Want more fintech news in your inbox? Sign up here. Credit card giant Visa is acquiring Brazilian payments infrastructure startup Pismo for $1 billion in cash in what is likely one of the largest fintech M&A deals taking place this year so far. Founded in 2016 by Juliana Motta (CPO), Ricardo Josua (CEO), Daniela Binatti […]
Visa acquires Brazilian fintech startup Pismo in $1B blockbuster deal by Mary Ann Azevedo originally published on TechCrunch
Just over one year ago, spend management decacorn Brex declared that it was “less suited to meet the needs of smaller customers” in an announcement that caused shock waves in the startup community. While Brex soon clarified that by smaller customers it meant small to medium-sized businesses and non-funded startups, the move still felt like […]
Brex refocuses on startups with hire of SVB veteran, ex-a16z partner by Mary Ann Azevedo originally published on TechCrunch
David Lazovsky and Preet Virk, technologists with backgrounds in semiconductor engineering and photonics, came to the joint realization several years ago that AI and machine learning workloads would quickly encounter a “data movement” problem. Increasingly, they predicted, it would become challenging to move data to and from compute hardware as AI models scaled past what […]
Celestial AI raises $100M to transfer data using light-based interconnects by Kyle Wiggers originally published on TechCrunch