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Guardz raises US $ 56 million to transform cybersecurity for SMBs with its AI-native, unified platform for MSPs evolving threat landscape, which leads to tedious manual processes, slower response times and higher operating costs. The future of SMB cybersecurity relies on unifying tools into a cohesive and AI-native cyberdefence ecosystem. Guardz is at the forefront of this effort, enabling MSPs to protect their clients more effectively across all attack vectors and scale their businesses sustainably.
Guardz, a cybersecurity company empowering Managed Service Providers( MSPs) and IT professionals to protect small- and medium-sized businesses, announced that it has raised US $ 56 million in Series B funding led by ClearSky, with participation from new Investor, Phoenix Financial and existing Investors Glilot Capital Partners, SentinelOne, Hanaco Ventures, iAngels, GKFF Ventures, Lumir and others. This latest investment reflects Guardz’ s rapid growth, bringing total funding to US $ 84 million in just over two years.
As cyberattacks grow in sophistication and increasingly target small- and midsized businesses, the backbone of the economy, the MSPs and IT professionals serving them find themselves at the forefront of the battle. But MSPs face mounting cybersecurity challenges, with 77 % struggling to manage multiple fragmented solutions amid a constantly
“ This funding propels Guardz forward in our mission to bring enterprise-level cybersecurity to SMBs and to continue to empower MSPs with unified security controls and automated detection and response,” said Dor Eisner, CEO and Co-founder of Guardz.“ MSPs are the first line of defence for these organisations – the engine of the global economy – and we are excited to continue providing them with our best-in-class platform, to ensure that businesses are not only secured and insured, but can thrive.”
SMEs are bleeding £ 4 billion in hidden FX fees – FinTechs are fighting back
SMEs are losing billions annually to hidden foreign exchange fees; an overlooked cost that’ s quietly draining up to 2 % of annual revenue. As cross-border payments grow more crucial than ever, FinTech challenger, Volopa, is expanding into the European Economic Area to offer SMEs a smarter, cheaper way to send and manage international payments.
Cross-border payments are forecast to hit US $ 250 trillion by 2027, according to Payments Cards and Mobile. Yet many business owners remain unaware of how much foreign exchange( FX) fees quietly erode their bottom line. For smalland medium-sized enterprises( SMEs), FX costs can drain 1 – 2 % of annual revenue; a hidden expense often overlooked because it’ s buried within so-called‘ standard’ bank rates.
This presents a significant issue in the UK, where there are approximately 5.45 million SME businesses. With an average turnover of £ 3,549,627 per business, a 2 % loss due to foreign exchange( FX) fees equates to nearly £ 71,000 annually.
Amid this landscape, Volopa’ s expansion into the European Economic Area( EEA) marks more than just market entry, it reflects an industry-wide evolution.
Volopa’ s platform enables growing businesses to manage everything from supplier payments to employee expenses in one place tailored for today’ s multi-currency, multimarket economy.
“ At Volopa, we believe in the transformative power of innovation. Our expansion into the EEA underscores our commitment to empowering businesses to thrive in an increasingly interconnected world. With Volopa as their trusted partner, businesses can unlock new horizons, seize untapped opportunities and embark on a transformative journey towards growth and success,” said Graham Smith, Managing Director at Volopa.
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