TransferWise, the online money transfer service startup, is now valued at $5 billion thanks to a secondary share sale as investors embrace online payments amid the COVID-19 pandemic, the London-based company announced Tuesday (July 29). The money transfer firm gave employees and its original investors...
Online health startup Ro is valued at $1.5 billion after a new funding round, furthering its business of offering customers digital medical advice, CNBC reported. The company, which began in 2017 as a way to sell hair loss supplements, has branched into a number of...
London startup mobile bank Revolut Ltd. has secured $80 million in new funding at a $5.5 billion valuation as part of its Series D round that kicked off five months ago. The latest infusion of cash comes from TSG Consumer Partners, a San Francisco-based private equity...
Berkshire Hathaway, the Warren Buffett-helmed conglomerate that owns Geico, upped its stake in Bank of America (BoA) by over $800 million, in what the Financial Times (FT) reported is a vote of confidence in the lagging U.S. banking sphere. Berkshire purchased 34 million shares in...
Hedge fund billionaire Bill Ackman launched his “special purchase acquisition company” (or SPAC) on the New York Stock Exchange (NYSE) Wednesday (July 22), positioning the vehicle as a better alternative for taking a promising private company public. Ackman raised $4 billion in an initial public...
Hippo, the tech startup that provides home insurance digitally, has raised $150 million in a funding round that brings its valuation to $1.5 billion, the Palo Alto, Calif.-based company announced Tuesday (July 21). Since the company launched in 2015, it has raised a total of...
Gett, which provides corporate taxi services, has raised $100 million in a funding round, the company announced on its blog. Saying one-third of Fortune 500 companies “are already our loyal clients,” Gett said the COVID-19 pandemic has increased its corporate business. “The way people move...
A joint venture for an advisory partnership between Vanguard and Ant Financial in China has hooked 200,000 clients in in its first 100 days, Financial Times (FT) reported. Vanguard, based in Pennsylvania, has over 30 million clients globally and plans to work with Ant Financial’s...
London-based car subscription service Drover has notched 20.5 million pounds (approximately $25.7 million) in funding that RTP Global, Autotech Ventures and Target Global co-led, Silicon Canals reported. Rider Global and Channel 4 Ventures were further new investors. Partech, Cherry Ventures, Forward Partners, Version One and...
