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Plug and Play has announced the closure of a $50 million fund focused on fintech and artificial intelligence, aiming to foster innovation and corporate collaboration. The fund will support early-stage startups by providing access to capital, corporate networks, and strategic partnerships, leveraging Plug and Play's global operations across over 60 locations.
The article discusses the impact of artificial intelligence on startups within the fintech and e-commerce sectors, particularly focusing on how companies like Wu and Cathay are adapting and leveraging AI technologies to enhance their offerings. It highlights the evolving landscape of digital finance and commerce, emphasizing the importance of innovation and strategic integration of AI to stay competitive.
Mastercard Start Path has announced the addition of 11 innovative startups to its fintech engagement program, selected for their expertise in areas like AI-driven credit access, circular commerce, and digital payments. These companies aim to address evolving market demands and promote sustainability in commerce, reflecting Mastercard's commitment to supporting scalable technological solutions.
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