JPMorgan and Barclays again $4.5 billion insurance tech huge Wefox

JPMorgan and Barclays again .5 billion insurance tech huge Wefox

Key Details

Wefox, a Berlin, Germany-based insurance plan technological know-how startup, declared Wednesday that it has elevated $110 million from traders.
Of that sum, $55 million came in the variety of a revolving credit score facility from JPMorgan and Barclays.
The remaining $55 million was an equity financial commitment led by investment management agency Squarepoint Funds.
Wefox maintained its $4.5 billion valuation from its preceding round of funding, the organization explained.

Supply

Finance

Goldman Sachs is piloting its first autonomous coder in major AI milestone for Wall Street

July 11, 2025

Key Points Goldman is testing an autonomous software engineer from artificial intelligence startup Cognition that is expected to soon join the ranks of the firm’s 12,000 human developers, Goldman tech chief Marco Argenti told CNBC. The program, named Devin, became known in technology circles last year with Cognition’s claim that it had created the world’s […]

Finance

Fed considering changes to what constitutes a ‘well-managed’ bank

July 10, 2025

The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation, in Washington, D.C., on Jan. 26, 2022. Joshua Roberts | Reuters The Federal Reserve is taking another step toward easing regulation for big financial institutions, this time […]

Finance

Stocks making the biggest moves midday: MP Materials, Delta Air Lines, WK Kellogg, Hertz & more

July 10, 2025

Check out the companies making the biggest moves midday: MP Materials — The rare earth miner soared more than 47% after the company announced the Defense Department would buy $400 million in preferred stock . “We remain a thriving public company. We now have a great new partner in our economically largest shareholder, DoD, but […]