Accounts payable (AP) and payment automation solution company AvidXchange has raised $260 million in equity capital in a financing round, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
While no figure has been suggested yet, SoftBank has reportedly offered to invest a maximum of $40 billion in a new capital city Indonesia intends to create on Borneo island. Indonesian President Joko Widodo made plans known in August to move the administrative capital to take the...
Shared workspace and real estate company WeWork only signed four new leases in Q4, a drop of 93 percent in leasing activity, after its failed IPO attempt, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and...
French payments startup Lydia closed a $45 million (40 million euro) series B round led by Tencent, with participation from existing investors CNP Assurances, XAnge and New Alpha, TechCrunch reported Wednesday (Jan. 15). Get the Full Story Complete the form to unlock this article and...
Berlin-based “pay as you go” tech subscription startup Grover has closed an asset-backed financing deal that adds to its existing debt facility with Varengold Bank to the tune of €250 million, according to a report by TechCrunch. Get the Full Story Complete the form to...
Capitalizing on a major ideological shift within technology firms, online privacy and security company Trusona has raised $20 million, with contributions from Georgian Partners, Microsoft’s M12, Kleiner Perkins, OurCrowd, Seven Peaks Ventures and Akamai. Trusona utilizes popular new technologies other than passwords — including biometrics...
After a report indicated Pinterest came out ahead of Snap Inc.’s Snapchat to take the spot as the third-largest social media platform in the United States, shares of the social media firm jumped by as high as 13 percent on Tuesday, Bloomberg reported. Get the...
Supply chain FinTech Tradeshift has raised $240 million from new and existing investors, but is holding off on an initial public offering (IPO) in favor of focusing on profitability, the company announced on Tuesday (Jan. 14). Get the Full Story Complete the form to unlock...
The tours and experiences market is rapidly growing, and analysts predict that it will be worth $183 billion in 2020. One particular startup, ToursByLocals, aims to capitalize on this trend. The company has gotten a significant investment in a funding round to aid its expansion,...
