PhonePe, India’s largest digital payments company, is reportedly preparing to go public. The Walmart-backed company filed preliminary documents via the confidential route for an initial public offering (IPO), Bloomberg reported Wednesday (Sept. 24). The IPO could raise up to $1.5 billion and value the FinTech...
Artificial intelligence (AI) startup Cohere is now a $7 billion company. The firm announced Wednesday (Sept. 24) that it had achieved that valuation after raising $100 million in new funding. “We will use this funding to further accelerate the development and global adoption of our security-first enterprise AI technology...
Risk/reputation intelligence platform Signal AI is in expansion mode after raising $165 million. The new funding round, led by tech investor Battery Ventures and announced Wednesday (Sept. 23), will help U.K.-based Signal make acquisitions that help it deepen data collection, sector expertise and artificial intelligence research. In addition, the company...
PayPal is investing $100 million to support digital commerce in the Middle East and Africa. The investment is to be deployed via minority investments, acquisitions, PayPal Ventures funding and people/technology deployments. The goal is to help local businesses scale, open new opportunities for innovators, and “bring...
Payments infrastructure FinTech Stripe’s valuation has reportedly reached a record $106.7 billion. That’s according to a report Tuesday (Sept. 23) by Bloomberg News, citing a person with direct knowledge of the matter. Another person familar with the valuation later confirmed this figure for PYMNTS. The...
Crypto and stablecoin infrastructure platform zerohash has raised $104 million in new funding. This Series D-2 raise will help zerohash do things like speed product expansion and hire new talent, the company said in a news release Tuesday (Sept. 23). The release notes that this round is happening amid...
Blockchain-based payments firm Fnality International has raised $135 million in new funding. The U.K. company’s Series C round, announced Tuesday (Sept. 23), was led by WisdomTree, Bank of America, Citi, KBC Group, Temasek and Tradeweb, with participation from investors that included Goldman Sachs, Barclays and Santander. “This latest capital...
Business travel and expense management platform Navan is preparing to go public. The company filed its registration statement for an initial public offering with the Securities and Exchange Commission Friday (Sept. 19), sharing its plans to list on the Nasdaq. The statement showed the travel...
The bank holding company for Tennessee-based Commercial Bank launched its initial public offering. Commercial Bancgroup and some of its shareholders plan to offer a total of 3,738,317 shares of common stock, with the selling shareholders expected to grant the underwriters a 30-day option to purchase...