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Conduit, a B2B cross-border payments platform, has successfully raised $6 million in funding to expand its services from Latin America into Africa. The company, which has pivoted from a focus on cryptocurrency to traditional banking, aims to tap into the underserved market of cross-border payments for businesses in emerging markets. The platform allows businesses to transact in U.S. dollars, addressing a significant gap in payment solutions for small to large enterprises. In a separate development, Encord has also secured new funding to enhance its data labeling tools for AI, reflecting ongoing investment in technologies critical for AI development.
Encord lands new cash to grow its data labeling tools for AI: https://t.co/8BMgN9BPHX by TechCrunch #infosec #cybersecurity #technology #news
Wow, another thrilling post about data labeling tools for AI! Can't contain my excitement. Check out the latest update on Encord's cash infusion and the crucial role of annotation in AI development. Dive in here: https://t.co/mL7gyK7z9A
Congrats to @kirill_gertman and the whole team at @ConduitPay on their $6M fundraise! Their B2B cross-border payments platform pivoted from crypto to traditional banking and is now making inroads in Africa and LatAm. Businesses on Conduit's platform can pay U.S. dollars…
