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investments
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562B2B PaymentsBrex Propels B2B FinTech Into Investors’ Spotlights
Commercial card startup Brex captured headlines this week when it confirmed a significant funding round that propelled the two-year-old startup’s valuation to...
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760StartupsGE Seeks To Unload 100 Startups From Portfolio
GE Ventures wants to sell its portfolio of more than 100 startups. Sources told CNBC the move is is designed to help parent...
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1.6KRetailBeer Makers Cozy Up To Legal Retail Cannabis
It’s hard to tell from the PYMNTS New Orleans bureau (where crawfish have given way to punishing sub-tropical heat), but U.S. consumers...
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2.4KIPOChina’s Megvii Might Postpone IPO
Chinese facial recognition company Megvii might decide to postpone its initial public offering (IPO), due to tensions and the trade war between...
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1.6KB2B PaymentsSBA Promotes Credit Union SMB Lending
When it comes to small business (SMB) lending, the top two contenders for business owners are banks and alternative financiers or online...
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982FacebookFacebook Preps GlobalCoin Launch
Facebook is set to announce its cryptocurrency later this month, and will reportedly even allow the project’s employees to get paid in...
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1.1KRidesharingAnalysts Sanguine On Uber Despite (Growing) Red Ink
Come on in, the water’s fine. That red ink? Never mind. It’s no secret that ride-hailing firms have had a rough go...
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1.6KInvestmentsGuardKnox Secures $21M To Boost Cybersecurity For Connected Cars
Automotive cybersecurity company GuardKnox announced it has secured $21 million in a Series A round of funding, bringing its total raised to...
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1.0KInvestmentsHighspot Secures $60M In Funding Round Led By ICONIQ Capital
Sales enablement platform Highspot announced it has secured $60 million in Series D funding. ICONIQ Capital led the round, with participation from...
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2.6KInvestmentsBiz2Credit Raises $52M In Funding To Expand
Biz2Credit, the online lending platform that helps banks and other financial institutions manage small and medium-sized business (SMB) lending processes, announced Tuesday...
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3.5KInvestmentsWorldRemit Raises $175M For Global Expansion
WorldRemit, the mobile payments company, announced Monday (June 3) that it raised $175 million in venture funding. In a press release, WorldRemit...
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5.7KInvestmentsGroupon Co-founder Snags $200M For Genomic Testing Company
Groupon Co-founder Eric Lefkofsky’s new company has raised another $200 million in funding. Tempus announced the new financing at a value of...
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1.9KCredit UnionsHow Top-Performing CUs Innovate With Data Analytics
In the financial services industry, knowledge is power. For credit unions (CUs), data analytics can deliver that insight, helping them to more...
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989LoansSoftBank Seeks Loan To Kick Back Cash To Investors
SoftBank’s Vision Fund is reportedly looking to borrow $4 billion in an effort to give some cash back to its investors. Sources...
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1.7KInvestmentsDashlane Raises $100M, Names New CMO
Credential and digital identity management solution company Dashlane announced Thursday (May 30) it raised $110 million in funding and appointed Joy Howard...
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1.6KInvestmentsYapily Raises $5.4M To Connect UK FinTechs To Banks
Yapily, the U.K.-based FinTech startup, has raised $5.4 million in a seed round of funding. According to a press release covered by...
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1.4KB2B PaymentsSMB Lender Claims Germany’s First Regulated STO
A blockchain-powered small business (SMB) lending FinTech in Germany is claiming to undertake the country’s first “regulated” Security Token Offering (STO), according...
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2.7KInvestmentsBrex Hits $2B Valuation Two Years After Launch
San Francisco-based startup Brex is set to close on new funding at a valuation of more than $2 billion. Brex — which...
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1.5KInvestmentsBain Capital Raising $1B Fund For Software, Cybersecurity
Sources have revealed that long-standing private equity firm Bain Capital is trying to raise $1 billion to launch a new technology fund...
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1.5KToday In DataInnovating With Payments To Compete In Saturated Markets
Gig, eCommerce and public utility firms are putting the spotlight on payment innovations to remain competitive in markets that are becoming increasingly saturated. In...
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2.1KFintech InvestmentsRobinhood Nearing A Valuation Of At Least $7 Billion
Robinhood Markets, the operator of a free mobile trading app, is close to garnering a valuation of $7 billion or more. CNBC,...
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2.3KInvestmentsUpsie Raises $5M For Revamped Warranty Program
Warranty service company Upsie has raised $5 million in new funding, led by True Ventures. Techstars Ventures, Matchstick Ventures, The Syndicate Fund,...
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2.3KAlternative FinancesCould Income Share Agreements Displace Payday Loans?
Income sharing is not a common method of financing as of 2019 — though, as of late, it has begun to get...
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2.8KBitcoinBitcoin Price Rises Near $9K; Litecoin, Binance Far Exceed Bitcoin’s Growth
Bitcoin reached $8,937.25 early on Monday (May 27) — its highest level in more than 12 months. And analysts have pointed to...
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4.2KInnovationOpenFin’s Plans To Bridge The Financial Services Desktop App Gap
Building and deploying new apps for the financial desktops that keep Wall Street humming can be friction-filled endeavors. Traders and analysts juggle tasks...
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1.9KIPOCasper Could Be Nearing An IPO
With a $1.1 billion valuation and a growing share of the U.S. mattress market, Casper could be poised to be the latest...
