Pakistani Digital Banking Fintech Tag Acquires $12M via Round led by Liberty City Ventures Crowdfund Insider. : Pakistan-based virtual banking platform Tag has acquired more than $12 million in capital as part one of the largest seed rounds in Southeast Asia. With the capital injection, Tag's valuation now stands at $100 million, with the firm managing to finalize the fundraising deal within a two week timeframe. Tag's investment round included participation from Canaan Partners, Addition, Banana Capital, and Mantis. As mentioned in the announcement, the round was led by Liberty City Ventures.
With 1,65,990 new tests, the number of samples examined for coronavirus so far in Maharashtra rose to 5,81,58,000.: Pre-configured baskets of stocks & ETFs that you can invest in with a single click. Developed by hedge funds, global asset management companies, experienced wealth management firms and portfolio managers. Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas Maharashtra on Sunday reported 3,206 new coronavirus positive cases and 36 fatalities while 3,292 patients recovered, the health department said. The new additions pushed the tally of infections in Maharashtra to 65,44,325 and the death toll to 1,38,870.
The Freshworks IPO is on all our minds after its Nasdaq debut last week, and Karnataka has proposed a ban on online gaming platforms in the state that is expected to impact a slew of Indian startups.
Financial Documents Analysis Provider Ocrolus Secures $80M via Series C led by Fin VC Crowdfund Insider. : Ocrolus, which claims to be the only automation platform that analyzes financial documents with more than 99% accuracy, reveals that it has finalized an $80 million Series C round that was led by Fin VC at a $500 million+ valuation. Ocrolus powers document workflows for innovative financial services companies such as Brex, Enova, LendingClub, PayPal, Plaid, and SoFi. Ocrolus intends to use the proceeds to develop more products for the mortgage lending and banking sectors and to expand its US operations.
* The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance Eswar S. Prasad Q&A with author via Bloomberg Q: Why is there such urgency for central banks to develop digital currencies? A: The reality is that the end of physical cash is not too far away. We are seeing digital payments [...]
The Illinois Freedom To Work Act - New Rules Impacting Restrictive Covenants | Levenfeld Pearlstein, Llc
Non-competes and non-solicits, so-called restrictive covenants, have been at the center of a nationwide discussion for many years. On the one hand, employee-leaning constituencies have advocated for substantial restrictions and/or outlawing restrictive covenants. Employer groups, on the other hand, have argued that restrictive covenants are necessary to protect important business interests, such as mitigating the risk of unfair competition......By: Levenfeld Pearlstein, LLC.
Days after Google shattered a pandemic purchase record in Manhattan's Hudson Square, another deal has added to the neighborhood's pricey office scene. Vanquish LLC, a group of investors from the Middle East, bought a boutique office building from Penn South Capital at 39 Clarkson Street for $45.9 million. The all-cash deal for the six-story, 30,000-square-foot building closed two weeks ago, according to the Commercial Observer. The office building has one tenant, mental health startup Talkiatry, The post Hudson Square office building sold for $46M appeared first on The Real Deal New York.
Bill Ackman, CEO of Pershing Square Capital, speaks at the Wall Street Journal Digital Conference in Laguna Beach, California, U.S., October 17, 2017. REUTERS/Mike Blake/File Photo BOSTON, Sept 22 (Reuters) - Hedge fund manager William Ackman's 10% bet on Universal Music Group helped nearly double returns at his own portfolio to 15.3% this week after shares in the world's biggest music label surged in their first hours as a publicly traded company. Ackman, who runs hedge fund firm Pershing Square Capital Management, told investors that his Pershing Square Holdings portfolio returned 15.3% after fees since January.
Lowercarbon Capital, a climate-tech focused fund founded by longtime investor Chris Sacca and his wife Crystal Sacca, has closed on $800 million in capital, Sacca announced today in a post on the firm's site. According to Sacca, the commitments came exceedingly fast -- in "just a few days." Writes Sacca: "It turns out that raising [...]