Daloopa Secures $13M, Ramp Raises $500M, and AI in Finance Booms

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Welcome to this week's edition of Finance AI Weekly.

This week, we have a range of exciting developments in the world of AI in finance. Daloopa has secured a $13 million investment to enhance its AI-ready data platform, integrating with Anthropic’s Claude for financial services. Meanwhile, Octane and Avalanche have introduced an AI-powered security integration to bolster Web3 development by embedding vulnerability detection into development workflows.

In other news, Ping An Insurance has appointed Ray Wang as Chief Technology Officer to drive digital transformation in financial services and health care. Additionally, DataSnipper has partnered with Microsoft to incorporate AI agents into audit workflows, aiming to boost productivity in the audit and finance sectors. Stay tuned for more updates on how AI continues to shape the financial landscape.

Daloopa Raises $13 Million for AI Financial Data Platform

Daloopa, an AI-driven financial data platform, has secured $13 million in funding led by Pavilion Capital to enhance its Model Context Protocol (MCP) and improve financial data quality for public companies. Read more

Octane and Avalanche Introduce AI Security for Web3

Octane and Avalanche have launched an AI-powered security integration to enhance Web3 development by embedding vulnerability detection directly into development workflows. Read more

Ping An Insurance Appoints Ray Wang as CTO

On July 29, 2025, Ping An Insurance announced Ray Wang as their new Chief Technology Officer, aiming to boost their digital transformation with his AI expertise. Read more

DataSnipper and Microsoft Partner for AI in Audits

Amsterdam-based unicorn DataSnipper has teamed up with Microsoft to integrate AI agents into audit workflows, aiming to enhance productivity and streamline processes in the audit and finance sectors. Read more

Standard Chartered and Alibaba Partner for AI in Finance

Standard Chartered and Alibaba Group have formed a strategic partnership to boost AI adoption in financial services, utilizing Alibaba Cloud's technology to enhance various operational aspects. Read more

Pastel Hosts Forum on AI Compliance Amidst Fraud Concerns in Nigeria

In Lagos, Pastel convened financial leaders to address the rise in fraud losses, emphasizing the need for AI-driven compliance solutions. The event introduced Pastel's AI platform, Sigma, aimed at improving transaction monitoring and regulatory compliance. Read more

Bipartisan Bill Introduced to Boost AI in Financial Services

On July 30, 2025, a bipartisan group of lawmakers introduced the Unleashing AI Innovation in Financial Services Act to promote AI use in financial services through regulatory sandboxes. Read more

AgentSmyth Partners with StavMarket for AI Trading Expansion

AgentSmyth, an autonomous trading platform, has partnered with StavMarket to increase the adoption of its AI-driven trading intelligence among institutional investors. Read more

Novee AI Raises £1.6m for AI Risk Assessment Platform

Novee AI has secured £1.6m in pre-seed funding to enhance its AI-powered platform for commercial and specialty insurance underwriting. The investment aims to improve efficiency in processing broker submissions by developing an AI intelligence layer. Read more

Pear Protocol Launches with Hyperliquid and Raises $4.1M

Pear Protocol has launched its integration with Hyperliquid and secured a $4.1 million funding round led by Castle Island Ventures to expand its offerings. Read more

OffDeal Raises $12 Million for AI Investment Banking

OffDeal, an AI-native investment bank, has secured $12 million in Series A funding led by Radical Ventures. The funding will help streamline sell-side M&A for lower middle-market companies using AI technology. Read more

Sage Acquires Fyle for Expense Automation

Sage has acquired Fyle, a US-based provider of AI-driven expense management software, to enhance its automation capabilities. The acquisition aims to improve operational efficiency for small and medium-sized businesses. Read more

Riyadh Bank's Jeel and zypl.ai Partner for AI in Digital Banking

Jeel, part of Riyadh Bank, and zypl.ai have signed an agreement to use AI and synthetic data to enhance digital banking services in Saudi Arabia. Read more

Caspian Raises $5.4M for AI Trade Platform

Caspian, a San Francisco-based AI customs compliance startup, has secured $5.4 million in seed funding to launch its AI trade advisory platform, aimed at automating duty drawback and trade advisory services. Read more

Catena Labs Appoints New Chief Legal and Business Officer

Catena Labs has appointed Sharda Caro Del Castillo as its Chief Legal and Business Officer, bringing her extensive experience to aid in the company's legal and business strategies. Read more

Ramp Secures $500 Million to Boost AI in Finance

Ramp has raised $500 million in a Series E-2 funding round, reaching a valuation of $22.5 billion. The company plans to use the funds to enhance its AI capabilities in financial operations. Read more

Plutus Technology Solutions Launches with Moneta Ventures Support

A new company, Plutus, has been launched by former ServiceNow leaders to provide AI solutions for the insurance industry, with backing from Moneta Ventures. Read more

Bermuda Monetary Authority Releases AI Use Discussion Paper

The Bermuda Monetary Authority has published a discussion paper on the responsible use of AI in the financial services sector, seeking regulatory clarity and stakeholder feedback to balance innovation with risk management. Read more

Ceedar AI Bookkeeping Startup Raises $200,000

Ceedar, an AI-powered bookkeeping startup, has secured $200,000 in funding from Metalab Ventures and converted some customers into investors. The company plans to expand its services into the U.S. market. Read more

Saphyre Secures $70 Million Investment from FTV Capital

Saphyre, an AI-powered software platform, has received a $70 million growth equity investment from FTV Capital to enhance product innovation and market expansion. Read more

Zap Consulting Reports Record Growth with AI and Partnerships

On August 1, 2025, Zap Consulting announced record growth due to new partnerships with insurance carriers and its AI platform, Zap-Scan, which improves claims assessment efficiency. Read more

Keye Launches AI Platform for Private Equity

Keye has introduced an AI platform designed to improve private equity due diligence, backed by $5 million in seed funding. The platform aims to streamline investment decisions by automating analysis and providing structured insights. Read more

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Daloopa Secures $13M, Ramp Raises $500M, and AI in Finance Booms - Finance AI Weekly #26

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