Posts Tagged ‘investment’

Brazil’s fintech startup StoneCo attracts Buffett and Jack Ma

Chinese fintech giant Ant Financial, an affiliate of Alibaba Group controlled by billionaire Jack Ma, has agreed to invest in Brazilian payments firm StoneCo’s IPO, shortly after rival Tencent announced its investment in Brazilian fintech startup Nubank. Ant Financial has committed to invest US$100 million in the company’s share offering on the Nasdaq. StoneCo’s IPO […]

3 Ways Cryptocurrency Investors Can Adapt to Make Money in 2019

2018 has been an incredibly rough year for cryptocurrency and unless one shorted the market it’s hard to argue against that observation. While the world’s top analysts are dead set in their belief that cryptocurrency prices will moon in 2019, nothing is a given and 2018 taught plenty of investors of the dangers of making […]

Foxquilt raises $1.2 million to help people save on insurance by buying in groups

Toronto-based Foxquilt has announced a close of $1.2 million in a seed round led by Extreme Venture Partners. Foxquilt enables consumers and small businesses to join groups with similar needs to achieve a discount off their premium, reduce deductibles, and be rewarded at renewal should their claims experience be in line during the past year. The […]

Dubai investment firm launches $100m fintech fund

Dubai-based Alcazar Capital Limited (ACL) and Fintech Consortium’s investment arm, InQvest Partners (IQP) have partnered to launch a $100m global fintech fund. ACL is anchoring the fund – which will invest in North America, Europe, Asia and the GCC – with 10% of the total capital. The fund partnership will allow IQP to combine its expertise, […]

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 […]