Daimler, the German carmaker that owns Mercedes-Benz, has acquired a stake in Taxify, the ride-booking startup, in a round of fundraising that gives Taxify a valuation of greater than $1 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Acorns, the mobile investing platform that takes spare change and invests it on behalf of its customers, has reached more than 3.5 million customers, with most investing around $50 or $60 per month. Get the Full Story Complete the form to unlock this article and...
Ahead of an expected initial public offering (IPO), Alibaba’s investment arm Ant Financial has secured $10 billion in funding from global and local investors, and declared a valuation of $150 billion — more than double its valuation after its last funding round in April 2016,...
Rocket Internet, the Germany eCommerce company, is aiming to invest in financial technology and artificial intelligence startups with the $3 billion in cash it has, reports Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Howard Marks, Founder of Oaktree Capital, warned that private equity (PE) firms are reducing their standards in terms of what they will invest in, and paying high prices that could impact returns for investors. Get the Full Story Complete the form to unlock this article...
Variable annuities (VAs), a widely criticized retirement savings product, is coming back thanks to President Donald Trump and his administration, which is gearing up to get rid of tough rules put in place by the Obama Administration. Get the Full Story Complete the form to unlock this...
Investing? In Uber, in Airbnb, in the big guns and the up-and-coming pistols of tech? 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,...
Rover, the world’s largest network of pet sitters and dog walkers, has announced that it secured $125 million in new capital. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Uber, the ride-hailing company, plans to pour its profits into expanding its products and investing in technology in emerging markets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
