Investments

Investments
SoftBank Posts $18B Loss As Jack Ma Exits Board
May 18, 2020

Japanese multinational conglomerate SoftBank Group posted a record-breaking $18 billion operating loss right after Alibaba co-founder Jack Ma announced he was stepping down from the board, according to a company announcement on Monday morning (May 18). Get the Full Story Complete the form to unlock...

Investments
General Atlantic Latest To Pony Up Cash For Stake In India’s Jio Platforms
May 17, 2020

The New York-based private equity firm General Atlantic closed an $870 million deal for a 1.3 percent stake in Jio Platforms, the digital subsidiary of Reliance Industries in India. The deal puts Jio’s valuation at $65 billion, according to a report in The Financial Times (FT)...

IPO
Payments Tech Startup Shift4 Payments Files IPO Plans
May 17, 2020

Payments technology firm Shift4 Payments, headquartered in Allentown, Pennsylvania, filed for an initial public offering (IPO), according to a Securities and Exchanges Commission filing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
Investor Concerns Over Credit Losses Pull US Bank Stocks Down
May 15, 2020

The U.S. banking industry is the runt of the litter of the current stock market rally as interest rates sink and loans crumble, according to Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Investments
Monzo Closes In On New Funding As Valuation Plunges 40 Pct 
May 15, 2020

London FinTech unicorn Monzo is closing in on a new funding round as it faces a near 40 percent drop in valuation due to coronavirus pandemic economic fallout, according to a report in the Financial Times on Friday (May 15), citing sources. Get the Full...

Investments
Chicago’s Tock Raises $10 Million For Upscale Takeout
May 13, 2020

Chicago-based restaurant booking platform Tock raised $10 million in a Series C funding round led by Valor Siren Ventures with participation from Origin Ventures.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
Pizza Delivery Platform Slice Nets $43M To Boost Online Ordering
May 13, 2020

Online pizza delivery firm Slice was the beneficiary this week of a $43 million investment from private equity firm KKR & Co. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

IPO
Digital Car Buying Platform Vroom To Test IPO Waters In June
May 11, 2020

Vroom, the online used-car sales startup, is eyeing an initial public offering (IPO) for June of this year, according to sources familiar with the company’s inner-workings, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Investments
Private Equity Co. Eyes Investing In India’s Jio Platforms
May 10, 2020

General Atlantic (GA) is said to be negotiating an $850 million to $950 million deal for a stake in the Indian telecom company Reliance Jio, Bloomberg said in a report on Friday (May 8), citing sources acquainted with the negotiations. Get the Full Story Complete...