Paytm is now in talks with SoftBank to raise up to $1.9 billion in fresh funding, hiking its value to a cool $8 billion or more, according to multiple new sources. Paytm counts over 218 million wallet users; last month alone Paytm clocked 255 million transactions. Founded… Read More
Read more in: General News, Asia, Fintech | Tagged digital payments, india, mobile wallet, softbank, vijay shekhar sharma
One billion dollars. MobiKwik is set to raise funds from investors including BlackRock Inc. which will value the innovative Indian Fintech company at about $1 billion, according to Bloomberg. Headquartered in Gurgaon, MobiKwik offers a mobile phone based payment system. Customers add money to an online wallet that… Read More
Read more in: Asia, Fintech, General News | Tagged bipin preet singh, blackrock, india, mediatek, mobile payments, paytm, sequoia capital, softbank
In a grand mashup of investment and politics, President-elect Donald Trump and Tokyo-based SoftBank Group Corp.‘s CEO Masayoshi Son announced their plan this week to create 50,000 new jobs in the U.S. via a $50 billion investment namely in startups. Deal Street Asia reported that the… Read More
Read more in: Fintech, Asia, General News, Global | Tagged donald trump, masayoshi son, saudi arabia, sofi, softbank
As 2015 comes to a close, here are some highlights from WWF, the wonderful world of fintech. And what a year it’s been! At the close of last year, the world watched Lending Club’s astounding IPO. By this November, the firm surpassed $13B from borrowers since its 2006 launch. During… Read More
Read more in: Featured Headlines, General News, Global, Opinion | Tagged angela ceresnie, commonbond, david snitkof, dianrong, fintech, fintech 100, fintech sandbox, forbes fintech 50, goldman sachs, innovate finance, jonathan kelfer, keybank, massolution, matt burton, mit sloan, regulation a, robert wardrop, sofi, softbank, standard charter, uk, university of cambridge centre for alternative finance, ups
Online lender SoFi has just closed on a Series E funding round in the amount of $1 billion. Led by SoftBank, SoFi has claimed the “largest single financing round in the Fintech space” ever. SoFi has now raised approximately $1.42 billion in equity. The marketplace… Read More
Read more in: Investment Platforms and Marketplaces | Tagged marketplace, mike cagney, sofi, softbank
Season 2 of “The Pitch” has just started and four crowdfunding sites are in the mix. Seed&Spark which has been making waves in the Independent Film scene; Funderverse – which is getting ready to launch their first niche crowdfunding vertical site ExplorationFunder; FundingCommunity connects small businesses with… Read More
Read more in: General News, Investment Platforms and Marketplaces | Tagged explorationfunder, funderverse, lerer ventures, seed&spark, softbank, the pitch
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