ID verification firm Payfone has completed a $100 million funding round which the company says it will use for strengthening machine learning and building a new consortium to help secure digital transactions, the press release says. The round was led by funds advised by Apax...
Jio Platforms has reeled in another big investor, with Saudi Arabia’s sovereign wealth fund agreeing to pump $1.5 billion into India’s largest mobile commerce company. With the deal, the Saudi kingdom’s Public Investment Fund, or PIF, will control a 2.32 percent stake in Jio’s parent...
DoorDash said it is raising roughly $400 million in Series H financing led by new investors Fidelity Management & Research Co. as well as Durable Capital Partners LP in addition to current investors, accounts and funds that T. Rowe Price Associates, Inc. advises. The financing...
Pagaya, a U.S. and Israeli FinTech collaboration, announced a Series D funding round in which it raised $102 million, according to a press release, bringing the company’s issuances to over $1 billion in the past year and a half, the Pagaya said on its website....
Mobile bank Upgrade Inc. has received a $40 million investment as part of its Series D round led by Santander InnoVentures, a division of Santander Group of Spain, the company announced Wednesday (June 17). The cash will be used to fuel the growth of Upgrade Card,...
DoorDash Inc. is expected to receive new funding that would value the nation’s largest on demand meal delivery company at $15 billion even before the deal closes, The Wall Street Journal reported. As deals happen across the industry, the San Francisco-based company plans to sell...
Instacart‘s valuation is now almost $14 billion after a new funding round, the company announced in a press release. The round raised $225 million and was led by DST Global and General Catalyst. Existing investor D1 Capital Partners contributed as well. The company’s valuation is...
San Jose-based PayPal Holdings said it is making a $530 million commitment to support black- and minority-owned businesses and communities. The move comes in the wake of the deadly COVID-19 pandemic and the outpouring of protests worldwide following the killing of George Floyd in Minneapolis....
Fraud detection software platform NS8 has closed a Series A funding round for $123 million, led by Lightspeed Venture Partners, a press release states. There was also additional funding contributed by AXA Venture Partners. The company says it has undergone considerable growth, going from 50...
