Search results for Nubank
AI & Enterprise
AI costs rise, boosting startups that optimize AI spending
PointFive, a startup that optimises AI cloud costs, has raised $60 million in a funding round led by Accel, the Wall Street Journal reported. The company was valued at about $500 million. Founded in 2023, PointFive helps companies identify and reduce unnecessary AI-related cloud spending and suggests cost-cutting steps such as using cheaper AI models. CEO Alon Arvatz said waste can reach millions of dollars annually at large firms.
Crypto
Tempo launches mainnet, unveils machine payments protocol with Stripe
Tempo, a payments blockchain co-developed by Stripe and venture capital firm Paradigm, has launched its mainnet, The Block reported on March 18. The project introduced a Layer 1 blockchain designed for large-scale payment processing and an open machine-to-machine payments protocol developed with Stripe. Tempo also unveiled a payments directory listing more than 100 service providers. Tempo was previously released on testnet in December and raised $500 million in a Series A round in October at a $5 billion valuation.
Crypto
Latin American fintech Nubank wins conditional approval to set up U.S. national bank
Latin American fintech firm Nubank has won conditional approval to establish a U.S. national bank, Cointelegraph reported on Jan. 30. The approval would allow it to offer services including deposits, lending, credit cards and digital-asset custody in the United States. Nubank must secure further approvals from the FDIC and the Federal Reserve to begin formal operations and plans to start within 18 months.
