Remitly, one of the fastest-growing remittance services, has hit a new milestone with over $1 billion in annual transfers. 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...
Chinese Internet giant Tencent Holdings Ltd. is raising about $2 billion in a syndicated loan for expanding its business in financial services and powering new acquisitions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
In the latest sign that Silicon Valley still can attract attention, and funding, even amid the continued worries about startups, tech valuations and unicorns, Peter Thiel and his colleagues have scooped up a tidy $1.3 billion to close Founders Fund VI. Get the Full Story...
The FinTech world can be divided between public and private companies. Publicly traded companies have had a tough time the last several months. Key fallen stars have included Lending Club and OnDeck Capital, which Bloomberg noted have fallen by more than 40 percent since their debuts...
Mintos, a Latvian P2P lending startup, which provides a platform for investors to finance nonbank lender loans, has raised $2.2 million in a seed funding round led by Riga, Latvia-based VC Skillion Ventures. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
LinkedIn’s dismal guidance set the stage for a massive selloff in tech stocks on Friday. But there are other clouds gathering on the horizon for momentum-propelled stocks — and not just social media companies.
FinTech firm Spotcap, based in Berlin and founded and backed by Rocket International, focuses on small business lending and has just grabbed €31.5 million ($34.4 million) in its latest funding round. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The Iowa caucus dust may be barely settled, but one force may continue to be a powerful one, regardless of the eventual nominees of either U.S. political party: Wall Street. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
It is not just the East Coast grappling with winter chill; even the West Coast has tech investments that are continuing to cool down with a slide in public and private valuations. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
