Ohi, an eCommerce startup, announced that it has closed a $2.75 million Seed funding round led by Flybridge Capital Partners. Founded last year by CEO Ben Jones, Ohi offers same-day or next-day delivery to smaller brands via micro-warehouses in major cities. Gig workers pick and...
The U.S. Securities and Exchange Commission (SEC) is reportedly looking into WeWork to determine whether the embattled company violated financial rules while it was gearing up for its IPO, according to a report by Bloomberg. The SEC’s enforcement arm is examining the company’s disclosures to...
FinTech receivables firm DadeSystems has raised $9 million in a Series D growth funding round led by Napier Park Financial Partners, DadeSystems said in a press release on Thursday (Nov. 14). Also participating in the round were returning investors Fifth Third Capital Holdings and Ocean Azul Partners....
Later-stage tech startups are getting cash infusions from big investors eager to make deals, The Financial Times (FT) reported on Wednesday (Nov. 13). SoftBank’s record losses from over-valued deals haven’t given investors cold feet, and private funding is going strong. Investors from the U.S. are...
Plum, an artificial intelligence (AI)-driven money management tool, announced that it has raised $3 million in additional funding that will be used toward growth goals including the company’s European expansion. This round, which is a second part of the company’s $4.5 million raise over the...
After a $40 million Seed funding round, payment startup PalmPay has officially launched in Nigeria. The funding round was led by Chinese company Transsion’s subsidiary, TECNO, with participation from China’s NetEase and wireless communications hardware firm MediaTek. As part of the deal, PalmPay has now...
Delivery startup DoorDash, which is backed by investing giants like SoftBank Group and Sequoia Capital, has received an investment of $100 million, according to a report by Bloomberg. The company has already raised about $2 billion so far, and it was recently on the receiving...
China’s Alibaba Group has unveiled a secondary listing plan in Hong Kong dubbed “Project Tangerine” in an effort to raise about $13 billion, The Wall Street Journal reported on Wednesday (Nov. 13). Alibaba could raise up to $13.38 billion based on Tuesday’s closing price. The...
Australian buy-now, pay-later platform Afterpay Touch notched $200 million from U.S. technology investor Coatue Management, Afterpay announced in a press release on Wednesday (Nov. 13). Coatue will acquire new Afterpay shares at $28.50, representing a 2.4 percent discount to the last closing share price on...
