Hong Kong-based startup Oriente has announced a $105 million initial funding round, which included investment from the founders, as well as a group of family offices including members of the Berjaya Group, JG Summit Holdings, Inc., and Sinar Mas. Launched in 2017, Oriente provides digital...
Funding can often be a sign of confirmation for FinTech startups. For Modo, the company’s Series A round showed that there is an appetite for companies that give banks or large retailers the opportunity to compete on the basis of who they are and not...
Careem, the leading ride-sharing rival to Uber in the Middle East, is aiming to raise between $100 million and $200 million. According to a report in Reuters, citing a source with direct knowledge of the matter, Careem is aiming to raise the funding via Chinese...
Coupang, the South Korean eCommerce company, is getting a $2 billion investment from SoftBank’s Vision Fund, which will provide it with the money to speed up development of delivery and shopping services. According to a report in Bloomberg, citing people familiar with the matter, the...
Through a reported funding round, digital wealth management startup Acorns Grow Inc. is said to be seeking over $100 million in funding. Such a round could potentially provide the company with a valuation of more than $700 million, Bloomberg reported. The amount of the round...
Standard Cognition, which provides AI-powered autonomous checkout solutions for brick-and-mortar retailers, announced it has raised $40 million in Series A funding, bringing its total amount raised to more than $51 million. The round was led by Initialized Capital, with continued participation from CRV and Y...
Berkshire Hathaway, the Omaha, Nebraska conglomerate owned by Warren Buffett, spent $4 billion in the third quarter for a stake in JPMorgan Chase, giving it big stakes in three of the four largest U.S. banks. According to a report in the Wall Street Journal, Berkshire...
Contactless payment company Mobeewave announced the closing of a $16.5 million Series B funding round, led by NewAlpha Asset Management, Mastercard and Forestay Capital. The investment funds will enable the Montreal-based startup to continue to deploy its patented solution in markets around the world, develop new...
Capital is finding its way into all sorts of funds and to all sorts of firms. Early-stage investments are mushrooming in size, and the competitive landscape is crowded, which makes prudent investing no easy task. Bain's Matt Harris, managing director, weighs in on the mindset...
