Remitly, the independent mobile remittance company based in the United States, announced on Tuesday (Oct. 4) it received $38 million in new equity and debt financing from IFC, a member of the World Bank Group, and Silicon Valley Bank. The financing will help the company expand its...
Iwoca, a London-based FinTech startup, has reportedly raised £21 million from Prime Ventures and existing investors Acton Capital Partners, CommerzVentures, Global Founders Capital and Redline Capital. The startup, founded in 2011, has also secured a £25 million debt facility with bank Shawbrook. In a report,...
Given the struggles on-demand food delivery services have had this year, it is something of a welcome change of pace to report that Home Chef has closed a $40 million funding round that it will use to expand. The round was led by private equity firm L...
Though bankruptcies have become part of the standard, perhaps the biggest out-of-left-field default is coming out of Cosi, the flatbread sandwich maker and QSR staple of the last decade. According to reports, the Boston-based chain has filed for bankruptcy as it looks to restructure its...
MoneyFarm is making its mark in the digital wealth management market. After a move into the U.K. market earlier in 2016, the company has just received funding from Allianz Ventures and plans to capitalize on Allianz’s resources and experience.
FreshDirect, which has been delivering groceries to people on the East Coast for some time now, has raised $189 million in additional venture funding. According to a report, the round was led by JPMorgan Asset Management, with W Capital and AARP Innovation Fund investing as...
Alphabet’s investment arm has jumped on the Airbnb bandwagon, joining a round expected to net out at $850 million. That would put the homesharing platform’s valuation at around $30 billion, according to sources close to the deal quoted by The Wall Street Journal. The round...
Operator, the Chinese startup that is betting Chinese citizens will want to buy American products on its shopping app, raised $15 million in a round of venture funding. According to a report, the Series B round of venture funding gives the startup a pre-money valuation...
By some estimates, a passenger riding in a “smart car” that is essentially doing the driving could produce nearly a gigabyte of driving data every second. That is a lot of data to be tracked and analyzed — and the databases by Oracle and SQL just...
