Investments

Investments
WeWork Co-founder Invests In Residential Real Estate Service
October 14, 2020

WeWork Co-founder Adam Neumann, who left the flexible office-space company during its attempt to go public, has invested $30 million in Alfred Club, a startup that helps apartment building operators provide luxury services, Bloomberg News reported on Wednesday (Oct. 14). Bloomberg attributed the information to...

Investments
Turkey’s PayCore Snags New Majority Investor Amid Digital Payments Boom
October 14, 2020

Mediterra Capital is expanding its portfolio with a big new investment that will give the top Turkish private equity firm a stake in the country’s fast-growing digital payments sector. On Wednesday (Oct. 14), Mediterra announced it has inked a share purchase agreement giving it a...

Investments
Carsharing Startup Getaround Raises $140M In Series E
October 14, 2020

Silicon Valley carsharing startup Getaround won a $140 million Series E financing round led by PeopleFund, Getaround announced on Wednesday (Oct. 14). Additional new and existing investors include Reinvent Capital, Menlo Ventures, SoftBank, Braemar Energy Ventures and others. Founded in 2009 by Elliot Kroo, Jessica...

Investments
Nuvemshop, Latin America’s Shopify, Raises $30M
October 14, 2020

Nuvemshop, a Latin American alternative to Shopify, has raised $30 million in a venture capital round as it tries to boost business, according to reports. Kaszek Ventures and new lead investor Qualcomm led the new round, while FJ Labs, IGNIA, Elevar Equity and Kevin Efrusy...

Investments
Retailo Raises $2.3M In Seed Round To Boost Financial Inclusion
October 12, 2020

Retailo, the Riyadh-based B2B eCommerce startup, has announced $2.3 million of funding in a pre-seed round to go toward boosting small to medium-sized businesses (SMBs) in the Middle East, according to a press release. The round was led by Abu Dhabi-based Shorooq Partners, while 500...

Investments
FinTech N26 Mulls New Funding Round
October 12, 2020

Just months after a fundraising round that left the company’s value at $3.5 billion, Berlin-based FinTech N26 is exploring seeking additional investments in calendar 2021, Bloomberg reported Monday (Oct. 12). N26 “has been in contact with potential advisers for the fundraising, though discussions are at...

Investments
Razorpay Hits Unicorn Status Following $100M Series D
October 12, 2020

Indian startup Razorpay hit unicorn status after raising $100 million in a Series D funding round, the company said in a statement on Monday (Oct. 12). The investment was co-led by GIC, Singapore’s sovereign wealth fund, and Sequoia Capital India. Existing investors Y Combinator, Matrix...

Investments
VCs And SPACs Raise $1B+ To Invest In Cloud, AI And More Despite Pandemic
October 09, 2020

Despite wide-ranging economic uncertainties and a challenging investment environment, venture capital (VC) firms and special purpose acquisition companies (SPACs) are actively raising or seeking fresh funds for investment in the payments space. Some of the latest fundings include: Greycroft Bicoastal venture-capital firm Greycroft raised $680...

Investments
Instant Pay Startup Clair Notches $4.5M To Help Gig Workers
October 09, 2020

New York City-based FinTech startup Clair has raised $4.5 million in seed funding to disrupt payday lending schemes and help gig workers and freelancers get paid instantly. The funding was led by Upfront Ventures. Additional investors included Founder Collective,  Walkabout Ventures, former Venmo COO Michael...