Volta, a new startup with a team split between two headquarters in Milan and Paris, has secured a '6 million pre-seed round ($6.3 million) to develop a new vertical software-as-a-service platform focused on B2B sales. In more practical terms, the Volta team pitches its product as an equivalent to Shopify but focused on B2B transactions. While Shopify, the ecommerce giant that helps people create an online store and easily sell items to consumers, offers a B2B commerce platform, Volta thinks there's value in creating a company specifically focused on the B2B transactions. When they go to trade shows and meet potential clients in their offices, these companies tend to juggle between several versions of their paper catalogs. Depending on the client and the context, they don't want to show the same list of items and prices. That's why Volta wants to simplify the catalog management process. However, the company doesn't want to replace the good old enterprise resource planning system. When a purchase order is signed, the transaction is then processed through the ERP....
' Hey, Linas here! Welcome back to a ' weekly free edition ' of my daily newsletter. Each day I focus on 3 stories that are making a difference in the financial technology space. Coupled with things worth watching & most important money movements, it's the only newsletter you need for all things when Finance meets Tech. Adyen's Q3 2024: premium payments player hits growth speed bump, but long-term thesis remains intact '' [see how premium payments player hits growth speed bump and why long-term thesis remains intact + more bonus reads inside] Mercado Libre's Q3 2024: Latin America's e-commerce giant is trading growth for margins ''' [breaking down their Q3 2024 financials, what they mean, why I'm bullish on MELI 0.00%' & why you should be too] Block's digital payments empire continues to show strong fundamentals and execution excellence ''[deep dive into their Q3 2024 results, unpacking the most important numbers & whether Block is worth your time and money in 2024 and beyond] MoneyLion is a FinTech dark horse that's emerging as the "Amazon of Financial Services" '' [breaking down their latest numbers, what they mean and what's next & whether MoneyLion is worth your time and money in 2024 and beyond]...
Good morning! We're starting another great FinTech week on Tuesday but it's truly worth the wait ' Today we're looking at FIS whose core banking dominance and digital transformation continue to power growth (breaking down their latest key numbers, what they mean & whether FIS is worth your time and money in 2024 + bonus dive into FIS's competitor), and FinTech disruptor Marqeta, which is poised for continued growth (unpacking Marqeta's Q3 2024 financials, what they tell us & what's next). Let's just jump straight into the hot stuff ''...
The aerospace and defense sectors face a pivotal moment as geopolitical tensions rise, labor shortages increase and technological innovation accelerates, driving demand for modernizing military and aerospace operations. Early-stage tech investors are taking note, as funding shifts toward startups that address challenges in automation, digital transformation and supply chain resilience ' each significant for these sectors. Demand for new aircraft, ships and advanced defense systems is a top priority for the Department of Defense. The future of aerospace and defense relies on speed to production and out-maneuvering our adversaries. Utilizing AI/ML in design, simulation and part production as well as autonomous systems and navigation is key to achieving that. The rising interest in aerospace and defense is driven by labor shortages, supply chain disruptions and the sector's critical infrastructure value. Meanwhile, global defense spending continues to increase as nations prioritize modernizing their forces to address new threats....
