Investments

Investments
Grofers Raises $200M In SoftBank-Led Round
May 15, 2019

Grofers, the Indian online grocery startup, has raised more than $200 million in a new round of fundraising. 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...

Investments
Respond Software Closes $20M In Funding To Boost Operations
May 15, 2019

Respond Software announced that it has closed a $20 million Series B funding round, led by ClearSky Security, with participation from previous investors CRV and Foundation Capital. The company, which develops Robotic Decision Automation (RDA) software for security operations, will use the funds to boost...

Investments
SoftBank Shares Slide Along With Ride-hailing Stocks
May 14, 2019

Shares in Japan’s SoftBank Group have been sliding for three straight days, and closed 5.4 percent lower on Tuesday (May 14), according to a report from Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Investments
Business Expense Card Co Pleo Raises $56M
May 14, 2019

Danish FinTech company Pleo, which touts a “business spending platform” that simplifies the expense management process for employees, has raised $56 million in a series B funding round, according to a report by TechCrunch. Get the Full Story Complete the form to unlock this article...

Investments
Shares In Jumia Technologies Tumble After Q1 Results
May 13, 2019

Shares in African eCommerce company Jumia Technologies took a dive on Monday (May 13) after Q1 losses were reported to be bigger than the year before, according to a report from Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy...

Investments
China’s BAIC Aims To Acquire 5 Pct. Of Daimler
May 12, 2019

BAIC Group, the Chinese automotive company, wants to buy 5 percent of Daimler, reported Reuters. 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,...

Investments
Jumia’s Shares Slide On Fraud Claims By Short Seller
May 10, 2019

Following a claim of fraud by a short seller, shares in eCommerce firm Jumia fell by almost 25 percent by midday New York time on Friday (May 10) and traded at $20.30 at one point, the Financial Times reported. The stock, however, was trading higher...

Investments
African FinTech Payment Startup Chipper Cash Woos Investors, Including Joe Montana
May 09, 2019

African FinTech payment startup Chipper Cash has attracted some high-profile investors and raised $2.4 million in a funding round, according to a report in TechCrunch. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
ChowNow Raises $21M, Launches Food Ordering Site
May 08, 2019

ChowNow, the online ordering platform for local restaurants, announced Wednesday (May 8) it has raised $21 million in venture funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....