To help low-income consumers get back on their feet, New York-based Propel has notched $12.8 million in Series A funding. Nyca Partners led the round, along with the participation of Kleiner Perkins, Andreessen Horowitz and Omidyar Network, as well as support from Thirty Five Ventures...
Israeli startup Access Fintech has received $17.5 million in venture capital funding from Goldman Sachs, JPMorgan Chase, Citigroup and Credit Suisse. Access Fintech has developed a network to help resolve business “exceptions” (also known as errors) that financial institutions (FIs) make, such as data discrepancies on the...
Southeast Asia ride-hailing company Grab has received a $150 million investment from Yamaha Motor Company, according to reports. Grab, which recently bought out Uber in the region, is in the midst of a Series H funding round. The two companies plan to collaborate on providing pliable financial...
SoftBank’s Vision Fund teamed up with Alibaba to lead a $1.1 billion funding round for Indonesian eCommerce site Tokopedia, according to a report by the Financial Times. The cash infusion for Tokopedia follows $3 billion raised by ByteDance, also with a significant portion coming from...
A coffee startup in China that’s gunning for Starbucks has raised $200 million in a Series B funding round, bringing the company’s valuation to $2.2 billion, according to a report. Luckin, which soft-launched in January, also raised $200 million in July. The company has been...
Online auto retailer Vroom has announced a $146 million Series G funding round led by AutoNation. L Catterton, General Catalyst Partners, Fraser McCombs Capital and individual investors also participated in the round. Vroom offers thousands of low-mileage, reconditioned used vehicles that are delivered directly to consumers....
ShopKeep, a tablet-to-cloud and point-of-sale (POS) payment platform for retailers and restaurants, has closed a $65 million round of equity and debt financing, according to the company. Tribeca Venture Partners, which led the company’s Series A round in 2011, led the financing. ShopKeep’s other major...
ParkJockey, a fully integrated parking technology solutions provider, has announced an investment from the SoftBank Group, bringing its valuation to more than $1 billion. “The parking industry is a significant market but remains fragmented with many opportunities for technological innovation,” Michael Ronen, managing partner at...
South Korean company Viva Republica, which is behind the payment app Toss, has become the country’s fourth unicorn startup after raising an $80 million funding round at a valuation of $1.2 billion. The round was led by American VC firms Kleiner Perkins and Ribbit Capital,...
