Meta must now stop this behaviour. Meta said at the time it would appeal the fine while also complying with it and addressing the points raised by the EC. The company The Key Metrics for Measuring B2B Lead Generation Success added that the decision offers no evidence of harm to competitors or consumers and ignores the fact that there are several successful online marketplaces in the EU.Meta also contends that Facebook users can choose whether or not to engage with Facebook Marketplace.
The reality is that people use Facebook Marketplace because
they want to, not because they have to. Meta said in its response to the decision. Facebook Marketplace has also come under regulatory pressure in other jurisdictions. M with the company settling an investigation with the U.K.’s Competition and Markets Authority af. Mter agreeing to a series of list of real mobile numbers database concessions.RecommendedMeta to Appeal Against Million EU Antitrust FinePayPal-Backed Formance Raises Million to Grow Open-Source LedgerGallabox Raises Million to Help Small Businesses Create AI AgentsLloyds Shuttering Branches Amid Digital Banking ShiftSee More In: Antitrust, Big Tech, big tech regulation, EC, EU, European Commission, European Union, Facebook, Facebook Marketplace, fines, legal, Meta, News, PYMNTS News,
regulations, TechREG, What’s HotPayPal-Backed Formance Raises Million to Grow Open-Source LedgerBy PYMNTS | January , | Open-source financial infrastructure provider Formance raised million in a Series A funding round to grow its.
Ledger and other solutions that help
developers build financial flows and products.The funding round was co-led by PayPal Ventures and Portage and came after a -month period in which Formance increased its revenue by times, according to a Wednesday Jan. press release.This new funding will fuel Formance’s free agents from monotonous responsibilities expansion across the U.S. and Europe and accelerate its vision of transforming its Open Source Ledger into a full-scale platform for building and managing sophisticated financial features, Formance Co-Founder Anne-Sybille Pradelles said in the release.
Formance’s open source, programmable
and vendor-agnostic solution is designed to simplify the process of building financial infrastructure, allowing companies to do so faster and with fewer resources, according to the release.The company’s core product, its programmable Ledger, provides detailed visibility into every transaction changsha mobile phone number list and streamlines reconciliation with any type of financial partner, the release said.Formance’s solution is used by large-scale vertical software-as-a-service SaaS platforms, FinTechs, financial institutions and other global customers, per the release.
>>>>>>>One user of the solution, Liberis Vice President of Engineering Tito Sarrionandia, said in the release: Formance enabled us to ship new lending products faster by providing a customizable foundation that let us reliably express the complexities of our flow of funds and domain specifics.Formance. M raised million in its first funding round in June PayPal Ventures has announced several investments in recent months.
>>>>>>>On Jan. , the company helped InsurTech. M Ole Life raise million in a Series B funding round, allowing Ole Life to boost its growth across Latin America. M by establishing local operations in key markets and introducing new products beyond life insurance.In December, PayPal Ventures participating in a Series B round in which fraud prevention/compliance platform Bureau raised million to use artificial intelligence to help businesses combat sophisticated forms of fraud.
PayPal Ventures announced an additional investment
in Chaos Labs, a company providing blockchain risk management, in September. PayPal Ventures said at the time that Chaos Labs would receive the investment in PayPal’s stablecoin, PYUSD, on-chain.RecommendedPayPal-Backed Formance Raises Million to Grow Open-Source LedgerGallabox Raises Million to Help Small Businesses Create AI AgentsLloyds Shuttering Branches Amid Digital Banking ShiftAI Regulations: Texas’ Sweeping AI Bill and the Vatican’s PolicySee More In: Anne-Sybille Pradelles, BB, BB Payments, back office, commercial payments, Formance, Investments, ledger, News, open source, PayPal Ventures, portage, PYMNTS News, What’s Hot, What’s Hot In BBGallabox Raises Million to Help Small Businesses Create AI AgentsBy PYMNTS | January , | GallaboxGallabox raised million in a seed round to strengthen the capabilities and expand the geographic footprint of its platform that enables small- to medium-sized businesses SMBs to use artificial intelligence to automate their communication on WhatsApp.
>>>>>>>The company’s no-code conversational platform helps SMBs create and deploy AI agents and workflows for projects like lead qualification, drip marketing campaigns, team collaboration, appointment booking and personalized service recommendations, the company said in a Wednesday Jan. press release.Our platform enables any business, regardless of their technical expertise or budget, to deploy sophisticated AI agents on WhatsApp, helping them convert every conversation into a business opportunity within minutes, Gallabox CEO and co-founder Karthik Jagannathan said in the release.