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FireApps, a Scottsdale, Arizona based developer of foreign exchange exposure management solutions, has raised $7.5 million in VC funding from Trilogy Equity Partners. Returned backer Ignition Partners also participated in the round. As part of the deal Chuck Stonecipher from Trilogy will be joining the board of FireApps.

People would now definitely be paying more interest to financial risks, hence this round of funding but the damage from greed and risk exposures has already been done.