AI reshapes finance as investments in AI-powered accounting solutions accelerate 📊🤖; NU invests in Tyme signalling push into Africa & Asia 😳💰; Morgan Stanley inks a deal with Wise 🤝💸

FinTech is Eating the World, 17 December

Hey Everyone,

Good morning & happy Wednesday! We’re back to the regular cadence and today’s issue is hot as never before 😤 We’re going to look at AI continuing to reshape finance as investments in AI-powered accounting solutions accelerate (a quick look at two interesting latest developments, what they indicate & what’s next + bonus list of top AI startups of 2024 & pitch decks they used to raise $28B+ from VCs); NU which just backed Tyme signaling push into African and Asian markets (what it’s all about & why it makes sense + bonus deep dive into NU & its biggest competitor), and Morgan Stanley that just partnered up with Wise for cross-border payments (why it matters & what can we expect next in Finance & FinTech space + bonus deep dive into Wise & why I’m bullish). So let’s just jump straight into the interesting stuff 🌶️

AI reshapes finance as investments in AI-powered accounting solutions accelerates 📊🤖

Following the money 💸 Recent developments in the accounting technology sector signal a significant transformation in how financial services will be delivered in the coming years.

Basis's recent funding round and the acquisition of Materia by Thomson Reuters highlight the growing momentum behind AI-powered accounting solutions.

Let’s take a look at this, see why it matters, and what’s next.