Funding Xchange (FXE), the FinTech that has built digital decisioning technology to enable partners...: Funding Xchange (FXE), the FinTech that has built digital decisioning technology to enable partners like MoneySuperMarket, Monzo and Experian to offer their customers instant access to personalised transparent quotes for business funding, today announced the closing of an PS8 million funding round, led by Downing Ventures and Gresham House Ventures. Sponsored: [Webinar] Real-Time Payments in the US: Global State of Play, Lessons Learnt, and How to Make Money.
Hedge Fund Activism Can Have Positive Longer-term Effects On Companies, Says New Research | Hedgeweek
Activist hedge fund investors can deliver positive results for companies, according to new research from Columbia Business School's Professor Wei Jiang, Arthur F Burns Professor of Free and Competitive Enterprise.
Ride-hailing service Heetch has added a new investor to its $38 million Series B round. AfricInvest is investing another $4 million in the startup -- in total, Heetch has raised a $42 million Series B round. Previous investors in the Series B round include Cathay Innovation, Idinvest and Total Ventures. Heetch first started as a [...]
* SoftBank's recent investing "too aggressive" - Thiel (Adds executive comments in paragraphs 4-9): SAN FRANCISCO/TOKYO (Reuters) - Silicon Valley data analytics company Palantir Technologies Inc has established a joint venture with Japanese insurance holding company Sompo Holdings Inc (8630.T) that will initially focus on health and cybersecurity clients, Palantir said. The joint venture, owned 50-50 by Palantir and Sompo, will service Japanese government as well as commercial clients, according to the privately held company, which was co-founded by well known tech investor Peter Thiel.
Mmc Ventures Outs New PS100M 'scale Up' Fund To Double-down On Its Portfolio At The Later-stage - Techcrunch
MMC Ventures, the London-based VC that typically invested at Seed and Series A via the various funds it manages, has launched a new PS100 million "Scale Up" fund to provide expansion capital to its later-stage portfolio companies. This is a move we are seeing a number of early-stage European VCs make, such as LocalGlobe with [...]
Africa focused fintech startup OPay has raised a $120 million Series B round backed by Chinese investors. Located in Lagos and founded by consumer internet company Opera, OPay will use the funds to scale in Nigeria and expand its payments product to Kenya, Ghana and South Africa -- Opera's CFO Frode Jacobsen confirmed to TechCrunch. [...]
The final close exceeded the fund's original target of $850 million. The post HK-based NewQuest gathers $1b for fourth secondaries fund appeared first on DealStreetAsia.
That appears to be the conclusion Jeffrey Vinik reached when he decided recently to close Vinik Asset Management. He resurrected the hedge fund earlier this year after closing it in 2013. The move to reopen the fund was a bold act of defiance when investors are dumping stock pickers, including equity hedge funds, in favor of low-cost index funds. "I think this is an incredible opportunity for old-fashioned stock picking," Vinik told CNBC in January. "We've had decades, maybe 10 or 20 years, of active managers underperforming passive managers." So what happened?
The round also saw the participation of AppWorks, GDP Venture, Gunung Sewu Kencana and Samator Education. The post Indonesian edtech startup HarukaEDU raises Series C led by SIG appeared first on DealStreetAsia.