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Deals

Facebook, Sequoia Bet on Indian Startup in $125 Million Funding Round

“Facebook Inc. is participating in a $125 million fundraising for an Indian startup that is aiming to bring more commerce to social networks like, well, Facebook.    Meesho, based in Bangalore, is what’s known in the tech industry as a social commerce startup, allowing people to build connections online and then sell through services such […]
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Deals

Keith Rabois, BoxGroup Back New York-based Brex Competitor

“Considering its unparalleled success, it was only a matter of time before a Brex copycat emerged. Ramp Financial, a new startup led by Capital One-acquired Paribus founders Eric Glyman and Karim Atiyeh (pictured), has raised $7 million, TechCrunch has learned. The capital came from Keith Rabois of Founders Fund, BoxGroup’s Adam Rothenberg and Coatue Management, […]
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Deals

India’s Lendingkart Raises $30M to Help Small Businesses Access Working Capital

“As India continues its race to adopt digital payments at a pace and scale seen rarely worldwide, the country’s startups are quickly building solutions to bring financial services to businesses. And they are attracting significant capital from local investors and global giants to scale their ambitions. Lendingkart , one of the many startups in the […]
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Deals

China-based Mobile Payment Firm QFPay Closes USD 20 Million Funding Round – KrASIA

“Chinese digital payment firm QFPay, one of WeChat Pay and Alipay’s largest global partners, has closed its latest funding round raising USD 20 million from investors including Sequoia Capital China and Matrix Partners China, MDI Ventures, Rakuten Capital and VentureSouq. Sequoia Capital China and Matrix Partners China are returning investors that have participated in the […]
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Deals

Hardware Startup Mason Looks To Build Custom Hardware (Tablets) for Merchants

“Start a company today, and there’s a playbook to follow. Need in-app messaging and phone calls? Plug in Twilio. Looking for the cheapest way to host your data and website? Go to Amazon Web Services or one of its rivals. But build something that runs on hardware, and you won’t find a one-stop shop — […]
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Deals

Mortgage Startup Snags $160M Funding Round

“Better.com, a fintech startup aiming to digitize and streamline the mortgage process, announced Monday, it’s raised $160 million for its Series C funding round. The startup has raised $254 million to date, and its latest investor round included heavy hitters like Citi, Goldman Sachs, Ally Financial and American Express Ventures.”
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Deals

Jennifer Lopez, Alex Rodriguez Are Investing in Fintech Firm Acorns

“Acorns Grow Inc. wants to go viral. It has enlisted A-Rod and J.Lo to help. Alex Rodriguez and Jennifer Lopez are buying a stake in the California-based company, Acorns said Monday, joining an investor base that includes Ashton Kutcher, Bono and Kevin Durant. Acorns doesn’t just want celebrities as investors—it is also talking to some […]
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Deals

Crypto Exchange Coinbase Acquires Xapo’s Institutional Custody Business

“Coinbase said in an announcement on Thursday that the deal will help expand its custody business and will increase its assets under custody to be more than $7 billion. According to a Fortune report on Thursday, Coinbase acquired Xapo’s institutional business for $55 million after beating another strong contender, the investment giant Fidelity. Coinbase Custody’s […]

On The Wires

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Deals

KKR to Acquire Majority Stake in German Fintech Heidelpay From AnaCap

“heidelpay Group (“heidelpay”) and its majority shareholder AnaCap Financial Partners (“AnaCap”), a European financial services specialist investor, have today reached an agreement on the terms of an investment from KKR, a leading global investment firm. KKR will acquire a majority shareholding in the company, with Mirko Hüllemann, founder and CEO of heidelpay, and other key […]
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Deals

Global Fintech Fundraising Fell in First Half of 2019, With Decline in China Offsetting Gains in the US and Europe, Accenture Analysis Finds

“Global investment in financial technology (fintech) ventures fell sharply in the first half of 2019, as fundraising and deal activity in China that had soared a year earlier ground to a halt, partially offsetting strong gains in the U.S., U.K. and several other European countries, according to Accenture (NYSE: ACN) analysis of data from CB […]