Citi Backs Cash Flow Management Partner Cashforce
Cash flow forecasting FinTech Cashforce has announced a $5.5 million Series A funding round on Tuesday (Oct. 15) led by INKEF Capital and Citi Ventures, with Citi also announcing a strategic...
View ArticleMercadoLibre To Bolster Investment In Brazil
With an eye toward logistics and financial services, MercadoLibre Inc. will reportedly invest over $718 million (3 billion reais) in Brazil next year. The Latin American eCommerce pioneer intends to...
View ArticleAccel Leads $77M Funding Round For Galileo FinTech
Galileo, a FinTech whose APIs help run companies like Chime, Robinhood, Monzo, Revolut, TransferWise and Varo, has announced a $77 million Series A funding round led by Accel, with participation from...
View ArticleFrench FinTech Lemon Way Gets $28M For API Expansion
The French payment processor Lemon Way has announced a near-$28 million (€25 million) investment round by the multi-asset fund management firm Toscafund, Aithority reported on Thursday (Oct. 17). The...
View ArticleEdible Barcodes Turn Sights On Counterfeit Goods
As the global digital economy grows, and consumers buy more items from their mobile and other web-connected devices, a problem grows along with that. We are talking about the rise of counterfeit goods....
View ArticleBitPesa Restructures, Secures $15M For Expansion
B2B FinTech BitPesa, which operates a platform offering foreign exchange and cross-border payment services, is restructuring and has announced new funding to support its expansion efforts. The company...
View ArticleFabric To Expand Robotic Fulfillment With $110M Funding Round
Fabric, an automated logistics company that used to be called CommonSense Robotics, has raised $110 million in a Series B funding round led by Corner Ventures. According to reports, the funding round...
View ArticleSoftBank Rescues WeWork With $8B Capital Infusion
With a new capital infusion, SoftBank Group is extending a lifeline of up to $8 billion into the office space and workspace solutions firm WeWork. The infusion will see SoftBank committing $5 billion...
View ArticleStarling Bank To Use £30M Infusion For Consumer, B2B Banking Growth
U.K. digital bank Starling Bank announced that it has raised £30 million (more than $38.7 million USD) in a new funding round. Merian Chrysalis Investment led the round with an investment of £20...
View ArticleGojek’s New Co-CEOs Plan For Dual Listing, Expanded Market Share
Gojek, an Indonesia-based ride-hailing and payments company, has said it’s getting ready for a dual listing, and it’s looking for a larger share of the regional market. The company’s two new chief...
View ArticleIndia’s Struggling Yes Bank Sees Share Boost From $1.2B Offer
Yes Bank in India has received an offer from an unnamed investor in the amount of $1.2 billion for a stake in the bank, according to a report in the Financial Times. Shares in the company went up 20...
View ArticlePayPal Among Investors In $143M Funding For Japan’s Paidy
Japan’s instant credit startup Paidy raised $143 million in a Series C extension funding round, the company announced in a press release on Thursday (Oct. 31). New and past investors participated in...
View ArticleTop News In Payments: Paidy Notches $143M In Funding; UK Legislators Want...
In today’s top payments news, Japan’s instant credit startup Paidy notched $143 million in a Series C extension funding round. Also, legislators in the United Kingdom want a mandatory 24-hour waiting...
View ArticleVisa Invests In LISNR To Boost Mobile Payments Growth
Ultrasonic data firm LISNR is getting a strategic investment from Visa to speed up expansion of its mobile payments, LISNR announced in a press release on Tuesday (Nov. 5). LISNR uses ultrasound...
View ArticleRakuten Expects To Lose $947M On Falling Lyft Shares
Japan’s Rakuten has taken a huge loss on Lyft shares, according to Reuters. The company said it expects to lose 103 billion yen ($947 million) in the latest quarter due to its Lyft investment....
View ArticleWeWork Write-Off Triggers $6.5B Loss For SoftBank
Japan’s SoftBank reported a $6.5 billion loss on Wednesday (Nov. 6), its first quarterly drop-off in 14 years and far larger than analysts’ estimates, Bloomberg and other news outlets reported. The...
View ArticleSoftBank CEO Vows WeWork Blunder Won’t Happen Again
SoftBank CEO Masayoshi Son calls his company’s decision to save WeWork “an exception” that won’t happen again. Last month, SoftBank extended a lifeline of $8 billion into WeWork, committing $5 billion...
View ArticleEx-Uber CEO Kalanick’s Startup Lands $400M From Saudi Fund
CloudKitchens, the delivery startup founded by former Uber CEO Travis Kalanick, has received a $400 million investment from Saudi Arabia’s Public Investment Fund (PIF), according to a report by The...
View ArticleChina Changes Rules To Lure More IPOs In Tech
China has changed some IPO rules to entice more tech companies to list publicly in the country, according to a report by The Wall Street Journal. China previously attempted this and was focusing on...
View ArticleLawsuit Targets WeWork For Lost Value After Pulled IPO
A lawsuit is being launched by minority shareholders against WeWork, Adam Neumann — its co-founder and former chief executive officer — and the prime investor, Japan’s SoftBank, Reuters reported on...
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