Payday loans company Wonga has received a much-needed £10 million cash infusion from Accel Partners and Balderton Capital, among others. The funding will help cover compensation claims related to its past censured practices, according to TechCrunch. Founded in the UK in 2006, Wonga had raised...
BlueVine, the FinTech startup that recently announced a $60 million round of financing, has added $12 million to its Series E round of funding from M12, Microsoft’s venture capital fund. According to a report in VentureBeat, the $12 million brings BlueVine’s total Series E round...
C88 Financial Technologies (C88) announced that it has received an over-subscribed $28 million in a Series C investment from Experian. Other investors in the round include responsAbility Investments, DEG, InterVest, FengHe Fund Management, Pelago Capital and Fuchsia Venture Capital, as well as existing investors Monk’s...
Shuttl, the bus sharing app startup based in India, raised $11 million in a series B round of venture funding. In a press release, Shuttl said the round of venture funding was held via Amazon India in connection with the Amazon Alexa Fund. Other investors in the...
Cross-border business paytech firm TransferMate has received a €21 million investment from ING. In exchange for the funding, ING will receive a minority equity stake in the company. TransferMate will also provide international payment services to all corporate and small and mid-sized enterprise clients of...
The definition of a really good day: Raise $100 million led by a company that not only has obviously deep pockets, but a deep presence in a vital part of the world for payments and the digital economy. That really good day was enjoyed by...
ClassPass, the fitness membership service, announced on Wednesday (July 25) it raised $85 million in venture funding. In a press release, ClassPass said the $85 million series D round of financing was led by Temasek, an investment company headquartered in Singapore. Other investors who participated...
Megvii Inc., the developer of facial recognition system Face++, is reportedly raising at least $600 million from investors including Alibaba and Boyu Capital. According to Bloomberg, the Beijing-based company already boasts investors such as Jack Ma’s Ant Financial and one of China’s largest state-backed venture...
PayU, the online payment company owned by Naspers, announced Monday (July 23) the acquisition of payments technology platform ZOOZ. In a press release, PayU said the price tag was undisclosed, but that the deal supports PayU’s expansion into high growth markets. With the deal, PayU...
