Now Playing
Lovable's $13B, BOE Digital Pound Phase 2 & FCA Reform
Audio is available on Spreaker — see link below.
Lovable doubles its valuation to $13.3B as institutional capital floods AI coding platforms, while the Bank of England tests stablecoins and CBDC on the same settlement rail. Plus: HappyRobot's $150M agentic AI round, India's live digital rupee welfare rollout, and the FCA's £128M asset management overhaul.
Audio is available on Spreaker — see link below.
Lovable just raised four hundred million dollars at a thirteen point three billion dollar valuation, and that number alone tells you something significant has shifted in how institutional capital views AI coding platforms. This is a Series C led by Menlo Ventures and EQT's Scaleup Europe Fund.
The risk worth naming directly is competitive pressure. Cursor is reportedly being valued at sixty billion dollars in a SpaceX-backed acquisition conversation.
Moving to the other major funding story, HappyRobot closed a hundred and fifty million dollar Series B from Prysm Capital and others. This is an enterprise agentic AI platform, meaning it doesn't just assist with tasks.
On the central bank side, the Bank of England has moved into Phase Two of its digital pound exploration. The new work involves testing public stablecoins and central bank money inside a single trade finance flow, with Polygon Labs, NOBO Finance, and Dun and Bradstreet involved.
In India, Chandigarh has become the first city to roll out a full-scale digital rupee deployment for Direct Benefit Transfer of food subsidies. The digital rupee here is programmable, purpose-bound for purchasing entitled foodgrains.
Finally, the FCA is proposing a streamlined asset management rulebook targeting one hundred and twenty eight million pounds in annual compliance savings. The structure is a three-tier NAV-based regime with simplified valuation rules.
Chapter summary auto-generated from the verified script. Listen to the full episode for the complete content.