Investments

Investments
SoftBank Makes First Foray Into Africa With OPay Investment
August 23, 2021

Giant technology investor SoftBank has made its first foray into Africa, making its first bet in Nigerian mobile payments platform OPay. The firm’s Vision Fund 2 led a $400 million funding round for the FinTech company, valuing it at $2 billion, Bloomberg reported on Monday...

Investments
WorldRemit Hits $5B Valuation, Rebrands As Zepz
August 23, 2021

The digital cross-border payment platform Zepz — formerly WorldRemit — became a $5 billion company on Monday (Aug. 23) after raising $292 million in new primary Series E financing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

IPO
Sezzle Files Draft Paperwork For US IPO
August 23, 2021

Payment platform Sezzle said it has confidentially submitted a draft registration statement for an initial public offering (IPO) to the U.S. Security and Exchange Commission, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

IPO
Coffee QSR Dutch Bros Enlists JPMorgan, BoA, Barclays And Others As Managers For Proposed IPO
August 22, 2021

Coffee shop Dutch Bros has announced it has filed for a registration statement for an initial public offering (IPO), a press release says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Investments
Report: Activist Investors Sees Fiserv’s Clover Worth $185B By 2024
August 20, 2021

Activist investor ValueAct Capital Management has amassed a position in Fiserv Inc., the parent company of Clover, and argued in an investor presentation that Clover could be worth $185 billion by 2024, Bloomberg reports. Get the Full Story Complete the form to unlock this article...

Investments
Report: Activist Investor Sees Clover Worth $185B By 2024
August 20, 2021

Activist investor ValueAct Capital Management has amassed a position in Fiserv Inc., the parent company of Clover, and argued in an investor presentation that Clover could be worth $185 billion by 2024, Bloomberg reported. Get the Full Story Complete the form to unlock this article...

Investments
New Funding Drives DriveWealth To $2.8B Valuation
August 20, 2021

The global brokerage firm DriveWealth has wrapped a $450 million Series D, valuing the firm at $2.85 billion. 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...

IPO
Topps’ Blank Check Merger Plan Strikes Out
August 20, 2021

The baseball card company Topps’ plan to go public through a special-purpose acquisition company (SPAC) has fallen through. 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...

IPO
FinTech SPAC Activity Heats Up
August 20, 2021

FinTech-related special purpose acquisition company (SPAC) activity got a bit of a rebound this past week — specifically, targeting banking services and products, where new announcements took the initial public offering (IPO)/SPAC announced plans in this segment to 47 year to date, as tracked by...