Having $1 billion in bookings and more than 200 destinations globally – those are big numbers, to be sure, but these are not stats gleaned from an airline. Throw another round number into the mix: $200 million. That’s the amount that Klook — a startup based in Hong...
American Banker, citing Citi Ventures, reported that the investment shows banks are embracing and implementing AI. According to the report, the investment provides more insight into how Citigroup is using AI across the company. The software is popular with younger generations, which is an important...
YayYo, the online ridesharing company, is gearing up an initial public offering (IPO) in the U.S. Seeking Alpha, citing an S-1/A registration with the Securities and Exchange Commission (SEC), reported the company is aiming to raise $5 million in gross proceeds from the IPO. As...
China’s banking and insurance regulator has asked banks and insurers to examine and tackle “weak points” in the country’s infrastructure sector. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Food ordering and delivery company DoorDash announced that it has raised $250 million in a growth round co-led by Coatue Management and DST Global. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Stockholm-based Karma has raised $12 million in Series A funding, led by Swedish investment firm Kinnevik. Participants also included U.S. venture capital firm Bessemer Venture Partners, appliance manufacturer Electrolux and previous VC firm backer e.ventures. This latest round brings Karma’s total funding to $18 million....
Some prominent hedge fund managers are feeling optimistic about the U.S. economy, especially when it comes to retail and technology. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Alphabet, the multinational conglomerate, has invested $375 million in Oscar Health, a health insurance startup co-founded by Trump advisor Jared Kushner’s brother, Joshua Kushner. CNBC reported that Alphabet now owns around 10 percent of the 6 year-old startup, which utilizes a combination of technology, provider partnerships...
As the saying goes, cash is king. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree...
