Virtual Kitchen, a startup founded by ex-Uber employees, has raised $20 million in fresh capital in a bid to capitalize on the need for food delivery amid the pandemic, according to CNBC. Virtual Kitchen works to provide technology for others to set up commercial kitchens...
Indian educational technology firm Byju’s has gotten a leg up from a $500 million funding round led by private equity titan Silver Lake, Bloomberg reported. Existing investors Tiger Global Management, General Atlantic and Owl Ventures also participated, Bloomberg reported. Byju’s valuation is now at about...
Dutch FinTech Mollie has just closed on $100 million in new financing, as the startup looks to expand internationally and pump additional money into product development and engineering. TCV, a major equity investor with a focus on technology, led the Series B round of funding,...
Swedish FinTech Klarna is aiming to raise $500 million as it looks to fuel the expansion of its growing digital payments and online shopping business in the U.S. market, a new report states. The Stockholm-based company is currently in talks with investors. The new round...
Melio, the B2B digital payments company for small and medium-sized businesses (SMBs), has raised $144 million since its inception two years ago, the company announced Tuesday (Sept. 8). Last month, the New York-based firm raised $80 million in Series C funding, on top of raising $48 million...
Thunes, the FinTech startup which operates a global cross-border payments network for emerging economies, announced Tuesday (Sept. 8) that it raised $60 million in Series B funding. This latest round of funding is intended to fuel its growth in Africa, Asia and Latin America, the...
Singaporean Software-as-a-service company Anchanto took home S$16.6 million ($12.14 million USD) in a funding round, according to a report from Business Mirror. The company works in eCommerce technology and plans to use the new funds for expansion. That will include launching a data platform, expanding...
Warren Buffett has once again reduced his company’s investment in Wells Fargo & Co., favoring Bank of America (BoA) instead. The Financial Times (FT) reported Berkshire Hathaway now owns 138 million shares in Wells Fargo, a 3.3 percent stake in the nation’s fourth largest U.S....
As India’s economy has shrunk to its worst level in 40 years in the second quarter (Q2), the nation’s businesses raised $31 billion in equity capital this year, according to global data provider Refinitiv. The stampede of cash raising comes as India’s gross domestic product...
