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Startup News
Eu-Startups
4w
253
German FinTech startup NaroIQ raises €5.8 million to establish European fund infrastructure
- German FinTech startup NaroIQ raises over €5.85 million in Seed financing round led by VC investor Magnetic and FinTech VC Redstone.
- The funding aims to expand NaroIQ's digital fund infrastructure, enabling companies to launch and manage ETFs and funds more efficiently.
- NaroIQ addresses the shift towards ETFs replacing mutual funds with a technological solution to level the playing field for smaller fund providers.
- Founded in 2022, NaroIQ focuses on democratizing access to the ETF and fund market through its modular technology platform.
- The startup aims to offer European alternative to the US-dominated ETF landscape by reducing costs and improving digital capabilities for fund providers.
- Outdated manual processes in the European fund market hinder innovation and broader market access, leading to asset concentration among a few providers.
- NaroIQ's digital infrastructure platform reduces costs and time-to-market for launching and managing ETF and fund products.
- The European UCITS and AIF market, representing €22.9 trillion in assets, requires greater digitalization for efficiency and cost reduction.
- NaroIQ's approach aligns with market demand for flexible, digital solutions to decrease operational costs and drive innovation.
- The company plans to invest the raised capital in technical development and regulatory licensing for partner integrations.
- NaroIQ aims to close the gap in the European ETF market dominated by a few players by providing a resilient and high-performance fund infrastructure.
- The funding round was supported by existing VC investors like General Catalyst to propel NaroIQ's support for smaller fund providers entering the market.
- The company's API-first and cloud-native platform is designed to enhance efficiency, real-time transparency, and cost savings in fund servicing.
- NaroIQ's focus on digital solutions highlights the need for innovation to address the disconnect between asset growth and profit margins.
- The startup plans to drive the next wave of innovation in fund servicing across Europe and beyond with its modular technology platform.
- NaroIQ's vision includes delivering a powerful European ETF administrator to balance the dominance of US-based issuers in the market.
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AllTopStartups
4w
355
Image Credit: AllTopStartups
5% of Finance Questions Miscalculated by ChatGPT: Expert Advises Caution
- A recent study revealed that ChatGPT fails 35% of finance questions, sparking concerns about its reliability as a financial advisor.
- Many U.S. adults have become overly dependent on ChatGPT for work-related guidance, indicating a reliance on AI for important matters.
- Indusface, an application security firm, explored the over-sharing of personal and professional data with Large Language Models (LLMs), urging caution.
- Common mistakes include sharing work files like reports and presentations with ChatGPT, with 11% being strictly confidential data.
- Passwords and access credentials should not be shared with LLMs, as they lack a focus on confidentiality and may retain sensitive information.
- Sharing personal details such as name, address, and photos can make individuals vulnerable to fraud and deepfake creation, potentially leading to reputation damage.
- AI literacy is crucial to mitigate risks associated with sharing personal and professional information with LLMs.
- While LLMs can help in explaining financial topics, they are not ideal for business financial decisions due to their limitations in numerical literacy.
- Sharing company codebases with AI platforms can pose security risks by exposing intellectual property and trade secrets to external entities.
- It is advised to be cautious and avoid sharing sensitive information with AI models like ChatGPT to prevent potential risks and breaches.
- Proper understanding and education about AI applications are essential for businesses to navigate the challenges posed by technology advancements.
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Inc42
4w
133
Image Credit: Inc42
Google Launches Safety Charter To Protect Indians From Online Fraud, Deepfakes
- Google has launched a Safety Charter in India to enhance AI-led fraud detection and tackle digital scams.
- The Safety Charter prioritizes user safety, cybersecurity for government and enterprise infrastructure, and responsible AI.
- Google stated that AI is closing the gap between attackers and defenders by securing its products and investments.
- In the past year, Google removed 247.4 Mn ads and suspended 2.9 Mn advertiser accounts in India.
- Top ad policy violations in India included financial services, trademark misuse, ad network abuse, personalized ads, and gambling content.
