The Royce Funds

BLOCKCHAIN

CloudWalk | June 28, 2022

CloudWalk, a Brazilian fintech company that offers payment solutions for small and medium-sized businesses, has reached a new milestone: it will launch its own blockchain, a ledger that records cryptocurrency transactions and operations. This announcement comes just seven months after CloudWalk announced it had raised US$150 million in a new investment round and had reached a market valuation of US$2.15 billion. To grow the business is the objective, which has already been accompl...

FINANCIAL MANAGEMENT

SparkCognition, AIM2 | February 24, 2021

SparkCognition announced that it agreed to acquire AIM2 from hedge fund management company Brevan Howard and global investment bank Nomura. Being the world's leading industrial artificial intelligence (AI) company, SparkCognition aims to expand further into financial services and with more capabilities in the future. SparkCognition has also executed contracts with both Brevan Howard and Nomura. They will allow SparkCognition to expand its AI capabilities and meet the needs of ...

FUNDING

Circle | June 01, 2021

Circle has today announced that it has secured $440 million in funding from major institutional and strategic investors, a worldwide financial technology company offering payments and treasury infrastructure for Internet businesses. The funding is the source of continuous growth, organisational development and expansion potential for the firm among the top ten in private fintech investments. As a Chief Strategy Officer, and Head of Global Policy (CSO), Jeremy Fox-Geen, Chief Finan...

FTV Capital | June 24, 2020

Derivative Path, Inc. (DPI), a leading capital markets financial technology and services company, announced today that it has secured $35 million in growth equity funding from FTV Capital, a successful investor in innovative, high-growth companies within the enterprise technology and services, financial services, and payments and transaction processing sectors. The investment is DPI’s first outside institutional round and will be used to expand its product offerings and help accelerate the...