B2B venture capitalists seem in a bit of a summer haze. Analysts say investment in the B2B FinTech space is rising, but this week, only three funding rounds closed (in alternative lending, Big Data and a matchmaking service linking enterprises to R&D services). But fear...
With the month of June coming to an end, U.S. stocks were trading higher on Friday (June 30), with the S&P 500 rising 0.2 percent in midday trading. Among the leading industries were firms that sell directly to consumers and industrials. The S&P 500 gained 8.3...
Gaming company Razer has invested nearly $20 million into Malaysia-based online payment firm MOL Global. According to TechCrunch, this move is part of Razer’s push to establish its virtual currency for gamers in Southeast Asia. The deal boosts the value of MOL Global to around the...
American Express is venturing into the insurance space with its latest funding endeavor. This week, the credit card company went public with its investment in Palo Alto-based insurance tech startup, Next Insurance. It joins Next Insurance’s $29-million May round of funding led by Munich Re’s...
PayBreak, the U.K. FinTech focused on consumer finance, announced Tuesday (June 20) that it has completed a round of fundraising that resulted in it raising £24.5 million of equity. According to a report in Finextra, citing the company, the fundraising round got a lot of support...
When consumers book travel accommodations today, it’s typical that the site with the lowest price is the one that sees gains in number of users. Whether it’s Expedia, Hopper or Priceline, the travel booking industry can seem a little overwhelming for people looking to book their...
If financial backing is a vote of confidence in a firm’s strategic vision, Danal, the mobile identity and authentication company, has gotten two thumbs up. Danal announced Friday that it received investments via strategic funding from mobile operator Orange and Bangkok Bank. In an interview with...
So the Federal Reserve hiked interest rates, as had been expected by most on the Street and beyond, and the question as the 25-basis point boost becomes viewed through a rearview mirror: What might it all mean? First things first: The new rate range is...
In investing, returns are everything, and when it comes to fixed income, yield is everything. The Wall Street Journal reports that investors are “desperate for decent income” and that riskier companies, which typically offer higher yields in return for higher risk, are “taking full advantage.” ...
