The U.S. Securities and Exchange Commission (SEC) said on Friday (May 28) that it has filed “an action” against five people, alleging that they marketed an international “global unregistered digital asset securities offering” that brought in more than $2 billion from retail investors, according to...
Listing activity quickened a bit into holiday weekend, adding to year-to-date tallies. The PYMNTS IPO/SPAC Tracker recorded that through the end of the last week in May (and headed into Memorial Day weekend in the U.S.), there were 16 payments-related initial public offering (IPO) announcements, outpaced by...
Online FinTech startup Social Finance, otherwise known as SoFi, is expected to go public June 1 following a merger Friday (May 28) with a special purpose acquisition company (SPAC) known as Social Capital Hedosophia Holdings V. Get the Full Story Complete the form to unlock...
Motor vehicle refinance FinTech MotoRefi raised $45 million in a Series B funding round led by Goldman Sachs Asset Management, the company said in a press release on Friday (May 28). Participants in the round included new investor IA Capital and previous backers Moderne Ventures,...
If there was any doubt as to whether there is an initial public offering (IPO) boom, just take a look at the numbers: There have been 488 IPOs in 2021 so far, compared to just 62 this time last year. Get the Full Story Complete...
India’s Tata Sons has acquired a majority stake in online grocery retailer BigBasket. As Reuters reported Friday (May 28), this move puts the firm the same arena as Amazon, Walmart’s Flipkart and Reliance Industries. Get the Full Story Complete the form to unlock this article...
A new report on Friday (May 28) by the International Finance Corporation (IFC) found that women could drive more than $280 billion to Southeast Asia’s eCommerce market between 2025 and 2030. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
U.S. lawmakers have opened an investigation into FinTechs Kabbage and BlueVine, along with their partner banks, for their role in the distribution of billions of dollars in COVID relief money to small businesses. Get the Full Story Complete the form to unlock this article and...
In today’s top payments news around the world, Ada Health has notched $90 million in a Series B fundraise headed up by Leaps by Bayer, while Wayflyer has landed $76 million in funding. Plus, ToditoCash has disbursed 200,000 cash payments for the social media platform...
