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Top related persons:
Plum - 1 — - 1 Victor Trokoudes - 1 fintech Wise - 1 Eurobank - 1 Wise - 1 Harsh Sinha - 1 Kristo Kaarmann - 1
Top related locs:
Greece British London Europe Plum Kaarmann Estonia
Top related orgs:
Eurobank - 1 Service - 1 Business - 1 British - 1 Jefferies - 1 London Stock Exchange - 1

Search resuls for: "fintech Wise"


5 mentions found


☆ Plum, a fintech using AI for money management, just raised a $17.3 million Series B using this 16-slide pitch deck
  + stars: | 2024-07-23 | by ( Callum Burroughs | ) www.businessinsider.com   time to read: +1 min
Plum raises $17.3 million in Series B funding to expand fintech services. Founded in 2017, Plum offers AI-automated saving, bill switching, and investment tools. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPlum, a British fintech startup has raised $17.3 million in Series B funding. Founded in 2017 by Victor Trokoudes, who previously worked at listed fintech Wise, London-based Plum offers AI-automated services like saving, bill switching, and investments directly to users' existing bank accounts.
Persons: Plum, —, Victor Trokoudes, fintech Wise, Eurobank Organizations: Eurobank, Service, Business Locations: Greece, British, London, Europe, Plum
☆ British fintech Wise reports 280% jump in profit as higher interest rates boost income
  + stars: | 2023-11-14 | by ( Ryan Browne | ) www.cnbc.com   time to read: +2 min
British fintech firm Wise nearly quadrupled pre-tax profits in its half-year results out on Tuesday, citing a boost from higher interest rates. Including interest income, the company's total income stood at £656 million for the period, up 58% year-on-year. Wise said that it benefited from higher interest rates, extending a trend from earlier this year where the company was pulling in extra income thanks to interest rate increases. The analysts added that the boost to Wise's results from higher interest income is a "welcome temporary compensation" for slowing core total processed volume, but noted it is "likely unsustainable." Harsh Sinha, Wise's technology chief, recently took the reins from Wise CEO Kristo Kaarmann at the firm's helm.
Persons: Wise, Harsh Sinha, Kristo Kaarmann, Taavet Hinrikus Organizations: British, Jefferies, London Stock Exchange Locations: Kaarmann, Estonia
☆ This startup using AI to help nurses manage their workflow just landed $5.3 million. Check out the 13-slide pitch deck Teton.AI used to raise the funds.
  + stars: | 2023-04-05 | by ( Riddhi Kanetkar | ) www.businessinsider.com   time to read: +2 min
The startup uses AI to improve patient monitoring in hospitals and care homes. Check out the 13-slide deck used to secure the fresh funds. A startup that wants to deploy AI to help address nursing shortages just raised $5.3 million in fresh funds. While Teton's term sheet was completed before the recent frenzy around generative AI, Thorsen noted that it had some impact in the latter part of their fundraising efforts. Check out the 13-slide pitch deck used to raise the fresh funds.
☆ Wise simplifies money transfers with new offerings in the US
  + stars: | 2023-03-02 | by ( ) www.businessinsider.com   time to read: +2 min
The news: Cross-border payments fintech Wise rolled out two offerings in the US and unveiled new branding, per a press release. It introduced Wise Business cards, which connect to Wise accounts and let businesses make cross-border payments at the mid-market exchange rate. Wise also started letting US customers send money through links. But 91% of Wise transfers take less than 24 hours, and about 52% of them are instant, per Wise data. They also reflect Wise’s push to diversify: It doesn’t just offer money transfers anymore—it provides money accounts and tools to simplify spending domestically or internationally.
☆ $6.6 billion fintech Wise accused by rival of harming competition
  + stars: | 2023-01-27 | by ( Ryan Browne | ) www.cnbc.com   time to read: +2 min
Wise has been accused by a rival fintech company of undermining competition in the money transfer market. Atlantic Money, a smaller foreign exchange service, made this allegation in a letter to the U.K. competition watchdog, the Competition and Markets Authority. Atlantic Money said in the letter that it was initially listed by Wise on its website on Oct. 14, 2022. It was later delisted on Jan. 20, 2023, with Wise allegedly telling Atlantic Money it was "no longer deemed a legitimate competitor." We take any complaints very seriously," a Wise spokesperson told CNBC via email, in response to a request for comment on the Atlantic Money letter.
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