Brex, a $12.3 billion corporate card startup, streamlined operations by laying off 20% of employees and adopting a quarterly product release cycle. These efforts have stabilized cash burn and improved product quality.
NPRE reports 53% growth in insurance revenue and a 174% increase in total cash and investments for 2024. Despite AM Best's rating withdrawal, NPRE is engaging with other rating agencies to secure a more accurate assessment. The company remains committed to transparency and long-term success.
R1 and Palantir Technologies launch R37, an AI lab transforming healthcare financial performance. Leveraging R1's extensive data and Palantir's AI, the lab aims to develop intelligent automation solutions for coding, billing, and denials management, with full deployment planned for H2 2025.
Investors shift from Cash ISAs to Stocks and Shares ISAs, with new Cash ISA accounts down 7% over five years and Stocks and Shares ISA value up 37%. Chancellor Rachel Reeves plans ISA reforms, but Stocks and Shares ISAs remain popular despite delays.
UAE's Sheikh Tahnoon bin Zayed leads Gulf Business's 2025 power list, representing a new era of state-sponsored tech investment and global capital influence
Recharge purchases Giftcloud from Groupon, expanding into B2B digital rewards business. Giftcloud is profitable with millions of transactions processed, which makes the UK Recharge's third-largest market. The purchase follows Recharge's €45M acquisition facility with ABN AMRO.
