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Snap Buys UK Tech Startup Ariel AI, Signaling Push Into AR

PYMNTS

Ariel AI had been concentrating on a type of AI called computer vision, which is used to develop augmented reality (AR) functionalities, CNBC reported. million in investments before the Snap deal, CNBC reported, citing Crunchbase. Artificial intelligence (AI) technology company Ariel AI has been acquired by Snap.

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The Three Stages of Building a Strong Finance Function for Your Startup

The Finance Weekly

A startup usually can't afford to establish a complete finance organization with accountants, controllers, planners, and tax specialists right from the beginning. To establish an effective finance function for a startup, the process can be divided into three stages.

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Getting The Plumbing Ready For Banking-As-A-Service

PYMNTS

It’s what you do with the data, and how you leverage it into new customer-facing offerings that matters. There are a whole range of forward-thinking firms leveraging application programming interfaces (APIs) to issue cards, to create virtual accounts, promote micro-lending and micro-saving and even pay workers — all in bits and bytes. “Our

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 SMB Lending, Automation In B2B VC Focus

PYMNTS

FinTech investments targeting B2B and corporate services spanned the globe, with particular concentration this past week in SMB lending across India and Europe. In Singapore, Aspire , a startup geared toward helping smaller firms access working capital, raised $32.5 FinTech startup ePayRails said it has garnered $2.5

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OrderGroove Funds Frictionless Commerce With $20M Series C

PYMNTS

A bit more than $783 million in investment activity marked last week’s fund flow. The biggest transaction in that space, and, indeed, across all investment activity, came from Ant Financial’s $200 million investment in Kakao Pay was the largest deal. The majority, at 72 percent, came from FinTech.

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Mobike, Masterpass And Riding Toward A Shared Future Of Innovation

PYMNTS

Leveraging mobile payments, GPS- or Bluetooth-tracking, QR code or other mobile-based authentication and auto-locking kickstands, the next generation of bike-sharing companies in China are ditching the dock in favor of letting riders view available bikes nearest them and reserving one on their phones. sometime soon.

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Should Facebook Buy eBay?

PYMNTS

And perhaps the most famous garage startup story ever is that of Bill Hewlett and David Packard and the garage they rented in 1939 to start the electronics company that would later bear their names. Perhaps leveraging its social networks across all of its platforms around a Marketplace model could be one of those logical paths to explore.