Search results for Deel
Crypto
Augustus raises $180 million led by Tiger Global, CEO says
Venture capital firm Tiger Global led a $180 million Series B funding round for banking startup Augustus, with Hummingbird, QED and founders of Nubank, Ramp, Circle and Deel also taking part. The company was valued at $1 billion. Augustus plans to use the funds to expand services for fintech firms and banks in Latin America, Southeast Asia, the Middle East and Africa. CEO Ferdinand Davitz said the company aims to improve access to dollars abroad.
Crypto
Stripe, Visa, Mastercard, Coinbase form alliance to issue new stablecoin, check Tether and Circle
Stripe, Visa, Mastercard and Coinbase are pushing to form a consortium to issue a new stablecoin, The Information reported, citing sources familiar with internal discussions. The report said the four companies are assembling the consortium to challenge the dominance of Circle and Tether, which it said account for 80 percent of the stablecoin market. The new stablecoin would comply with the Genius Act, a stablecoin regulation bill passed in the United States last year.
AI & Enterprise
Big Tech stirs on personal AI agents as SaaS-pocalypse wavers
Competition over AI agents is intensifying across the tech industry, with big tech accelerating work on personal AI assistants and platforms to manage enterprise agents. Microsoft has launched Agent 365, while ServiceNow and AWS expanded a partnership on agent governance and development tools. Shares of enterprise software firms have recently recovered amid talk of companies breaking through the “SaaS-pocalypse” narrative. The article also rounds up moves by OpenAI, Anthropic and others.
