Fintech firm Zeta’s valuation climbs to $300M in its first external funding round

Startups looking to expand the reach of financial services continue to receive a nod from investors. Zeta, a fintech firm that runs a full stack neo-banking platform and offers enterprise payments solutions, said today its valuation reached $300 million in its maiden outside funding. Sodexo BRS funded Zeta’s Series C round to take a minority […]

India’s Haptik acqui-hires Los Angeles startup Convrg in international expansion push

Mumbai-based Haptik, which operates a conversational AI platform, has already won several high profile clients in India. Now the five-year-old firm, with newly found significant capital in the bank, is attempting to replicate its success in international markets. On Tuesday, Haptik announced it has acqui-hired Convrg, a Los Angeles-based startup that develops chatbots, to serve customers in […]

Facebook fails to keep Messenger Kids’ safety promise

Facebook’s messaging app for under 13s, Messenger Kids — which launched two years ago pledging a “private” chat space for kids to talk with contacts specifically approved by their parents — has run into an embarrassing safety issue. The Verge obtained messages sent by Facebook to an unknown number of parents of users of the […]

US mobile bank MoneyLion raises $100 million at ‘near unicorn’ valuation

There’s a new fintech startup in the U.S. that is inching closer to the unicorn status. New York City-headquartered MoneyLion, which provides customers both financial advice and access to loans, said today it has raised $100 million in a new round to accelerate its growth in the U.S. market. The Series C round million for […]