PayPal has re-upped its stake in Tink with an investment of an undisclosed size that was part of a previously announced 90 million euro funding round. Daniel Kjellén, co-founder and CEO of Tink, said in the announcement, “As Europe’s leading open banking platform, we are looking forward...
PayPal and Facebook are collaborating on a funding round by GoJek, the Indonesian digital payments company, to boost their profiles in Southeast Asia’s financial services sectors and fuel its use among small businesses, the tech companies announced. Terms of the deal were not disclosed. “This...
Boston’s biotech industry raised more than $1.5 billion in venture capital funding in May, BostInno reported. Among the handful of startups to benefit from funding include Amwell, a Boston-based telemedicine company, that raised $194 million in Series C funding as some doctors treat patients by...
Looking beyond COVID-19, Wall Street is betting the at-home fitness boom will outlast the social distancing era. Bloomberg News reported NEOU, the New York-based live streaming and on-demand platform for trainers, has raised $5 million in capital from investors including Ares Management Corp. CEO Mike...
Starling, a United Kingdom-based digital bank, has raised $49 million in a funding round led by its investors Merian Chrysalis Investment Co. and Harald McPike, founder of QuantRes, Yahoo! Finance reported. The latest infusion comes just months after the digital bank raised $74 million from...
As it looks for a new way to hop into India’s hot mobile market, Google may be ready to take on rival Facebook, which has backed the dominant Indian telecom Jio Platforms. Now, Google is exploring the prospect of buying about 5 percent of Vodafone Idea,...
California-based FinTech Marqeta has grabbed $150 million in a venture funding round that values the card-issuing and payments processing company at $4.3 billion. “We see Marqeta becoming an indispensable part of the global payments infrastructure, and we’re in a solid position to realize that vision...
As it follows peers in investing in startups disrupting traditional banking, UBS Group AG is dedicating hundreds of millions to back FinTechs. The firm is intending to have a corporate VC fund to make investments ranging from $10 million to $20 million and intends to...
With funding that will help keep growing its product categories from ridesharing to food delivery and micro-mobility in Africa as well as Europe, Bolt closed a €100m investment round. Naya Capital Management, the investment manager that Masroor Siddiqui started in 2012, made the investment, according...
