Banks all over the world are rushing to change the way customers interact with financial services. Well, they want to make that happen. However, they've had a hard time finding expert partners and data security.
Momo, a Vietnam-based FinTech company that provides users with digital payment options, has reportedly received a very large Series C investment from American private equity firm Warburg Pincus. The exact size of the investment isn't being released, but Pham Thanh Duc, CEO of M-Service, which is Momo's parent company, said the amount sets a new [...]
Germany-headquartered mobile banking startup N26 has raised a whopping $300 million in a series D round of funding led by Insight Venture Partners, with participation from Singaporean sovereign wealth fund GIC and a handful of existing investors. This raise officially elevates N26 into the much-coveted unicorn club, bestowing upon it a valuation of $2.7 billion. Founded in 2013 as Number26, the Berlin-based fintech startup rebranded as N26 in 2016 just as it obtained its own banking license.
N26 is calling today's $300 million fundraise the "largest private equity financing round for a fintech company in Europe", and revealed the round places a $2.7 billion price tag on the company.
Gic Joins German Mobile Bank N26's Us$300m Funding Round, Banking News & Top Stories - The Straits Times
January 10, 2019 4:37 PMSINGAPORE - Singapore sovereign wealth fund GIC is taking part in a US$300 million (S$406.6 million) fundraising by N26, which aims to build the first global mobile bank.
For something as nascent as flying cars and taxi drones, you may have to build your own portfolio. Luckily, Morgan Stanley has done some of the homework in compiling the "Urban Air 50" a group of more than four dozen stocks ready to reap the rewards of a robust urban air transportation network.
Bengaluru-based mobile gaming startup Mech Mocha Game Studios Pvt. Ltd is raising up to $10 million (Rs 71 crore at current exchange rates) as part of its ongoing Series B funding round, a top company executive told TechCircle. The startup is looking to raise around $5-6 million for the first close from new and existing investors, Arpita Kapoor, co-founder and chief executive of the venture, said over the telephone. South Korea-based Neoplux, the private equity and venture capital arm of Doosan Corp, and Akatsuki, the investment arm of Japanese mobile gaming company are the new investors coming on board.
Buoyed by the success of ride-hailing firms Ola and Uber Technologies Inc., investors are pouring funds into the next wave of mobility startups in India as urban transportation bookings move online.
The company will use the proceeds for product development and market expansion. The post Chinese mobile security firm Zhizhangyi raises $29m Series B round appeared first on DealStreetAsia.
Automotive and transportation focused investment firm further develops portfolio of innovative products to the transportation and commercial vehicle industries BLOOMFIELD HILLS, Mich., October 16, 2018-- Michigan Capital Advisors ("MCA"), a private equity firm focused on the automotive and transportation-related industries, announced today that it has made an investment in Ventech, LLC ("Ventech"). Terms of the transaction were not disclosed. Ventech is the developer of the Liquid Heat Generator ("LHG"), a revolutionary mobile heating technology.