Press Releases
Unison Energy, LLC, a turnkey microgrid provider headquartered in Greenwich, Connecticut, announced on June 17, 2024, its acquisition by Tiger Infrastructure Partners, a middle market growth infrastructure investor. The acquisition expands Tiger's energy transition portfolio and represents the final platform investment from its Fund III, which closed at $1.25 billion in early 2022. Unison designs, builds, owns, and operates microgrids for commercial and industrial customers across North America, with approximately 30 projects in operation or under signed Energy Service Agreements.
The report "CloudBolt Industry Insights: Focus on FinOps - The Alignment Paradox," jointly released by CloudBolt Software and Wakefield Research, is based on a survey of 900 FinOps leaders, practitioners, DevOps/engineering, and IT executives in North America. It reveals the growing divide between FinOps and DevOps/engineering teams, as well as challenges related to cloud cost responsibility attribution and the speed from insight to action.
Fintech company Marco recently provided a $20 million factoring facility to a New York-based export company to support its cross-border business growth. The transaction reflects Marco's continued growth and enhanced capabilities in trade financing for small and medium-sized enterprises.
Industry Dive has expanded its self-service offerings with a new event promotion tool, enabling companies to distribute event details across its 37 publications. The tool supports conferences, trade shows, webinars, and virtual events, with features for scheduling and visibility in sidebars, dedicated event pages, and daily newsletters. VP of Product Megan McCoskey highlighted the company's commitment to empowering business professionals.
Fin+AI 2024, the premier conference at the intersection of financial technology and artificial intelligence, has announced its second wave of speakers. The event, scheduled for October 2-4, 2024, at Le Méridien in Dania Beach, Florida, will feature industry leaders from organizations including JPMorgan Chase, Visa, Citi, PayPal, and the U.S. Chamber of Commerce. The conference will address key topics such as risk management, fraud prevention, AI-driven personalization, and the future of wealth management.
DeshCap has officially entered the U.S. market, positioning itself as an independent commercial insurance advisor separate from insurance brokers. According to its released data, in the second quarter of 2024, online inquiries from U.S. management for independent commercial insurance advisors increased by 35% year-over-year, and the U.S. ranked among the top five globally in inquiry volumes related to operational risk, liability risk, and employee fraud risk. DeshCap offers services such as policy wording optimization, compliance enhancement, and cost reduction, and supports retaining existing brokers or switching through an RFP process.
The 2024 CFO survey jointly released by Tipalti and CFO Dive shows that 60% of financial executives believe their organizations are ready to implement AI tools, but only 35% actually use AI in finance functions. 72% of respondents reported facing resource constraints in 2024, and 84% believe manual tasks still consume too much time. The report emphasizes that CFOs adopting a value-creation mindset are more likely to achieve organizational goals.
Centime, a cash management platform, has integrated with American Express via the Sync Commercial Partner Program. This collaboration allows businesses to generate virtual cards for B2B vendor payments, optimize cash flow, and earn rewards on eligible cards. The integration enhances payment control and visibility for users.
Personiv released its CFO Pulse report on August 6, 2024, indicating that the accounting talent shortage continues to worsen, with 83% of senior leaders acknowledging the shortage (up from 70% in 2022). The report is based on a survey of 278 U.S. finance and accounting leaders across more than 20 industries and explores coping strategies such as outsourcing and AI adoption.
Fintech company Marco recently approved factoring credit lines for three Canadian HR services firms, one of which increased its line from $500,000 to $1.1 million, helping them optimize cash flow and scale operations.