedar Money
- Location: New York City, NY
- Description: Cedar Money facilitates seamless cross-border payments using stablecoins, enhancing financial inclusion and efficiency in global transactions.
- Funding Amount: $9.9M
- Funding Round: Seed
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TeamSec
- Location: Dubai, UAE
- Description: TeamSec is an AI-powered SaaS provider offering a Securitization-as-a-Service platform to modernize structured finance operations.
- Funding Amount: $7.6M
- Funding Round: Funding round not specified
This post was written by DWN staff with the assistance of ChatGPT, utilizing data from FinSMEs