- India saw 13,384 cyber fraud cases involving INR 107.21 Cr between April and December 2024.
- Enterprises like Zoomcar have faced cybersecurity breaches compromising data of millions of users.
- Google's Safety Charter aims to mitigate online fraud and deepfakes, enhancing user protection in India.
- The story will be updated with further information.
- The news was originally reported by Inc42 Media.
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Startup Pedia
4w
2.3k
Image Credit: Startup Pedia
No project? No pay hike from now on! TCS mandates new deployment policy for employees
- TCS has implemented a new deployment policy mandating a minimum of 225 business days of billing annually with a reduced bench time of 35 days per year.
- The policy requires associates to seek assignments actively or face career repercussions.
- Associates need to be allocated for a minimum of 225 business days in the last 12 months to comply with the new policy.
- Non-allocation may result in adverse impacts on compensation, promotions, overseas postings, and job continuity.
- Employees must engage with regional RMG and pursue suitable opportunities proactively as per the new policy.
- Associates without project allocations must spend 4-6 hours daily on learning platforms and complete training modules to remain deployment-ready.
- New employees should be assigned to projects on their first day, with freshers advised to contact RMG if not assigned projects.
- Frequent switching between short-term projects by associates is seen as a concern that may lead to HR investigation and consequences.
- The new policy emphasizes office work as the standard, allowing remote work only in special personal emergency situations pre-approved by RMG.
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AllTopStartups
4w
320
Image Credit: AllTopStartups
PropTech for Beginners: Tools That Scale Property Management Fast
- PropTech, or property technology, is revolutionizing property management for landlords and property managers.
- Over 70% of property managers have reported improved operational efficiency after adopting PropTech.
- PropTech tools lead to happier tenants, smoother operations, and faster growth with fewer resources.
- Key PropTech tools for rapid growth include automated tenant screening, rent collection software, maintenance and repair management, and smart home technology.
- Automated tenant screening tools reduce screening time, improve accuracy, and eliminate outdated methods.
- Rent collection software like Buildium and RentRedi enable online payments and recurring auto payments, resulting in faster cash flow and fewer late payments.
- Maintenance software like Property Meld allows landlords to schedule repairs, track progress, and communicate with vendors efficiently, preventing costly problems.
- Smart home technology enhances property value and tenant satisfaction, offering benefits like lower insurance premiums.
- For first-time PropTech users, it is recommended to start with one priority tool, choose integrated platforms, and check user reviews for ease of use.
- The global PropTech market exceeded $27.3 billion in 2023 and is growing at over 15% annually, with strong adoption in North America.
- U.S. PropTech firms raised $297 million in Q1 2025, focusing on AI, fintech, and compliance tools, signaling continuous innovation and improvement.
- Benefits of scaling with PropTech include faster lease approvals, predictable income from digital rent payments, and improved tenant retention.
- 85% of CRE professionals believe tech adoption is crucial for tenant retention in a competitive rental market.
- Starting small and utilizing the right PropTech tools can lead to significant growth and impact for startup landlords and property managers.
- PropTech can help manage properties more efficiently, minimize issues, and scale operations effectively.
- Utilizing PropTech tools strategically can make a difference between burnout and breakout growth for property managers.
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19 Likes
Eu-Startups
4w
151
Finnish SaaS startup Swarmia secures €10 million to power engineering productivity
- Helsinki-based SaaS startup Swarmia has raised €10 million to enhance engineering productivity with real-time insights into product development.
- The funding round was led by DIG Ventures and Karma Ventures, with participation from notable angel investors like Romain Huët and Cal Henderson.
- Swarmia, founded in 2019, focuses on improving developer productivity and experience for software engineering teams through real-time insights and data-driven decision-making.
- The company helps organizations master the three pillars of engineering effectiveness: business outcomes, developer productivity, and developer experience, aiming for growth and success.
- Software engineering intelligence tools, like Swarmia, are gaining adoption according to Gartner, with expectations to grow significantly in the coming years.
