Amid a surge that echoes the rapid advancements and growing fascination with artificial intelligence, Nvidia is reportedly on the verge of overtaking Apple as the world’s second-most valuable company. At the core of Nvidia’s rise is its dominant position in the high-end AI chip market, in which it commands an 80%...
Monzo, the British FinTech unicorn, is aiming for a £4 billion valuation in its latest funding round. The digital bank, which currently has over nine million U.K. personal current account customers, is in discussions with investors to raise fresh funds, according to The Financial Times....
Danish FinTech Flatpay has raised €15 million (about $16 million) in its Series A funding round to expand its presence in Denmark, Finland and Germany and continue its product development. Flatpay offers a flat-rate point-of-sale (POS) technology for businesses that aims to make payments transparent and...
Revolut’s struggle to land a U.K. banking license continues to cost the London-based FinTech. Molten Ventures, a venture capital firm that has invested in Revolut, has marked down the value of its stake by 40%, according to its annual report, released Thursday (June 15). Molten...
November 29, 2019
Valuations are high. Not just in the stock market. Pretty much everywhere you might look. And as investors look across various asset classes, might the gaze be sweeping across eCommerce, FinTechs, maybe even bricks and mortar (sorry, WeWork) … to kicks and scorers? In an age where private equity has seen the trials and tribulations […]
September 06, 2019
IPOs are a bit like dating -- firms want to be as attractive as possible to investors getting in at the public debut. Money-losing WeWork is reportedly mulling slashing its...
July 06, 2017
Crossing borders and oceans in search of the rewards of eCommerce? More U.S. firms are likely to do so in search of payments scale and potential. The Vantiv deal for Worldpay is...
March 22, 2017
Then again, that depends on who you are. The bidding war might be brewing, but what lies behind the Ant Financial and Euronet bids for MoneyGram? Here's a look behind...
September 11, 2024
OpenAI reportedly aims to raise $6.5 billion from investors at a valuation of $150 billion. The firm also is seeking to raise $5 billion in debt from banks via a revolving credit facility, Bloomberg reported Wednesday (Sept. 11), citing unnamed sources. The discussions are ongoing, and the terms could change, according to the report. OpenAI did […]
March 08, 2024
Amid a surge that echoes the rapid advancements and growing fascination with artificial intelligence, Nvidia is reportedly on the verge of overtaking Apple as the world’s second-most valuable company. At the core of Nvidia’s...
February 20, 2024
Monzo, the British FinTech unicorn, is aiming for a £4 billion valuation in its latest funding round. The digital bank, which currently has over nine million U.K. personal current account...
June 26, 2023
Danish FinTech Flatpay has raised €15 million (about $16 million) in its Series A funding round to expand its presence in Denmark, Finland and Germany and continue its product development. Flatpay...
