Private equity firm Silver Lake is investing $750 million in India’s telecommunications giant Jio Platforms, according to a report in the Wall Street Journal on Sunday (May 3). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Corsight AI, an Israeli tech firm, raised $5 million as it develops technology to recognize people’s faces through masks, goggles or plastic coverings, according to a Reuters report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
British regulators have given the initial green light for Amazon’s investment in Deliveroo, the London online food delivery company that said it could go bankrupt without an infusion of cash due to COVID-19. Get the Full Story Complete the form to unlock this article and...
Robinhood, the Menlo Park, California-based stock trading app, is nearing a deal to raise $250 million from investors at a valuation of $8 billion, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
As COVID-19 moves the economy online, Stripe unveiled an extension of its Series G funding round. The company brought in $600 million in additional funding from investors with the inclusion of Sequoia, Andreessen Horowitz, GV and General Catalyst, and its financing occurs on the same valuation and...
Airbnb Inc. received a second infusion of cash with a $1 billion loan from institutional investors, the company announced on Wednesday (April 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
To provide firms impacted by the coronavirus pandemic with financing, General Atlantic has joined forces with Tripp Smith. The private equity firm is creating a joint venture with Iron Park Capital Partners LP, Smith’s credit-focused company, The Wall Street Journal reported, citing unnamed sources. Get the Full Story Complete...
SoftBank Group Corp. is forecasting that its $100 billion Vision Fund will lose $16.5 billion in the financial year ending March 31, which means the group as a whole will lose money for the first time in 15 years, according to a company statement on...
Japan’s buy now, pay later (BNPL) startup Paidy announced it has closed a Series C extension funding round led by previous investor ITOCHU Corporation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
