In its latest bid to amp up its game against Uber, Chinese ride-hailing service Didi Kuaidi has attracted a $200 million investment from China Merchants Bank (CMB) as a part of its $3 billion fundraising round. The investment underpins a new strategic partnership with CMB,...
While there are any number of services that have tried to offer the “Uberized” version of almost every service — dry cleaning, dinner delivery, grocery shopping, the list is almost endless (for now) — attempts at offering the same service, though pitched at a somewhat...
LendUp has raised $150 million in Series B funding to expand its product reach and credit facility. “Over the last two years we’ve been growing rapidly by increasing the number of U.S. states where LendUp loans are available,” said CEO Sasha Orloff. “With this latest round of...
The phrase “creative accounting” usually comes in relation to SEC investigations and court sentences, but the fact of the matter is that corporate finances aren’t the cut-and-dry concept that consumers might think they are. Rather, some differing interpretations of the same numbers can lead to...
Factoring – or the financing based on receivable debt – is a fairly ancient idea that has existed as a method of financing commerce for almost as long as buyers, suppliers, and a lag between receiving goods and paying for goods has been around. ...
It would be fair to say that 2015 was a tough year for Foursquare, and so far, it looks like 2016 is definitely going to be tougher, since its valuation is now approximately half of what it once was. The firm announced on Thursday (Jan....
Retailers have an obvious investment in keeping track of how customers interact with retail environments, and Euclid Analytics is capitalizing on that shared goal to the tune of $20 million. The data analytics firm has raised $44 million, so far. This round was led by media...
Moneybox, a U.K.-based investment app company, has raised $3 million in its seed funding round ahead of its planned 2016 launch date. The app, which rounds off a transaction’s value and saves the change for its user, has specifically been designed to target a growing...
Uber’s China division received a nearly $2 billion investment from Chinese firms, boosting the unit to a valuation of $7 billion. As Reuters reported Wednesday (Jan. 13), the previously unreported Chinese investors have been identified as China Minsheng Banking, real estate developer China Vanke and...