- Many companies struggle to adopt modern practices due to lack of data, which Swarmia addresses by combining quantitative metrics with qualitative survey data.
- Swarmia's client portfolio includes well-known companies like Docker, Webflow, Miro, Trustpilot, and Pleo, with plans to expand in the US market.
- The company is praised for redefining software engineering intelligence, offering ease of adoption and unified data sources for engineering leaders in top-tier software firms.
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9 Likes
ISN
4w
396
Image Credit: ISN
CLR Facility Services raises $15 million from British International Investment
- CLR Facility Services partners with British International Investment to raise $15 million for growth.
- CLR Facility Services, founded in 2002, provides facility management solutions employing 20,000 blue-collar workers.
- The investment from BII will aid CLR's expansion in India, creating more job opportunities and promoting sustainable practices.
- CLR aims to double its workforce to 50,000 employees in the next five to seven years by including more women and underserved groups.
- The funding will also be used to establish training centers for unskilled workers in tier-2 cities over the next five years.
- Promoters and Directors of CLR Facility Services see the investment as a means to drive inclusive and sustainable growth.
- Shilpa Kumar, Managing Director at BII, highlights the focus on enabling better job and training opportunities for underserved groups in India.
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17 Likes
Eu-Startups
4w
342
Work smarter, not harder: Meet 10 European AI startups that will help you automate your business
- AI technology is revolutionizing business operations for small businesses and lean teams, making tasks more efficient and manageable.
- 10 European AI startups are highlighted to assist in automating various business processes.
- Adfin, based in London, streamlines payment processes by automating requests and reminders, simplifying credit management.
- Black Forest Labs in Freiburg Im Breisgau provides AI tools for editing images based on text descriptions, ensuring realistic results.
- Genaios in Nuremberg offers a tool to verify content authenticity, detecting fake news and plagiarism efficiently.
- Granola, located in London, offers an AI notepad for meeting notes, transcribing and summarizing discussions accurately.
- Lovable in Stockholm enables website and app development without coding knowledge through AI chat assistants.
- Shakers, headquartered in Madrid, connects companies with freelance talent seamlessly through AI matchmaking.
- Sintra X in Vilnius provides AI assistants for automating tasks like customer support and social media management.
- Stacks in Amsterdam offers an AI-powered platform for faster and more accurate accounting processes, enhancing team productivity.
- tl;dv in Köln aids in meeting productivity by recording and summarizing video calls automatically using AI tools.
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20 Likes
Hackernoon
4w
418
Image Credit: Hackernoon
AI Tools Can Now Write Like You—Here’s How That Changes Everything
- AI tools are now capable of repurposing a single post into multiple formats and languages through Model Context Protocol (MCP).
- Content publishers are leveraging AI tools to create large volumes of high-quality content using MCP.
- MCP allows AI models to interact with external tools in real-time, offering advanced capabilities beyond simple autocompletion.
- Cursor, an AI-assisted code editor, utilizes MCP to access a marketplace of tools for enhancing content creation.
- The tools connected through MCP enable the creation of contextual and intelligently linked content at scale.
- This approach enhances SEO by leveraging past content, extracting patterns, and maintaining consistency.
- By utilizing the right MCP, systems can automate tasks like creating blog posts tailored to specific search terms.
- Quality inputs are essential to avoid generating low-quality content that could negatively impact SEO and user experience.
- Creating content with AI assistance should focus on maintaining quality, applying proper markup, and respecting the audience.
- The goal is to scale existing successful strategies through AI tools while ensuring content quality and relevance.
- A strategic approach to using AI tools for content creation can lead to effective programmatic SEO strategies.
- It is crucial to feed AI systems with relevant and high-quality inputs to achieve successful outcomes in content creation.
- Proper oversight, schema markup, and audience-focused publishing are key elements to consider when leveraging AI for content generation.
- The emphasis is on scaling proven content strategies effectively with AI tools to maintain the voice, expertise, and perspective of the brand.
- Effective utilization of AI tools can enable substantial scalability in content creation while maintaining quality and relevance.
