Posts Tagged ‘investment’

China’s Investors Aren’t Afraid To Bet Big And Early

Venture investments in Asia have baffled the tech world over the past year. Investors and corporations have funneled seemingly limitless amounts of capital into quickly growing private companies. Mainland China once again dominated the investment landscape in the Asia-Pacific region in Q3 2018. There is no big secret as to why China dominates in venture […]

Goldman Sachs has joined George Soros and Steve Cohen in backing an Argentinian mobile banking startup

Ualá, the one-year-old Argentinian mobile banking startup, raised $34 million in its series B round led by Goldman Sachs Investment Partners, along with existing investors including a private fund managed by Soros Fund Management, Jefferies, the venture arm of Steve Cohen’s Point72, and entrepreneur Kevin Ryan. The Buenos Aires-based startup offers a personal financial management app […]

How the rich invest: Alex Waislitz shares his stock tip

The Melbourne-based businessman has turned $1.15 million into a $1.39 billion fortune over the past 25 years, making him the 54th richest person in Australia according to the Financial Review Rich List. Among some of Alex Waislitz‘s big returns in the past year have been buy now, pay later payments group Afterpay, which is up 314 […]

See ya, seed? Decline in seed-stage startup funding deals may impact venture ecosystem

A record amount of investment dollars are going to U.S. startups. But that doesn’t necessarily mean good news for founders trying to raise seed-stage capital. While total capital invested rose, VC-backed deal volume dropped to the lowest amount in nearly six years, following a trend of more money going to fewer, later-stage deals. There were 16 […]

Tencent Buys Stake in Brazilian Fintech Startup

Chinese internet giant Tencent Holdings Ltd. acquired a stake in Brazilian fintech company Nubank in a deal valued at $180 million, expanding Tencent’s emerging markets investment spree to South America. Tencent’s investment increased Nubank’s valuation to $4 billion, making it one of the most highly valued privately held startups in South America. Nubank has more than 5 […]

Klarna raises $20M from H&M, will build financing and payment services for the fashion retailer

Klarna, the payments startup out of Sweden that helps online shoppers arrange for financing at the point of sale, has picked up $20 million from H&M, the fashion retailer with 4,800 stores in 70 markets. The investment kicks off a partnership between the two to build an “omni-channel” payments service spanning H&M’s physical and online […]

Yale Invests in “Paradigm” Cryptocurrency Hedge Fund

Ivy League institution Yale University is investing in Paradigm, a cryptocurrency hedge fund founded by Coinbase co-founder Fred Ehrsam, former Sequoia Capital partner Matt Huang, and Pantera Capital veteran Charles Noyes. Yale’s endowment is the second-largest in higher education and is run by David Swenson, a world-class investment manager that began Yale’s endowment with a […]

A Q&A With Benzinga’s CEO On The Fintech Industry: ‘We Want To Be Connectors’

As founder of both Benzinga and the Detroit Fintech Association, Jason Raznick is well-versed in the space. So much so that Merriam-Webster referenced his definition of “fintech” in its entry on the term. Benzinga is hosting the Fintech Summit Nov. 14 in San Francisco, where the leaders in payments, lending, capital markets, blockchain and cryptocurrency will […]

KKR, Tencent to invest $175 million for minority stake in Philippine fintech firm

Private equity firm KKR & Co Inc and Chinese tech giant Tencent Holdings Ltd are acquiring a minority stake in the fintech arm of Philippines’ PLDT Inc. In a statement, PLDT said KKR and Tencent will turn into minority shareholders in Voyager Innovations Inc by separately acquiring a total of up to $175 million worth of […]

Coinbase Partnership with Tiger Global Pushes the Company’s Value to $8 Billion

Leading cryptocurrency exchange Coinbase is in the final stages of closing an investment deal from Tiger Global worth $500 million, which could usher the company’s value to nearly $8 billion. If finalized, the partnership with Tiger Global will make Coinbase one of the highest-valued startups in the US. Coinbase is expected to put half of these […]