Berkshire Hathaway, the Warren Buffett-helmed conglomerate that owns Geico, upped its stake in Bank of America (BoA) by over $800 million, in what the Financial Times (FT) reported is a vote of confidence in the lagging U.S. banking sphere. Get the Full Story Complete the...
Hedge fund billionaire Bill Ackman launched his “special purchase acquisition company” (or SPAC) on the New York Stock Exchange (NYSE) Wednesday (July 22), positioning the vehicle as a better alternative for taking a promising private company public. Get the Full Story Complete the form to...
Hippo, the tech startup that provides home insurance digitally, has raised $150 million in a funding round that brings its valuation to $1.5 billion, the Palo Alto, Calif.-based company announced Tuesday (July 21). Get the Full Story Complete the form to unlock this article and...
Gett, which provides corporate taxi services, has raised $100 million in a funding round, the company announced on its blog. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
A panel established to grow the United Kingdom’s financial technology (FinTech) sector plans a review of the industry to identify opportunities for growth, the government announced Tuesday (July 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Policybazaar is gearing up for a $500 million initial public offering (IPO) as the online insurance platform drives a wave of rising demand for coverage from India’s rising middle class. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Ant Group, the online payments division arm of Alibaba Group Holding Ltd., China’s eCommerce superstore, plans to file an initial public offering (IPO) on Shanghai’s Nasdaq-style STAR Market and the Hong Kong Stock Exchange, the company announced Monday (July 20). Get the Full Story Complete the...
A joint venture for an advisory partnership between Vanguard and Ant Financial in China has hooked 200,000 clients in in its first 100 days, Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
London-based car subscription service Drover has notched 20.5 million pounds (approximately $25.7 million) in funding that RTP Global, Autotech Ventures and Target Global co-led, Silicon Canals reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...