Investments

Investments
India-Based Banking Startup Open Raises $30M To Help SMBs
June 25, 2019

A “neo-bank” startup called Open and based in Bangalore has raised $30 million in a Series B funding round, according to a report by TechCrunch. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Investments
Grab Backs UK Startup Splyt Technologies
June 25, 2019

In a move that will extend the reach of its services outside of Southeast Asia, Grab has extended a partnership with Splyt Technologies and invested in the United Kingdom-based startup. Through the technology, Grab users venturing beyond that region can make ride reservations and have...

Fintech Investments
Monzo’s Valuation Now At £2 Billion
June 25, 2019

Monzo, a London-based digital bank, has raised £113m in new funding as of this week, bringing the firm’s total valuation to £2 billion at the early outset of its expansion into the U.S.  The funding round was led by Y Combinator through its Continuity Fund....

Investments
Ford-Backed Argo AI Spends $15M On Autonomous Vehicle Research
June 25, 2019

Argo AI announced that it has pledged $15 million over five years to fund the Carnegie Mellon University (CMU) Argo AI Center for Autonomous Vehicle Research. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Investments
Fortino Capital Backs Dutch T&E Firm Declaree
June 24, 2019

Fortino Capital Partners revealed that it has invested in Declaree, expanding its portfolio of travel and expense management companies. 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...

Investments
Chinese P2P Lender Dianrong Completes Funding Round
June 21, 2019

Chinese P2P lending company Dianrong, which offers lending solutions and investment products, has completed its latest funding round, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Investments
Xealth Raises $14M In Series A
June 21, 2019

Digital health startup Xealth has announced that it has raised an additional $3 million in its Series A financing, bringing the total amount raised in this funding round to $14 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

IPO
Slack, Like Spotify, Chooses Direct Listing To Go Public
June 20, 2019

Messaging company Slack is planning to use a direct listing method to go public instead of an IPO, according to CNBC. A direct listing, which Spotify used when it went public in April of 2018, means that Slack won’t have to use underwriters (go-betweens that...

IPO
Slack CEO Weighs In On The End Of (Some) Email 
June 20, 2019

Is the era of email coming to an end? Maybe — and maybe in several years. Slack CEO and Co-Founder Stewart Butterfield was quoted by CNBC as stating in an interview that email — at least in some ways — will soon see the end...