Today In Data

Today In Data: Investors Pony Up

The funds are flowing for companies large and small as they announce the outcome of recent investment rounds. From small startups to large consortiums, these companies are raising a glass in thanks to their investors.

Here’s what they raised this week, by the numbers:

$4 million | Seed funding raised by Long Game savings app, led by Collaborative Fund and Thrive Capital. Long Game encourages lottery winners to save rather than spend, netting an average $60 in savings per user per month.

$12 million | New equity secured by Blispay, the financing company for online merchants. Lead investors for this round and others include FirstMark, Accomplice, NEA, Camden Partners, and F-Prime Capital.

$107 million | Funding raised by R3, the distributed ledger technology group, in what the consortium said is the first of two tranches in its Series A round. SBI Group, Bank of America Merrill Lynch and HSBC led the investment.

$200 million | R3 consortium’s initial fundraising goal, which has been lowered to $150 million after Goldman Sachs, Santander and JPMorgan Chase got out of the investing talks.

$116 million | Venture capital funding landed by TransferWise, a London FinTech startup, as it rolls out a new foreign exchange account to supplement its international money transfer offerings.

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New PYMNTS Study: Subscription Commerce Conversion Index – July 2020 

Staying home 24/7 has consumers turning to subscription services for both entertainment and their day-to-day needs. While that’s a great opportunity for providers, it also presents a challenge — 27.4 million consumers are looking to cancel their subscriptions because of friction and cost concerns. In the latest Subscription Commerce Conversion Index, PYMNTS reveals the five key features that can help companies keep subscribers loyal despite today’s challenging economic times.

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