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Small Business Outlook: Capital, Costs, and GenAI | Shruti Patel, U.S. Bank
Shruti Patel, who leads business banking at U.S. Bank, walks through highlights from their third […]
Farsight Raises $16M in Funding, Announces Series A to Automate Financial Workflows and Decision-Making
Farsight, the pioneering technology company transforming workflows and insights at financial institutions, today announced its Series A fundraise and $16M in capital raised. Working with leading firms across investment banking, private equity, hedge funds, and wealth management, Farsight empowers companies to automate and customize workflows, seamlessly add integrations, and develop bespoke features tailored to their enterprise-specific challenges.
This round was led by SignalFire, with participation from RRE Ventures, Link Ventures and K5 Ventures as well as contributions from many strategic angel investors at firms including Blackstone, Oaktree, Searchlight, Bank of America and more. The funding will be used to continue advancing Farsight's industry-leading solution and rapidly scale its team, while expanding its network of partners and customers.
Co-founded by MIT graduates Samir Dutta, Noah Faro, and Kunal Tangri, Farsight is reimagining how financial institutions operate—tackling not just inefficiency, but enabling sharper execution and unlocking new business opportunities. Although some estimates show that over 40% of finance tasks could be automated, many junior and mid-level employees continue spending time on manual, repetitive work. This inefficiency delays the creation of valuable insights and prevents teams from focusing on strategic decision-making.
"Finance has been trapped in an endless cycle of inefficient processes that waste billions annually and contribute to high employee turnover," said Samir Dutta, Co-Founder and CEO of Farsight. "At Farsight, we're solving a systemic problem—not just by automating tasks like CIM generation and DCF modeling to boost productivity and accuracy, but by empowering teams to execute faster, seize more opportunities, and bring more strategic value to the table. By freeing talent from the drudgery of manual work and surfacing new actionable ideas, we enable firms to operate with greater agility, win more deals, and scale intelligently."
Farsight's technology stands apart due to its ability to execute complex workflows directly within the existing behavior patterns of users. The outcomes speak for themselves: in 2024, Farsight experienced record growth, with revenue increasing tenfold and the customer roster expanding 5x.
"As recovering investment bankers ourselves, we immediately saw the power of Farsight to save countless all-nighters," said Wayne Hu, Partner at SignalFire. "Samir, Noah, and Kunal combine a unique blend of AI, security and trust, and deep user empathy themselves to build the end to end workflow, datasets, and controls needed to actually bridge the last mile problem for analysts across the finance sector and generate the self-reinforcing feedback loops to continually improve."
Sedric Partners with HSBC Innovation Banking to Accelerate Global Growth
Sedric announced it has secured a strategic venture loan from HSBC Innovation Banking
Global Investors Gather at London’s Guildhall to Rethink the Emerging Markets Narrative
On Thursday 5 June, Aubrey Capital Management (“Aubrey”) and LarrainVial hosted a high-level investment seminar in London, bringing together investment professionals, economists, policymakers and clients to examine how shifting global power dynamics are reshaping the investment opportunity in Emerging Markets.
Noah: Wiring the World for the Stablecoin Revolution with $22m Seed Funding
The future of global finance is being rewritten. Today, Noah announces a $22 million Seed funding round to build the definitive infrastructure for the burgeoning Stablecoin Revolution. Its mission: to forge a truly global, payment network so intuitive and inclusive that sending money across borders is as easy as sending a text.
Nova Talent Raises €3.2M Led by CDP Venture Capital to Fuel International Expansion and Develop Its AI-powered Platform
Nova, the global professional network where access is based on merit and talent, has raised €3.2 million in a funding round led by CDP Venture Capital, through the ServiceTech segment of its Corporate Partners I Fund. The round also saw participation from BY Venture Partners and angel investors from the Doha Tech Angels network. This fund will support Nova’s international expansion and growth, strengthen its operations in Italy and abroad, and accelerate the development of its technology, with a particular focus on artificial intelligence.
