
Seed Funding
Stitch Labs, a startup that helps small businesses manage their inventory, orders and shipping, has raised USD1m in seed backing from True Ventures in its first funding round. The company is using the funding for product development, marketing and taking on new staff. The company makes a dashboard that allows business owners to manage orders, payment, and many other aspects of their operations, from USD12 a month for a single-person businesses up to a monthly fee of USD80 for larger companies.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more