Search results for Brex
AI & Enterprise
Sierra acquires France AI startup Fragment
Customer-service AI agent startup Sierra has acquired French startup Fragment, TechCrunch reported on April 23 local time. Fragment helps companies integrate AI into their work flows. The terms of the deal were not disclosed. PitchBook estimates Fragment raised about $2 million in a seed round. The transaction is Sierra’s third disclosed acquisition. Sierra also bought Japan’s Opera Tech and voice-agent company Receptive AI in late March.
Industry
Coupang board draws attention after Trump taps its outside director as next Fed chair
Coupang’s board is in the spotlight after U.S. President Donald Trump nominated outside director Kevin Warsh as the next Federal Reserve chair. The company told the SEC its board has eight members spanning U.S. politics, finance and Silicon Valley. Warsh holds 444,126 Coupang shares and receives RSUs. Green Oaks founder Neil Mehta is a long-serving director, while Green Oaks has filed an investment dispute notice against South Korea.
Finance
Banks-fintech boundaries blur as Korean online banks expand territory
The line between banks and fintech firms is fading as Capital One moves to buy B2B fintech Brex. Banks are buying companies to secure AI-based financial automation, while fintechs pursue banking licences to provide services directly. In South Korea, embedded finance is spreading as banks integrate services into apps and platforms. Competition among internet-only banks is also heating up ahead of an online loan-refinancing service for sole proprietors.
