Once-mighty payments giant Wirecard reportedly faked client data and was lying about internal records in order to get a SoftBank investment for €900 million ($913 million), a report from Financial Times (FT) says. The report said this investment was seen as a “vote of confidence”...
New Delhi-based B2B marketplace TradeIndia has rolled out TradeIndia Lending (TI Lending), a new loan service for micro-, small- and medium-sized enterprises (MSMEs), according to a Financial Express report Friday (July 8). CEO Sandip Chettri said TradeIndia was launching the product because the company discovered...
A recession could be on the horizon for the U.K., with companies facing both slowing consumer demand and inflation that has ballooned costs, the Financial Times wrote Sunday (July 10). To counter the impact, several companies have reportedly begun “war gaming,” with some of them...
Business-to-business (B2B) agri-commerce company WayCool Foods raised the equivalent of $6.5 million in debt funding to make technology-related expansions, according to multiple news reports. The funding was led by Stride Ventures, which has been expanding its portfolio of new-age Indian startups across different sectors. The...
Deal or no deal? Apparently, the deal is a no, if Elon Musk has his way about his planned $44 billion purchase of the social media platform Twitter. Musk said his advisers sent a letter on Friday (July 8) to Twitter formally notifying the company...
Dog days of summer got you down? Try looking at your puppy. When they look back so does 33,000 years of evolution that’s taught them how to work the levers of human emotion. We believe this has commercial applications. In fact, it’s working already. Skeptical?...
Eid-ul-Adha falls on the tenth day in the final month of the Islamic Lunar Calendar. That means that this year, it starts on Saturday (July 9), with festivities continuing for two to four days, depending on the country. With over 2.6 million Muslims in the...
Today in B2B payments, Zwilling offers supply chain financing through partnership with Traxpay, and PYMNTS offers five key questions to help you asses your risk of B2B payments fraud. Plus, upSWOT and Wipro collaborate on financial tools for SMBs. Embedded Finance Takes on Supply Chain...
Stockholm-based startup ArK Kapital has secured an additional 150 million euros (about $153 million) in funding to invest in European technology founders, Tech Funding News reported Friday (July 8). The company now has a capital pool of 300 million euros (about $305 million), according to...
