Paymob, an Egypt-based FinTech company, raised $35 million in pre-Series C funding, the company said in a Monday (Sept. 21) post on LinkedIn. Paymob said in the post that it will invest the new funding in “wider payment coverage across our [Middle East and North...
Anthropic plans to launch its initial public offering in November, later than the October debut many investors had expected, The Wall Street Journal reported Friday (Sept. 18), citing unnamed sources. The November date may have been chosen to allow Anthropic to share its third-quarter financials,...
Revolut’s co-founder and CEO says the FinTech is considering a dual London and New York stock market listing. In an interview Thursday (Sept. 17) with French newspaper Les Echos, Nik Storonsky said the company wanted to list in the U.S. as the market there provides more liquidity and a...
Saudi Arabia-based buy now, pay later FinTech Tabby has raised $230 million in new funding. The financing, announced Monday (Sept. 14), values Tabby at $6.5 billion and will be used to expand the company’s buy now, pay later (BNPL) offering in the Gulf region. “We now have consumer and...
Stablecoin payments and treasury platform Velocity has raised $10 million in new funding. The financing will support Velocity’s work to provide stablecoin infrastructure to issuers, acquirers, payment providers, financial institutions and merchants, the company said in a news release Tuesday (Sept. 15). The extension of the company’s Series A...
Legal industry-focused artificial intelligence startup Harvey is valued at $15.5 billion after raising $550 million, according to a Wednesday (Sept. 9) press release. The new funding will boost Harvey’s work in helping law firms, professional services companies and in-house legal teams build their own intelligence,...
Kapital, a financial institution providing access to business capital across Mexico, Colombia, Spain and the United States, secured $125 million in new financing, the company said in a Wednesday (Sept. 9) press release. Kapital will use the financing to accelerate product innovation around its proprietary...
Payments tech company Zeal, based in the United Kingdom, raised $10 million to expand its merchant loyalty product, according to a Wednesday (Sept. 9) press release. The funding will help support the rollout of Zeal’s technology to over 4 million card machines over the next...
PayPal has paused its planned sale of its venture capital portfolio after offers came in at no higher than 60 cents on the dollar, Seeking Alpha reported Friday (Sept. 4), citing a paywalled article by Axios that was based on unnamed sources. The investments in PayPal’s portfolio include shopping...