Brazilian Fintech Company Stone Sets Ipo Pricing Terms
StoneCo Ltd, a Brazilian provider of financial technology solutions, has priced its IPO of 47.7 million shares at a price between $21 and $23 per share. The company plans on listing the stock on the NASDAQ under [...]
Corviglia Capital Launches $500M Fintech Fund To Back Late Stage Companies In Europe
Crowdfund InsiderCorviglia Capital Launches $500 Million Fintech Fund to Back Late Stage Companies in EuropeCrowdfund InsiderCorviglia Capital Fund, created by two Luxembourg entrepreneurs - Petr Smida and Cezary Smorszczewski, has announced a$500 million Fintech focused fund to back later stage Fintech companies. Corviglia says it intends to deploy half of the fund in the ...and more >>
Singapore Fintech Wallex Raises Pre-series A Round Led By Beenext
Other investors participating in the round are Indonesia's Central Capital Ventura and Indonusa Dwitama. The post Singapore fintech startup Wallex raises pre-Series A round led by BEENEXT appeared first on DealStreetAsia.
Fintech Startup Payactiv Secure $20M Through Series B Financing Round Led By Generation Partners
Crowdfund InsiderFintech Startup PayActiv Secure $20 Million Through Series B Financing Round Led By Generation PartnersCrowdfund InsiderPayActiv, a U.S.-based provider of employment-based holistic financial wellness services, announced on Wednesday it secured $20 million through its Series B financing round, which was led by Generation Partners. As previously reported, PayActiv was ...and more >>
Tencent To Invest In Brazilian Fintech Startup At $4B Valuation -- The Information
Chinese internet giant Tencent has agreed to invest about $200 million in Brazil's Nubank, which offers virtual credit cards, in a deal that values the startup at around $4 billion, a person familiar with the matter said. Tencent's first investment in Brazil makes Nubank one of the most valuable startups in Latin America. It is the latest sign of how China's tech titans are seeking new opportunities in major emerging markets such as Southeast Asia, India and Latin America, creating new challenges for their Silicon Valley counterparts.
How 22-Year-Olds Built Billion-Dollar Business In 2 Years
Henrique Dubugras and Pedro Franceschi, the co-founders of Brex, have raised $125 million at a $1.1 billion valuation just months after the startup's public launch. The financing makes them some of the youngest unicorn founders in history and puts them in a rare class of startups that have galloped into unicorn territory at such a fast clip.
Kkr, Tencent To Invest Us$175 Million For Minority Stake In Philippine Fintech Firm
MANILA: Private equity firm KKR & Co Inc and Chinese tech giant Tencent Holdings Ltd are acquiring a minority stake in the financial technology arm of Philippines' PLDT Inc, the companies said on Thursday. Philippine consumers, given the proliferation of smartphones, are increasingly subscribing ...
Chinese Fintech Weshare Secures $90M In Series B Round
Existing investor Tencent is said to have also increased its shareholding in the company. The post Chinese fintech WeShare secures $90m in Series B round appeared first on DealStreetAsia.
Funding, Ipos, M&a: Fintech In 2018
This story is the third in a multipart series by Benzinga on the state of the fintech sector in 2018. read more.
Talking To Charles Scwab About Schwab's $3.6T Edge On Fintechs
The 81-year-old discount-investing pioneer is taking on a new crop of rivals. : (Bloomberg Markets) --Charles Schwab's cheeks redden in a mixture of amusement and outrage as he recites the ways people on Wall Street make money. They take little nicks, he says, gesticulating with his left hand as if gripping a kitchen knife. High fees, fat spreads, excessive trades.