valuation

SoftBank-Backed OneConnect Takes A 50 Pct Valuation Hit

SoftBank-Backed OneConnect Takes A 50 Pct Valuation Hit
SoftBank-Backed OneConnect Takes A 50 Pct Valuation Hit
December 12, 2019  |  Investments

China’s cloud-based FinTech platform OneConnect reduced its U.S. initial public offering (IPO) on Thursday (Dec. 12) by nearly 50 percent, the Financial Times (FT) reported....

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Funding Round Could Give AvidXchange $2B Valuation
Funding Round Could Give AvidXchange $2B Valuation
December 09, 2019  |  B2B Payments

Automated business payments processing firm AvidXchange is launching a new fundraising round that could give the firm a $2 billion valuation, The New York Times...

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OYO May Not See Profits In China, India Until 2022
OYO May Not See Profits In China, India Until 2022
November 25, 2019  |  Startups

India-based OYO has filed a valuation report with India’s ministry of corporate affairs indicating that the company did not expect to turn a profit until 2022,...

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Visa To Invest $200M In Nigerian FinTech Interswitch
Visa To Invest $200M In Nigerian FinTech Interswitch
November 12, 2019  |  Investments

Africa’s veteran FinTech firm Interswitch became the sector’s first unicorn following a $200 million investment by Visa that gave it a 20 percent equity stake...

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SoftBank Wants Majority Stake In WeWork, Sans Liabilities
SoftBank Wants Majority Stake In WeWork, Sans Liabilities
October 21, 2019  |  Investments

SoftBank looks to become the majority owner of WeWork without getting into long-term lease obligations, Reuters said on Saturday, Oct. 19. Get the Full Story...

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VCs, Execs Meet To Discuss State Of IPO Landscape
VCs, Execs Meet To Discuss State Of IPO Landscape
September 30, 2019  |  IPO

Hundreds of venture capitalists and high-level executives are meeting in Silicon Valley to discuss whether the current initial public offering (IPO) model is outdated and...

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