Fintech
Latest news, analysis, and insights about Fintech.
Rillet Funding Reveals Why AI Accounting Is Coming for Legacy ERP
Rillet has become a unicorn just two years after emerging from stealth, raising $100 million from ICONIQ Capital, Andreessen Horowitz, and Sequoia Capital. Its rapid ascent shows investors believe AI-native accounting software can pry open a market long controlled by legacy ERP vendors.
How AI Financial Advice Is Reshaping Wealth Management—And the Prompting Gap That Limits It
A landmark study from the MIT Sloan School of Management shows that generative AI models deliver financial advice that rivals human planners. However, the quality of this advice hinges entirely on prompt engineering.
Why Stripe is buying OpenRouter to control the AI agent billing economy
Stripe is reportedly in talks to acquire OpenRouter for $10 billion, marking a massive strategic consolidation of AI model routing and micro-billing infrastructure.
Basis AI Raises $100M to Replace Back Offices
Basis has raised $100M at a $1.15B valuation to build autonomous AI agents that execute complex accounting workflows end-to-end. With 30% of the top 25 US accounting firms already on its platform, the startup's rise signals a fundamental shift from AI copilots to AI replacements in professional services.