Inside Brex and Ramp's AI ambitions | TechCrunch

This week , we dig into spend management companies’ AI aspirations, and one U.K. fintech’s recent growth.

Brex in September launched Brex Assistant, a flagship product of Brex AI .

Ramp raised $300 million in a funding round co-led by Thrive Capital and new investor Sands Capital at a post-money valuation of $5.8 billion .

With 16 million customers, Wise has been profitable since 2017 , well before it went public in 2021 .

Paystack laying off 33 employees in Europe and Dubai amid the African payments company’s focus on its home continent.

Venmo 's new feature that enables users to split expenses among groups is likely to cannibalize the user base of single-purpose apps aimed at organizing group expenses.

This comes as Robinhood raises its Robinhood Gold rate again to 5% APY on uninvested cash. Funding and M&A As seen on TechCrunch : Seen elsewhere: Defacto: French fintech raises funding extension from Citi Ventures (Learn Defacto’s origin story and more in TechCrunch ’s earlier coverage.).