To help Shopify shops keep in touch with consumers through SMS, Postscript notched $4.5 million in funding. Accomplice led the investment round, which was also backed by Wufoo Co-founder Kevin Hale and Kayak Co-founder Paul English, among others, according to reports. The eCommerce companies that have...
Piper Jaffray analysts gave Facebook a bullish initiation and overweight rating, citing the social media giant’s finesse in handling bad press while at the same time leveraging investments, The Street reported on Tuesday (Dec. 3). In premarket trading, Facebook shares were $197.50, down 1.1 percent....
Paytm parent company One97 Communications has made a strategic investment in the travel software provider Infinity Transoft Solutions, Times of India reported Tuesday (Dec. 3). Sources close to the development said Paytm backed Infinity with upwards of $1.4 million. “We are excited to announce our...
Singapore-based FinAccel has raised $90 million in a funding round led by Asia Growth Fund (a joint venture between Mirae Asset and Naver) and Square Peg. Singtel Innov8, TMI (Telkomsel Indonesia), Cathay Innovation, Kejora-InterVest, Mirae Asset Securities, Reinventure and DST Partners also participated in the...
The first-ever Goldman Sachs Investor Day planned Jan. 29 won’t include rigid profit goals but instead will focus on growth strategy and transparency across its business sectors, The Financial Times reported on Sunday (Dec. 1), citing sources. Chairman and CEO David M. Solomon will join...
High-flying tech unicorns have been brought to earth. Venture capital dollars chase Neobanks and alternative credit companies. Commerce Ventures Founder Dan Rosen tells Karen Webster that the key to venture capital success lies not with disruptors, but with smaller tech enablers. These are smaller platforms and...
Silicon Valley’s Figure Technologies, co-founded by SoFi Founder Mike Cagney, has raised $103 million in a Series C funding round, reports said on Sunday (Dec. 1). Cagney co-founded Figure Technologies with his wife, June Ou, who serves as the company’s COO. She was previously CTO...
Short sellers have been betting against brick-and-mortar retailers ahead of the holiday shopping season. According to The Wall Street Journal, these investors have taken their most aggressive positions in recent months, with short positions against the SPDR S&P Retail fund hitting 441 percent of its...
Peer-to-peer (P2P) lender Zopa will secure a £130 million ($1.67 million USD) investment that it needs to become a challenger bank. The news comes days before its conditional banking license is set to expire on Tuesday (Dec. 3). A source told the Financial Times that...