- Creating content at scale requires a thoughtful approach that prioritizes quality, context, and audience engagement over mere quantity.
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25 Likes
Inc42
4w
550
Image Credit: Inc42
Ola Drivers Need To Pay INR 2,010 A Month To Avail Zero Commission Model
- Ola drivers can avail the company's zero commission model by paying INR 2,010 per month.
- The 30 day pass requires drivers to pay INR 67 per day.
- Ola launched a nationwide zero commission model for autos, bikes, and cabs.
- Drivers can retain 100% of their income under the new model.
- Drivers can choose a subscription plan to access the zero commission model.
- This move is seen as empowering drivers and giving them complete control of earnings.
- Ola's initiative follows similar models by Rapido, Namma Yatri, and Uber.
- Uber had also shifted its auto booking service to a zero commission model.
- Ola aims to create a more resilient and sustainable ride-hailing network across India.
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18 Likes
ISN
4w
378
Image Credit: ISN
Saswat Finance raises $2.6 million to deepen fintech penetration in rural India
- Saswat Finance, a fintech startup focusing on rural India, secures $2.6 million in funding led by Ankur Capital and Incubate Fund Asia.
- The funding will be used to enhance technology, introduce new financial products, and expand operations in Maharashtra, Karnataka, and Uttar Pradesh.
- Founded in 2022 by former bankers, Saswat Finance aims to improve rural financial inclusion by overcoming barriers like informal lending practices and documentation constraints.
- The startup plans to invest in technology, expand reach, and scale operations to redefine access to financial services in underpenetrated segments.
- Starting with the dairy supply chain, Saswat uses diverse datasets to underwrite loans and offer insurance products tailored to smallholder farmers and micro-enterprises.
- Having facilitated over Rs 55 crore in loans and onboarded 6,000+ customers, Saswat is expanding its portfolio to include business credit offerings for rural enterprises.
- The startup has partnered with dairy cooperatives like Amul, Britannia, insurers such as Iffco Tokio, and financial institutions like RBL Bank to enhance reach and services.
- Krishnan Neelakantan from Ankur Capital mentioned that Saswat is bridging market gaps by leveraging technology and alternative data for impactful last-mile delivery.
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22 Likes
Eu-Startups
4w
88
Dutch DeepTech startup OrangeQS raises €12 million for its quantum chip testing
- Dutch DeepTech startup Orange Quantum Systems has closed an oversubscribed €12 million Seed round, the largest in the Netherlands' quantum computing sector.
- The round was led by Icecat Capital, with support from Cottonwood Technology Fund, QBeat Ventures, QDNL Participations, and InnovationQuarter Capital.
- Orange Quantum Systems focuses on developing solutions for automated testing and characterisation of quantum chips, aiming to transition to industrial-grade quantum computers.
- Their products streamline quantum chip testing and address challenges related to scalability, precision, and cost-effectiveness.
- OrangeQS MAX, their flagship product, sets new industry benchmarks for high-volume, standardised quantum-chip testing.
- OrangeQS FLEX offers customisable chip-testing solutions, used by various research labs globally.
- OrangeQS Juice, an open-source operating system, simplifies quantum research setup management for labs.
- The investment of €12 million will be used to build faster test machines for quantum chips, reducing testing time from weeks to days.
- OrangeQS aims to help chip makers double the number of reliable quantum bits every few years, analogous to Moore's Law in classical computing.
- This investment reflects the importance of Orange Quantum Systems' technology for the advancement of quantum computing.
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SiliconCanals
4w
40
Image Credit: SiliconCanals
Delft’s Orange Quantum Systems raises €12M: CEO Garrelt Alberts on slashing quantum chip testing time and enabling Moore’s Law scaling
- Delft-based Orange Quantum Systems raises €12M in an oversubscribed seed round, the largest in the Netherlands' quantum computing sector.
- The round was led by Icecat Capital, with support from various funds like Cottonwood Technology Fund and QBeat Ventures.
