October 1, 2025 - 07:37
Light, a cutting-edge finance platform leveraging artificial intelligence, has successfully raised $30 million in a Series A funding round. This impressive amount will support the company's mission to revolutionize financial data processing. With the capability to analyze an astonishing 280 million records in less than a second, Light is setting new standards in the finance sector.
The funding round was led by Balderton Capital, a well-known venture capital firm, and included significant participation from other investors such as Atomico, Cherry Ventures, Seedcamp, and Entrée Capital. In addition to institutional backing, several angel investors have also contributed to this round. Among them are Thomas Wolf, Co-founder and Chief Science Officer of Hugging Face, and Charles Songhurst, who serves as a Board Member at Meta.
This influx of capital is expected to accelerate Light's growth and enhance its innovative offerings, positioning it as a leader in AI-driven financial solutions.
October 2, 2025 - 00:07
Arra Finance Completes Acquisition of Crescent Auto Finance, Strengthening Growth PotentialIRVING, Texas, Oct. 01, 2025 — Arra Finance, LLC, a prominent player in the subprime indirect auto finance sector, has successfully finalized its acquisition of the auto finance division from...
September 30, 2025 - 22:48
Global Finance Reveals the Top 50 Safest Commercial Banks for 2025In a recent announcement, Global Finance has unveiled its prestigious list of the world`s 50 safest commercial banks for the year 2025. This annual ranking is highly anticipated in the financial...
September 30, 2025 - 04:54
New Tariffs Announced by Trump Targeting Softwood Timber and Lumber ProductsIn a significant move, former President Donald Trump has announced a new set of tariffs aimed at softwood timber, lumber, and upholstered products. This decision is expected to have wide-reaching...
September 29, 2025 - 17:55
Ambac Financial Group Finalizes Sale of Legacy Financial Guarantee Operations to OaktreeNEW YORK, September 29, 2025—Ambac Financial Group has officially completed the sale of its legacy financial guarantee businesses to Oaktree Capital Management. This strategic move marks a...