Investments

Investments
Business Expense Card Co Pleo Raises $56M
May 14, 2019

Danish FinTech company Pleo, which touts a “business spending platform” that simplifies the expense management process for employees, has raised $56 million in a series B funding round, according to a report by TechCrunch. Get the Full Story Complete the form to unlock this article...

Investments
Shares In Jumia Technologies Tumble After Q1 Results
May 13, 2019

Shares in African eCommerce company Jumia Technologies took a dive on Monday (May 13) after Q1 losses were reported to be bigger than the year before, according to a report from Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy...

Investments
China’s BAIC Aims To Acquire 5 Pct. Of Daimler
May 12, 2019

BAIC Group, the Chinese automotive company, wants to buy 5 percent of Daimler, reported Reuters. 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 newsletter,...

Investments
Jumia’s Shares Slide On Fraud Claims By Short Seller
May 10, 2019

Following a claim of fraud by a short seller, shares in eCommerce firm Jumia fell by almost 25 percent by midday New York time on Friday (May 10) and traded at $20.30 at one point, the Financial Times reported. The stock, however, was trading higher...

Investments
African FinTech Payment Startup Chipper Cash Woos Investors, Including Joe Montana
May 09, 2019

African FinTech payment startup Chipper Cash has attracted some high-profile investors and raised $2.4 million in a funding round, according to a report in TechCrunch. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
ChowNow Raises $21M, Launches Food Ordering Site
May 08, 2019

ChowNow, the online ordering platform for local restaurants, announced Wednesday (May 8) it has raised $21 million in venture funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
SoFi Introduces Index Fund Aimed At Gig Economy
May 08, 2019

San Francisco-based FinTech startup SoFi, known as a company that deals with student debt, has been steadily expanding into other markets, like home and personal loans, among other things. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
Megvii Raises $750M For $4B Valuation
May 08, 2019

Megvii, the Chinese artificial intelligence (AI) company that goes by the name Face++, announced on Wednesday (May 8) that it has raised $750 million in funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
Ride-Hailing Startup Gett Nets $200M In Funding
May 07, 2019

Gett, an Israel-based ride-hailing startup that focuses on high-end B2B clients, has raised $200 million, which places its value at $1.5 billion, according to a report by TechCrunch. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...