China Merchants Group has partnered with London-based firm Centricus to launch a $15 billion technology investment fund to compete with the Vision Fund created by Japan’s SoftBank. According to the Financial Times, the state-owned conglomerate, along with other Chinese groups, has pledged to invest up to...
When it comes to financial services and financial technology startups, making the right investment decisions is not easy or obvious work. Thousands of firms are born each year – all promising the next greatest advancement in managing money – but only a fraction of a...
Bento for Business, a financial management solutions provider for small and midsize businesses, has announced a $9 million investment round led by Edison Partners. Existing investor Comcast Ventures and new investor MissionOG also participated. Bento will use the new funds to boost its already impressive...
Royal Bank of Canada (RBC) and BGN Technologies, the technology transfer company of Ben-Gurion University of the Negev in Israel, announced this week that RBC will invest $2 million into research at Ben-Gurion University’s cybersecurity research center. In a press release, RBC said the funding will go to support...
Amid the trade war that is still taking shape between the United States and China and the United States and several other countries, Treasury Secretary Steve Mnuchin has stated that investment controls are needed with the aim of protecting U.S. technology interests. Against that backdrop,...
CashShield, an online fraud management solution for mid- to large-sized enterprises, announced Tuesday (June 26) it raised $20 million via a round of fundraising. According to a press release, CashShield said the Series B funding round was led by Temasek and GGV Capital. Other investors in...
Andreessen Horowitz is now the first venture capital firm to raise a large fund focused on cryptocurrencies. The Silicon Valley investment firm announced the launch of a16z crypto, a $300 million venture fund that will invest in crypto companies and protocols. “Our fund is designed...
Helios and Matheson Analytics, the provider of information technology (IT) services and the 92 percent owner of MoviePass, announced Thursday (June 21) that it is issuing $164 million in bonds and 20,500 shares of preferred stock. In a press release, the MoviePass parent said the...
GoFundMe has launched GoFundMe Team Fundraising, allowing groups of people to raise money together for a single effort. The service will enable schools, churches, sports teams and other groups to set up fundraising campaigns on the site. “GoFundMe Team Fundraising is specifically designed to help...
