VISA LIFTS LID ON $ 100M HONEYPOT
( SAN FRANCISCO , US )
Visa intends to invest US $ 100m in companies that are using Generative AI to build innovative new technologies and applications within commerce and payments . The company has made available the nine-figure fund as part of an initiative led by its corporate investing arm , Visa Ventures .
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METRO BANK GETS FUNDING AT 11TH HOUR
( LONDON , UK )
AIRWALLEX AGREES TO ACQUIRE PSP MEXPAGO
( MEXICO )
Fintech unicorn Airwallex has agreed to acquire MexPago , a PSP based in Mexico . The acquisition will allow Airwallex to enter Latin America , after the firm recorded solid growth in the Americas . It has recently made several senior hires at its regional headquarters in San Francisco .
The UK ’ s Metro Bank has raised £ 325m ( US $ 398m ) in rescue funding to help it avoid becoming the latest banking failure of 2023 . The money will shore up the challenger bank ’ s finances , but there are still questions about the company ’ s insistence on expanding its presence on the high street .
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