India-based cross-border payments company Xflow raised $16.6 million in new funding. “This milestone strengthens our mission to simplify cross-border payments for Indian exporters,” the company said in announcing its Series A round in a LinkedIn post Tuesday (Feb. 24). Investors included PayPal Ventures, Stripe, General...
Stripe was valued at $159 billion in a tender offer designed to provide liquidity to current and former employees, the programmable financial services company said in a Tuesday (Feb. 24) update. The figure is up from the $106.7 billion valuation the company achieved in September...
Hong Kong-based stablecoin payments firm RedotPay is reportedly planning to go public. The company is weighing a U.S. initial public offering (IPO) that could raise more than $1 billion, Bloomberg News reported Tuesday (Feb. 24), citing sources familiar with the matter. These sources say RedotPay is working with...
California-based startup ZaiNar has raised $100 million to develop an artificial intelligence (AI)-powered GPS alternative. That $100 million figure includes the $10 million the company recently took in, valuing it at $1 billion, the company said in a Thursday (Feb. 19) press release. ZaiNar said...
Cloud technology company Render has raised $100 million in new funding. The firm’s Series C extension, announced Tuesday (Feb. 17), values Render at $1.5 billion and will help it build cloud runtime for artificial intelligence (AI) agents and applications. “Traditional web apps rely on short-lived,...
Activist investor Jana Partners has reportedly purchased a stake in payments company Fiserv. Now, Jana is campaigning for changes to boost Fiserv’s underperforming stock, The Wall Street Journal (WSJ) reported Tuesday (Feb. 17), citing sources familiar with the matter. As the WSJ notes, Fiserv, which offers FinTech services...
Cut off from the housing market, Generation Z is reportedly turning to the stock market. The number of people between 25 and 39 making yearly transfers to investment accounts more than tripled between 2013 and 2023 to 14.4%, surpassing those for people 40 and above,...
Japan-based PayPay filed for a U.S. initial public offering Thursday (Feb. 12), saying it aims to continue expanding the capabilities of its digital finance platform. In its filing with the Securities and Exchange Commission, the company did not specify the number of shares to be offered or the IPO price range...
Apptronik has raised $520 million as it prepares to launch a new humanoid robot. The Austin-based company announced its Series A-X funding round Wednesday (Feb. 11), with investors including Google and AT&T. The round brings the company’s total Series A funding to more than $935...