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AI Startup Farsight Raises $16M
It is quietly becoming Wall Street’s secret AI weapon.
Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.
What we’ll cover today:
🔐 Why TreviPay’s new CISO signals a shift in fintech priorities
💸 How Farsight is automating pitch decks for hedge funds
🚨 What fintech leaders are saying about AI + security
Source : Surecomp
TreviPay, a B2B payments company, just hired Matt Dewell (ex-Global Payments) as their new Chief Information Security Officer.
🚨 Breaking News:
Dewell steps in as CISO to turn TreviPay’s security into a competitive edge - right after a major partnership with HSBC.
⚡ Wire Simplified:
TreviPay offers invoicing, credit, and B2B payment services.
Dewell was previously Director of InfoSec at Global Payments.
He’s also worked at KPMG and TouchNet.
He’ll lead efforts to make security a key differentiator.
This follows TreviPay’s collab with HSBC for smarter B2B purchasing.
✔️ Straight to the Point:
New CISO, fresh HSBC deal - TreviPay seems serious about scaling secure payments. Big goals, but execution will be everything.
🔐 Do you trust companies more when they publicly hire a CISO? |
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Source : Hugging Face
Farsight, a startup by 3 MIT grads, raised $16M to automate boring finance tasks for banks and hedge funds.
🚨 Breaking News:
Farsight just closed a Series A led by SignalFire backed by execs from Blackstone, BoA, and more Wall Street giants.
⚡ Wire Simplified:
Farsight helps banks automate Excel and PowerPoint tasks like pitch decks and valuations.
Clients include investment banks, PE firms, and hedge funds.
Founded in 2022, now hitting 10x revenue and 5x more clients.
Raised $16M from top-tier VCs and finance angels.
Funds will grow the team and client base even more.
✔️ Straight to the Point:
Farsight is quietly becoming Wall Street’s secret AI weapon. If they deliver, they might just make analysts obsolete.
I spoke recently at the entrepreneurship club at a high school. I couldn't quite say it openly, but I wanted to tell them they should all just be in the programming club instead.
— Paul Graham (@paulg)
8:33 AM • Jun 16, 2025
Not every problem needs AI.
In fact, most problems don’t need AI.
— Santiago (@svpino)
9:58 AM • Jun 15, 2025
Canada FinTech Forum 2025
This event is the largest FinTech gathering in Canada, bringing together key players from the finance and technology sectors.
Date: October 2025 | Location: Montreal, Canada
Hong Kong FinTech Week 2025
One of Asia’s premier FinTech events, featuring speakers, panels, and exhibitors showcasing innovations in finance and technology.
Date: November 2025 | Location: Hong Kong
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