Investments

IPO
Paytm’s Busted IPO Shows Investors’ Fears Over Long-Term Prospects 
November 18, 2021

Paytm’s debut this week on the Bombay Stock Exchange, at the time of this writing, looks like the Ishtar of initial public offerings (IPOs). Lots of money and some star power – and out of the gate, it’s sinking like a stone. Get the Full...

Investments
Blackstone Finalizes Majority Investment of SPANX, Inc., Driving Valuation to $1.2B
November 18, 2021

Global investment firm Blackstone has completed a majority investment in womenswear brand SPANX, Inc., pushing the 21-year-old company’s valuation to $1.2 billion and enticing several celebrities to invest, according to a Thursday (Nov. 18) press release. Get the Full Story Complete the form to unlock...

Investments
Authentication Firm Stytch Raises $90M in Series B Funding at $1B Valuation
November 18, 2021

Passwordless authentication platform Stytch on Thursday (Nov. 18) announced that it has raised $90 million in a Series B fundraising round that values the fledgling firm at $1 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

IPO
Sweetgreen Reveals Higher-Than-Expected IPO Pricing
November 18, 2021

Sweetgreen Inc. has unveiled the price of its initial public offering (IPO), with the salad chain saying it would sell 13 million shares of Class A common stock at $28 per share, higher than earlier projections. Get the Full Story Complete the form to unlock...

Investments
Global FinTech Airwallex Closes $100M Series E at $5.5B Value
November 18, 2021

Global FinTech Airwallex raised $300 million in an oversubscribed Series E1 funding round that includes an additional $100 million, giving the Melbourne, Australia, startup a $5.5 billion valuation, according to a press release emailed to PYMNTS. Get the Full Story Complete the form to unlock...

IPO
Paytm Shares Plunge in India’s Market Debut
November 18, 2021

Shares tumbled an estimated 25 percent in Paytm’s trading debut on the Bombay Stock Exchange, with shares trading at ₹1,614 hours after opening at ₹2,150, giving the company an estimated $14.2 billion valuation, according to multiple reports. Get the Full Story Complete the form to...

Fintech Investments
UK FinTech Lands $3.4M to Help SMBs Turn Smartphones Into POS Terminals
November 17, 2021

For small and medium-sized businesses in emerging markets that can’t afford card point-of-sale (POS) hardware, U.K.-based FinTech Nomod couldn’t have come at a better time. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Investments
B2B Marketplace Ula Closes Series B Round with Additional $23.1M
November 16, 2021

B2B marketplace Ula has closed out its $87 million Series B funding round with an additional $23.1 million, bringing the total funding to $110.1 million, according to reports on Tuesday (Nov. 16). Get the Full Story Complete the form to unlock this article and enjoy...

Investments
Upgrade at $6B Valuation After $280M Series F Funding 
November 16, 2021

Credit and mobile banking platform Upgrade, Inc. on Tuesday (Nov. 16) announced it has raised $280 million in a Series F fundraising round led by Coatue Management and DST Global, and is now at a $6 billion pre-money valuation.  Get the Full Story Complete the...