- Orange Quantum Systems plans to use the funds to build faster test machines for quantum chips, aiming to reduce testing time from weeks to days.
- Faster testing will enable chip makers to double the number of reliable quantum bits, driving progress towards a quantum version of Moore’s Law.
- Testing quantum hardware is crucial as chips become more complex, demanding scalable, accurate, and affordable testing solutions.
- Orange Quantum Systems addresses testing challenges with OrangeQS MAX, a system designed for speed, automation, and scalability in quantum chip testing.
- The company aims to halve the test time per qubit every two years by continuously improving their testing process.
- OrangeQS MAX allows leading quantum computer manufacturers to release 30-50% of their R&D teams from test equipment duties.
- Orange Quantum Systems, founded in 2020 as a spin-off of TNO and QuTech, develops solutions for automated quantum chip testing.
- The company's products, including OrangeQS MAX and OrangeQS FLEX, enhance testing capabilities for quantum chips in various research and industry settings.
- The company envisions supporting global leaders in quantum computing with innovative test systems, preparing for a quantum-driven future.
- OrangeQS aims to provide high-throughput test solutions for the latest generation of quantum chips once error-corrected quantum computers become a reality.
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2 Likes
Hitconsultant
4w
57
Image Credit: Hitconsultant
Tombot Secures $6.1M to Bring Lifelike Robotic Puppy to Seniors with Dementia
- Tombot secures $6.1 million in Series A funding round to support its line of health and senior care products, including the lifelike robotic puppy, Jennie.
- The company targets the urgent need for companionship among over 300 million seniors globally suffering from dementia or mild cognitive impairment, offering a robotic solution designed to mimic live pet companionship without risks.
- Jennie, Tombot's flagship product, is intended to treat Behavioral and Psychological Symptoms of Dementia (BPSD) and features responsiveness to touch, voice, movement, and other inputs, along with a cleanable, rechargeable design suitable for care environments.
- The funding round was led by Caduceus Capital Partners, with a focus on early-stage digital health innovations, indicating potential exponential growth in the robotic companions sector.
- Tombot plans to use the funds for team expansion, engineering finalization, regulatory certifications, and customer shipments to over 16,000 pre-order and waitlist customers.
- Founded in 2017, Tombot was inspired by the founder's experience caring for his mother with dementia, aiming to address the unmet needs in companionship and mental health care through innovative robotic solutions.
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SiliconCanals
4w
404
Image Credit: SiliconCanals
Dutch energy startup HeatLeap secures €1M to bring gas-free heating to social housing: Know more
- Dutch energy startup HeatLeap secures €1M in funding to revolutionize heating in social housing with gas-free technology.
- The investment round was led by Arket Ventures and supported by several other investors.
- The funding will enable HeatLeap to scale its operations and roll out their technology at select housing corporations this summer.
- The investment marks a critical milestone in HeatLeap's growth, offering a solution that eliminates gas reliance and addresses energy poverty.
- The capital will support the commercial rollout, infrastructure development, and operational expansion of HeatLeap's smart heating solution.
- HeatLeap's technology aims at transforming social housing units with sustainable, grid-conscious heat systems.
- The startup offers gas-free heating systems for renovated homes, aligning with the Netherlands' climate goals.
- The iCV 1.0 system uses existing pipes and radiators, a heat pump, and heat storage for home and water heating.
- The modular system allows phased implementation and quick installation with minimal disruption.
- For residents, the system offers energy cost stability, easy operation, and space-saving installation in the attic.
- HeatLeap continues to enhance its system with features like battery storage and smart grid integration.
- The company contributes to the country's goal of reducing CO2 emissions and becoming climate-neutral by 2050.
- HeatLeap was founded in 2020 with a focus on developing intelligent, climate-neutral heating systems for social housing.
- Their technology supports housing corporations in upgrading to sustainable energy systems without major changes.
- HeatLeap's system transition properties to sustainable heating solutions quickly and efficiently.
- The startup's innovation stands out for its grid-conscious heat systems and support for broader energy goals.
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