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2.6KB2B PaymentsMultibillion-Dollar B2B FinTech Firms Emerge From Investors’ Pockets
The B2B FinTech market flexed its muscles this week, with investments landing at alternative small business lending, payroll and Software-as-a-Service (SaaS). However,...
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2.8KMarketsMoody’s Lowers Equifax Rating After Cyberattack
Moody’s has lowered its rating outlook on Equifax due to cybersecurity issues. Moody’s lowered the credit monitoring company’s outlook from stable to...
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1.7KSecurity & FraudGlitch Causes Deutsche Bank To Miss Suspicious Transactions
A software glitch that was in effect for almost a decade prevented Deutsche Bank from detecting potentially suspicious transactions that would be...
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2.9KFintech InvestmentsTransferWise Becomes Europe’s Most Valuable FinTech
TransferWise, the U.K. money transfer startup, has raised $292 million in a round of funding, giving it a valuation of $3.5 billion....
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2.2KPartnerships / AcquisitionsIndia’s Snapdeal Marketplace In Talks To Buy Rival ShopClues
Indian eCommerce company Snapdeal is reportedly in talks to buy its rival ShopClues in an all-stock deal. Sources said the due diligence...
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1.7KArtificial IntelligenceSenators Propose $2.2B AI Investment
Two senators have proposed new legislation that would allocate $2.2 billion toward federal research and development (R&D), and create a national artificial...
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2.1KInvestmentsAI-Driven Sales Startup People.ai Raises $60M In Funding Round
An artificial intelligence (AI)-driven predictive sales startup called People.ai has raised $60 million in a funding round, and has attracted some of...
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1.8KRetailIndia-Based Interior Design Startup Livspace Scores IKEA Investment
A popular interior design startup in India, Livspace, has received an investment from Ingka Investments, the venture capital arm of IKEA, according...
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2.3KInvestmentsFinancial Software Firm OpenFin Raises $17M
In a Wells Fargo & Co.-led round, financial services software startup firm OpenFin notched $17 million in funding. Barclays also participated in...
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2.3KBitcoinBitcoin Daily: Presidential Candidate Andrew Yang Supports Crypto; Crypto.com Platform Aims To Replace Bank Accounts
Democratic Presidential Candidate Andrew Yang, who recently launched a digital-asset platform, has revealed that he believes more regulatory frameworks for the crypto...
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2.0KInvestmentsUber/Lyft IPO Doldrums To Spill Over To WeWork?
They say a rising tide lifts all boats. Maybe the opposite is true, too, in a way – that a rocky sea...
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1.7KInvestmentsSingapore Payments Startup YouTrip Raises $25.5M For Apac Expansion
Singaporean multi-currency payments app YouTrip has raised $25.5 million in a pre-Series A funding round, the company announced on Thursday (May 16)....
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2.1KAmazonBuffett’s Berkshire Buys $860M Of Amazon Shares
Warren Buffett’s Berkshire Hathaway revealed in a regulatory filing that it owned $860.6 million of Amazon shares at the end of March....
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2.4KInvestmentsWeWork Announces $3B Fund To Invest In Its Own Rentals
WeWork, which recently renamed itself The We Company, has built a multibillion-dollar valuation with its business model of renting out spaces. The...
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2.4KFinancial InclusionJPMorgan To Invest $125M In Underserved Communities
JPMorgan Chase announced Wednesday (May 15) it is investing $125 million over the next five years to help the financial health of...
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1.6KInvestmentsRespond Software Closes $20M In Funding To Boost Operations
Respond Software announced that it has closed a $20 million Series B funding round, led by ClearSky Security, with participation from previous...
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2.9KInvestmentsSoftBank Shares Slide Along With Ride-hailing Stocks
Shares in Japan’s SoftBank Group have been sliding for three straight days, and closed 5.4 percent lower on Tuesday (May 14), according...
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2.0KInvestmentsBusiness Expense Card Co Pleo Raises $56M
Danish FinTech company Pleo, which touts a “business spending platform” that simplifies the expense management process for employees, has raised $56 million...
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4.5KInnovationWhy FIs Are Laser-Focused On Corporate Credit Innovation
Innovation has been the name of the game for financial institutions (FIs) large and small in recent years. While the overall pace...
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3.2KB2B PaymentsAI Leads More Than $1B In Funding For B2B Startups
The B2B venture capital (VC) train continues full steam ahead after last week’s lucrative deals. This week, investors placed more than $1...
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2.3KGlobal PaymentsFlagstone Notches £11m In Funding; Hong Kong Awards Virtual Banking Licenses
Welcome to The Axis, your late look at payments news from around the world. Coverage includes the Czech Republic-based Twisto’s €14 million...
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2.3KInvestmentsSoFi Introduces Index Fund Aimed At Gig Economy
San Francisco-based FinTech startup SoFi, known as a company that deals with student debt, has been steadily expanding into other markets, like...
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2.1KInvestmentsRide-Hailing Startup Gett Nets $200M In Funding
Gett, an Israel-based ride-hailing startup that focuses on high-end B2B clients, has raised $200 million, which places its value at $1.5 billion,...
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1.8KInvestmentsLuckin Aims To Raise $586.5M With IPO
Chinese coffee company Luckin, a fast-growing startup that aims to replace Starbucks as China’s largest coffee giant, is looking to raise $586.5...