A Mexican food chain in the U.K. called Chilango turned to an unlikely source to fund expansion recently: its customers. The chain promised returns of 8 percent a year and free food for life, according to a report by the Financial Times. Get the Full...
An artificial intelligence (AI)-powered travel bot called Eddy Travels has raised about $500,000 in a pre-Seed funding round, according to reports. The funding round was led by Techstars Toronto, Open Circle Capital from Lithuania, Practica Capital, and angel investors from North America and Europe. Get...
The leaders behind Klarna, Minecraft and Candy Crush Saga are joining other startup founders and H&M’s founding Persson family to fund firms that are trying to solve the world’s biggest problems, the Financial Times (FT) reported Monday (Dec. 23). Get the Full Story Complete the...
Uber co-founder and former CEO Travis Kalanick is exiting his stake in the popular ridesharing company. 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 to our daily...
With an investment that reportedly tops off a record year for the company, Ripple announced that it notched $200 million in Series C funding. The investment also continues to prove blockchain’s value in enhancing global payments as well as XRP’s and XRP Ledger’s wider utility,...
In a Series E round headed up by Abu Dhabi’s Mubadala state investment company, Spain’s on-demand delivery app Glovo has notched €150 million ($166 million) in funding. The company’s raise comes after a €150 million round that was announced in April and $134M in a Series C...
Insurance purchasing and management platform Huckleberry has raised $18 million in a Series A funding round led by Tribe Capital, with participation from Amaranthine, Crosslink Capital and Uncork Capital, Huckleberry announced in a press release on Wednesday (Dec. 18). Get the Full Story Complete the...
With conditions that clear up a trove of cash for WeWork, the office space and workplace solutions firm has received $1.75 billion in new financing in a drive for fundraising headed up by Goldman Sachs Group, Inc. The new credit line is said to be the...
Chipper Cash, a FinTech startup in Africa that facilitates cross-border peer-to-peer (P2P) payment services in Kenya, Rwanda, Tanzania, Nigeria, Uganda and Ghana, has raised $6 million in a seed round led by Deciens Capital, according to a report. Get the Full Story Complete the form...
