Velodyne Lidar’s stock surged over 50% in extended-hours trading after the company reported that Amazon had made an investment, The Wall Street Journal reported Monday (Feb. 7). The California-based company, which makes sensors for autonomous cars, said it planned to issue a warrant for an...
Middle East and North Africa-focused FinTech Hubpay on Tuesday (Feb. 8) announced it has closed a $20 million Series A fundraising round and has also launched a cross-border digital wallet with no-cost remittances to drive financial inclusion across the region. Signal Peak Ventures led Hubpay’s...
Lending platform Happy Money has a new reason to be happy, after a recent funding round raised the company’s valuation to $1.1 billion. Happy Money, which provides unsecured lending in partnership with credit unions, announced the $50 million Series D-1, led by Anthemis Group and...
Cryptocurrency startup Alchemy is now valued at $10.2 billion, the company said Tuesday (Feb. 8), after a $200 million fundraising round led by Lightspeed and Silver Lake and including earlier investors such as Andreessen Horowitz, Coatue and Pantera, according to a CNBC report. Alchemy was...
Account-to-account payment company GoCardless has raised $312 million in a Series G funding round, bringing its valuation to $2.1 billion. GoCardless announced its status as the latest tech unicorn in Europe and the U.K. in a news release Tuesday (Feb. 8), saying it would use...
French FinTech Silvr has raised $148 million (130 million euros) in its Series A round of funding. According to published reports Tuesday (Feb.8), the Paris-based company says the round — a mix of $20.5 million (18 million euros) in equity and $127.8 million (112 million...
CIBC Innovation Banking has provided $100 million as a credit facility to Expensify, a payments super app helping people manage money, the companies announced Monday (Feb. 7). The funding was provided last October and will help the company grow and add more products, according to...
Last year was good to British FinTechs, which were backed with $37.3 billion in funding, up 617% over 2020, according to a biannual report from KPMG. Firms received an extra leg up from the London Stock Exchange Group’s $14.8 billion acquisition of Refinitiv. Additionally, startup...
Reliance Health, the Nigeria- and Texas-based digital healthcare provider, has completed a $40M Series B funding round, the company announced on its blog Monday (Feb. 7). This new cash will be used to hire staff, accelerate the HealthTech’s expansion into emerging markets and create products...
