PhonePe, India’s largest digital payments company, is reportedly closer to going public. The Walmart-backed firm’s initial public offering (IPO) has gotten the approval of regulators, Reuters reported Tuesday (Jan. 20), citing sources familiar with the matter. These sources said that Walmart, Microsoft and Tiger Global...
The digital asset space first wanted to replace the financial system. Now, the blockchain ecosystem is lowering its gaze from that sky-high goal and seeking instead merely to eliminate legacy inefficiencies in payments and capital markets. And that goal got a shot in the arm...
The New York Stock Exchange is reportedly creating a venue for round-the-clock tokenized stock trading. The exchange (NYSE) plans to combine its technology that matches sellers and buyers with private blockchain networks, to allow for the trading of tokenized securities in real-time, Bloomberg News reported...
ClickHouse, a provider of data infrastructure for artificial intelligence systems, raised $400 million in a Series D funding round. The company will use the new capital to expand its offerings in real-time data analytics, data warehousing, observability, and AI and machine learning, it said in...
JPMorgan Chase is reportedly forming a new team that will help companies raise private capital. The Private Capital Advisory and Solutions team will connect investors with companies that are looking for private capital; advise clients on raising early stage equity, preferred stock and convertible bonds; and work on...
Goldman Sachs is looking into how it might get involved in prediction markets, Chairman and CEO David Solomon said Thursday (Jan. 15). Asked about this and other innovations by an analyst during the company’s earnings call, Solomon said that prediction markets are “super interesting,” that...
Kraken-affiliated company KRAKacquisition Corp is the latest cryptocurrency firm planning to go public. KRAKacquisition, a special purpose acquisition company (SPAC) backed by an affiliate of crypto exchange Kraken, filed Monday (Jan. 12) to go public with a $250 million initial public offering (IPO). The company...
Torq raised $140 million in a Series D funding round to accelerate the adoption of its security operations center (SOC) platform for global enterprises and government agencies. The Torq AI SOC Platform uses artificial intelligence agents to manage security tasks, the company said in a...
Brazilian FinTech Agibank reportedly may postpone a planned initial public offering (IPO) in the United States after Brazil’s social security system suspended one of the firm’s main businesses. The social security system, INSS, stopped the firm from making new payroll-deduction loans for retired workers in...