American Banker, citing Citi Ventures, reported that the investment shows banks are embracing and implementing AI. According to the report, the investment provides more insight into how Citigroup is using AI across the company. The software is popular with younger generations, which is an important...
YayYo, the online ridesharing company, is gearing up an initial public offering (IPO) in the U.S. Seeking Alpha, citing an S-1/A registration with the Securities and Exchange Commission (SEC), reported the company is aiming to raise $5 million in gross proceeds from the IPO. As...
China’s banking and insurance regulator has asked banks and insurers to examine and tackle “weak points” in the country’s infrastructure sector. According to Reuters, the China Banking and Insurance Regulatory Commission has called on the country’s financial institutions to give additional support to infrastructure investment,...
Food ordering and delivery company DoorDash announced that it has raised $250 million in a growth round co-led by Coatue Management and DST Global. This latest funding comes after it received a $535 million investment from SoftBank, Sequoia Capital and Singapore-based sovereign wealth fund GIC...
Stockholm-based Karma has raised $12 million in Series A funding, led by Swedish investment firm Kinnevik. Participants also included U.S. venture capital firm Bessemer Venture Partners, appliance manufacturer Electrolux and previous VC firm backer e.ventures. This latest round brings Karma’s total funding to $18 million....
Some prominent hedge fund managers are feeling optimistic about the U.S. economy, especially when it comes to retail and technology. According to Reuters, Third Point added new positions in payment companies PayPal and Visa, which are both up more than 19 percent so far. And...
Alphabet, the multinational conglomerate, has invested $375 million in Oscar Health, a health insurance startup co-founded by Trump advisor Jared Kushner’s brother, Joshua Kushner. CNBC reported that Alphabet now owns around 10 percent of the 6 year-old startup, which utilizes a combination of technology, provider partnerships...
As the saying goes, cash is king. Amend that a bit to state that when it comes to corporate events, cash may be … well, kind of king, right along with debt. By corporate events we mean takeovers, funding rounds and the like. A spate of...
Axoni, a provider of enterprise blockchain technology, announced Tuesday (Aug. 14) that it has raised $32 million in venture funding. In a press release, the company said the Series B round of financing was led by Goldman Sachs and Nyca Partners, with participation from Andreessen...
