Archive
Crypto Firm Circle Raises US$440 Million, Considers US$4 Billion SPAC Deal
Circle, creator of the second largest stablecoin USDC, announced it has raised US$440 million in financing from leading institutional and strategic investors. The financing included investments from leading private equity, institutional and strategic investors, including Fidelity Management and Research Company,
Read More
Visa Expands Its Fintech Partner Connect Programme
Visa announced the expansion of its Visa Fintech Partner Connect programme which is designed to help financial institutions quickly connect with a vetted and curated set of technology providers. By streamlining the discovery process, Fintech Partner Connect can help Visa’s
Read More
E-Commerce Fraud Prevention Firm Forter Secures US$300 Million Funding
Forter, a U.S.-based integrated fraud prevention platform for e-commerce, announced that it has raised US$300 million in Series F funding round. The announcement comes six months after the company completed its US$125 million Series E round, almost tripling the valuation
Read More
Diem Withdraws Swiss License Application, Makes Bold Move With U.S. Shift
Diem Association, a digital currency project previously knows as Facebook’s Libra project, announced that it has dropped its plans to get a Swiss payments license and will instead focus on shifting its primary operations to the United States. The crypto
Read More
Neobank for Freelancers Lili Secures US$55 Million in Series B Fundraise
Lili, a mobile banking service for freelancers in the U.S., announced a US$55 million Series B investment led by Group 11, bringing total funding to US$80 million. Other notable investors included Target Global and AltaIR with previous investors re-upping. The
Read More
Remitly Receives Investment From Visa Ahead of IPO Plans
Remitly, a mobile-first provider of remittances and financial services for immigrants, announced that it has received an undisclosed sum of equity investment from Visa. News of the funding comes days amidst reports that Remitly is preparing for an initial public
Read More
Forge Raises Over US$150 Million in Funding, Backed by Deutsche Börse and Temasek
Forge Global, a global private securities marketplace, announced that it has received Financial Industry Regulatory Authority’s (FINRA) approval to operate as a single broker dealer with SharesPost following a merger in 2020, and that it closed an oversubscribed round of
Read More
Bill.com to Acquire Expense Management Startup Divvy for “US$2.5 Billion”
Bill.com, a provider of cloud-based software, announced that it has entered into a definitive agreement to acquire Divvy in a stock and cash transaction valued at approximately $2.5 billion. Divvy focuses on spend management that modernises finance for business by
Read More
Visa Teams up With Tala to Drive Crypto Adoption Among the Underbanked
Tala, a digital financial services provider in emerging markets, announced a new partnership with Visa to help underbanked populations participate in the crypto economy. Together with additional partners Circle and the Stellar Development Foundation, Tala will explore opportunities to make
Read More
Wealthsimple Raises US$ 610 Million, Canadian Celebrities Buy In
Wealthsimple, a Canadian online investment management service focused on millennials, announced that it has raised $610 million (C$750 million) in a funding round. This latest investment has pushed its valuation to about $4 billion (C$5 billion). The round was led by
Read More