PPRO Group, a U.K. cross-border ePayment provider, announced on Monday (July 16) a $50 million round of investment led by PayPal. In a PayPal press release, the company said that in addition to its investment, Citi Ventures and returning investor HPE Growth Capital participated in...
Klarna — the Swedish FinTech that gives consumers 30 days to pay for their purchases, letting them return them before actually shelling out the money — is in expansion mode and is gearing up to launch its first banking product. Get the Full Story Complete the...
Sources are reporting that R3 — a blockchain-software company that works with big companies such as Intel, Microsoft, U.S. Bank and Wells Fargo — is considering going public. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Paidy, the company that instantly issues post-pay credit accounts linked to mobile phone numbers, announced on Thursday (July 12) that it raised $55 million in a round of funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
JD.com’s finance unit has raised $1.96 billion in a new round of funding. 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, PYMNTS Today....
On Tuesday (July 10), L Catterton Asia, the Asian unit of consumer-focused private equity firm L Catterton, and Chinese retailer JD.com announced a strategic partnership with Secoo Holding Limited, one of Asia’s online integrated upscale products and services platforms. Through the partnership, L Catterton Asia...
Tencent, the Chinese company, is gearing up to spin off its Internet-based music business with a listing of shares to happen in the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Though not much of a surprise to anyone, speaker company Sonos has filed to go public, and will likely be trading on the public markets by the end of the month. The Wall Street Journal first reported that a June IPO was in the firm’s future...
Following regulatory approvals, Walgreens Boots Alliance said on Thursday (July 5) that the company completed an agreement to acquire a 40 percent stake of Sinopharm Holding GuoDa Drug Store. Walgreens received the stake in the Chinese pharmacy chain for a capital increase of approximately $416...
