Global Processing Services adds $100M to its coffers to grow its embedded finance and API payments platform

Embedded finance continues to be the engine driving the growth of fintech, with one group of companies building core banking, payments and other financial technology, and a much bigger group tapping that technology through APIs to build customer-facing businesses. Today, one of the bigger players on the core technology side — Global Processing Services — […]

Autonomous driving startup Deeproute.ai prices L4 solution at $10,000

Deeproute.ai, an autonomous vehicle startup with offices in Shenzhen and Fremont, California, unveiled an ambitious self-driving solution on Wednesday. The package, named DeepRoute-Driver 2.0, is a production-ready Level 4 system that costs approximately $10,000. The price tag is incredible given the hardware used: five solid-state lidar sensors, eight cameras, a proprietary computing system, and an […]

Google and Temasek back Indian neobank Open in $100 million funding

Google has invested in Bangalore-based Open, becoming the latest high-profile investor to back a neobanking platform. Open said on Tuesday it has raised $100 million in a Series C financing round. Singapore’s sovereign wealth fund Temasek led the round, and Google and Japan’s SBI Investment (not to be confused with SoftBank or India’s SBI bank) […]

Apeel bites into another $250M funding round, at a $2B valuation, to accelerate fresh food supply chains

Apeel developed a plant-based layer for the surface of fruits and vegetables, that is tasteless and odorless, and keeps moisture in, while letting oxygen out.

India’s ShareChat valued at $2.88 billion in $145 million fundraise

Indian social media platform ShareChat said on Tuesday it has raised an additional $145 million and is now valued at nearly $3 billion, less than three months after it secured $502 million at a valuation of $2.1 billion. Temasek and Moore Strategic Ventures led the new tranche of investment while Mirae-Naver Asia Growth fund participated in […]