Expansion

The action of becoming larger or more extensive. Expansion is the phase of the business cycle where real GDP grows for two or more consecutive quarters, moving from a trough to a peak.

(source: investopedia.com)

Norwegian Online Grocery Store Oda Raises $150M for Expansion
Norwegian Online Grocery Store Oda Raises $150M for Expansion
December 06, 2022  |  eCommerce

Norwegian online grocery store Oda has raised 1.5 billion Norwegian krone (about $150 million).  The firm said the capital came from both new and existing investors and...

READ MORE >
FinTech Revolut Eyes Japanese Expansion
FinTech Revolut Eyes Japanese Expansion
November 29, 2022  |  Digital-First Banking

British FinTech startup Revolut is looking at Asia to continue its rapid growth.  Revolut has 25 million customers — primarily in Europe — and aims to...

READ MORE >
Globant Buys eWave to Grow Digital Commerce Capabilities in APAC
Globant Buys eWave to Grow Digital Commerce Capabilities in APAC
November 17, 2022  |  Acquisitions

Digital transformation firm Globant has acquired digital commerce specialist eWave to reinforce Globant’s capabilities and support its expansion into Australia and several Asian countries.  The acquisition will add eWave’s...

READ MORE >
OCC to Open Office of Financial Technology
OCC to Open Office of Financial Technology
October 27, 2022  |  Regulation

Noting the rapidly changing banking landscape, the Office of the Comptroller of the Currency (OCC) has announced it will establish an Office of Financial Technology...

READ MORE >
Google Pays $100M for AI Avatar Startup Alter
Google Pays $100M for AI Avatar Startup Alter
October 27, 2022  |  Acquisitions

Google has reportedly acquired artificial intelligence (AI) avatar startup Alter — which was formerly known as Facemoji — for $100 million. The purchase took place...

READ MORE >
Western Union Applies for Crypto-Related US Trademarks
Western Union Applies for Crypto-Related US Trademarks
October 25, 2022  |  Cryptocurrency

Western Union reportedly may be considering adding cryptocurrency-related products and services. The firm has filed several trademark applications that are related to crypto, U.Today reported...

READ MORE >
Walmart-backed Flipkart Looks to Raise Up to $3B on $40B+ Valuation
Walmart-backed Flipkart Looks to Raise Up to $3B on $40B+ Valuation
October 25, 2022  |  Walmart

In an attempt to expand its eCommerce reach in India, Walmart is considering raising up to $3 billion for its eCommerce brand Flipkart, currently at...

READ MORE >
Fidelity Ups Digital Asset Hiring as Crypto Firms Struggle
Fidelity Ups Digital Asset Hiring as Crypto Firms Struggle
October 23, 2022  |  Cryptocurrency

Fidelity Investments will hire 100 more workers for its digital assets operations as it expands on its efforts to lure talent away from struggling crypto...

READ MORE >
Mexico’s BNPL App Nelo Nets $100M Credit Line for Expansion
Mexico’s BNPL App Nelo Nets $100M Credit Line for Expansion
October 19, 2022  |  BNPL

Mexican BNPL app Nelo has gotten a $100 million credit facility from Victory Park Capital, which will help it grow its business and cushion its...

READ MORE >