Investments

Investments
‘GameStopping’ The System: Wall Street Madness Breeds Unintended Consequences
January 30, 2021

You just couldn’t make this stuff up if you tried. That was the consolation prize most of us took into 2021 from 2020: Whatever else happens in this still-young year, at least we’re all immune to shock. But as is often the case, just when...

Investments
Backlash: Retail Traders Sue Robinhood Over Suspension Of Buy Orders
January 29, 2021

Retail traders in two states have sued Robinhood, the app intended to make stock trading accessible, over the decision made to stop buy orders on GameStop (GME) stock and other “meme stocks” like AMC Theaters, in the current controversy involving Reddit and the stock market,...

Investments
WeWork Could Merge With SPAC — Or Land Private Investment
January 28, 2021

In a year in which over 80 new special purpose acquisition companies (SPACs) have made their debut, WeWork is in discussions to merge with a blank-check company, noted The Wall Street Journal, citing unnamed sources. Get the Full Story Complete the form to unlock this...

Investments
Ireland’s Scalapay Raises $48 Million For BNPL Services Expansions
January 28, 2021

Third-party buy now, pay later (BNPL) solution Scalapay has raised $48 million in a funding round, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Investments
Challenger Bank Dave Wins $100 Million Credit Facility From Victory Park Capital
January 28, 2021

U.S. challenger bank Dave has secured a $100 million credit facility from alternative investment firm Victory Park Capital (VPC). 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...

Investments
China’s Didi Chuxing Lands $300 Million For Driverless Cars
January 28, 2021

Chinese ride-hailing giant Didi Chuxing has raised $300 million for its autonomous driving unit, adding to the $500 million the company raised in May, according to a Reuters report on Thursday (Jan. 28). Get the Full Story Complete the form to unlock this article and...

Investments
Brazilian FinTech Nubank Raises $400 Million, Expanding In Latin America
January 28, 2021

Brazilian FinTech Nubank raised $400 million in a Series G funding round led by Singapore’s GIC, Whale Rock and Invesco, Nubank said in a Thursday (Jan. 28) blog post.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
Stilt Raises $100 Million To Fuel Immigrant Loans
January 27, 2021

Stilt, which works in financial services for immigrants, has raised a $100 million warehouse facility from Silicon Valley Bank, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
Booksy Raises $70 Million To Expand Beauty Booking App
January 27, 2021

As the global pandemic has forced stores to shut down, and then reopen under strict social distancing and health guidelines, one service that has profited throughout is appointment-booking apps. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...