Teal Raises £1.4 Million to Transform Credit Checks With Real-time Payroll Data
Teal, the payroll data platform building financial data solutions for the credit industry, has raised £1.4 million in pre-seed funding led by Passion Capital, with participation from ACF Investors, K Fund and prominent angel investors from notable fintechs such as Plaid and Checkout. The funding will be used to bring instant income and employment verification to millions across the UK.
Japfa Ltd Secures USD 150 Million Sustainability-linked Loan From DBS and Rabobank; Affirms Its Commitment to Environmental and Social Goals
Japfa Ltd (“Japfa” or, together with its subsidiaries, the “Group”), a leading industrialised agri-food company, has successfully closed a USD 150 million sustainability-linked loan (SLL) facilitated by DBS Bank and Rabobank as joint sustainability coordinators. This milestone highlights Japfa's steadfast commitment to sustainable business practices and further cements the Group’s track-record in sustainability financing transactions. This marks the first time Japfa has included social key performance indicators (KPIs) in a sustainable finance instrument, reflecting its holistic approach to sustainability.
UK Start-Up CurveBlock Secures Major Grant from Kadena to Revolutionise Real Estate Investment Through Blockchain
CurveBlock, a UK-based proptech start-up pioneering sustainable real estate investment, has secured a $400,000 grant (approximately £298,000 GBP) from Kadena, a leading Proof-of-Work L1 blockchain, as part of its $25 million RWA grant program. Launched earlier this year alongside Kadena’s RWA Token Standard, this grant program is dedicated to accelerating the adoption of compliant asset tokenization on Kadena’s blockchain infrastructure.
United Arab Bank PJSC Launches Strategic Rights Issue to Raise up to AED 1.03 Billion
United Arab Bank PJSC ("UAB"), listed on the Abu Dhabi Securities Exchange (ADX) announced that it proposes to increase its issued share capital by an amount up to AED 1,031,275,325 (one billion thirty-one million two hundred seventy-five thousand three hundred twenty-five dirhams) from AED 2,062,550,649 (two billion sixty-two million five hundred fifty thousand six hundred forty-nine dirhams) up to AED 3,093,825,974 (three billion ninety-three million eight hundred twenty-five thousand nine hundred seventy-four dirhams) by way of the Rights Issue offered to the existing shareholders of the Bank. Further, United Arab Bank has published an invitation to its shareholders (the "Invitation") to subscribe for New Shares. Frequently asked questions relating to the Rights Issue will be made available on UAB’s website (http://www.uab.ae/) on or around today's date.
OakNorth Completes £7.5m Revolving Credit Facility to Aberdeenshire-based, Livestock Feed Manufacturer, Harbro, to Support Future Growth
OakNorth, the leading digital bank for entrepreneurs, by entrepreneurs, has provided a £7.5m revolving credit facility (RCF) to leading livestock feed manufacturer, Harbro.
Scalable Capital Receives €155 Million and Continues to Expand Its Digital Investment Platform
Scalable Capital has successfully completed a funding round, raising €155 million
Nomupay Raises $40m From Softbank to Unlock Key Japanese Market
Nomupay has entered into a significant partnership with Japanese payments solution firm SBPS in a deal worth $40m, at a $290m valuation.
Stitch Secures $10 million In Funding To Simplify Banking And Payments Innovation
Stitch (www.stitch.sa), the unified platform for launching and scaling financial products, today announced the successful closing of a $10 million seed round.
Vontive Unveils Its $150M Revolving Securitization and Adds Citi as Equity Investor
Vontive, the technology company standardizing the business-purpose mortgage, today announced an equity investment from Citi
Uplinq Secures $10 Million Series A to Revolutionize AI-Powered Bookkeeping and Tax Solutions for SMBs
Uplinq announced the closing of a $10 million Series A funding round.
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