Finance technology firm FintechOS has secured a $14 million Series A funding round to expand its suite of digital solutions. The London-based company, founded in 2017, will use the cash to continue…
PropTech Firm Entera Raises $7.5m Funding Round
U.S. property tech startup Entera has raised a $7.5 million funding round, as it bids to expand its data-driven real estate solutions enterprise. The round, led by Bullpen Capital and Craft Ventures,…
WeWork Begins Restructuring After IPO Debacle
WeWork executives have begun the daunting task of rebuilding the company, starting with 2,400 layoffs and possibly renegotiating founder and former CEO Adam Neumann’s $1.7 billion payoff. WeWork, which was temporarily renamed…
Decentralized Trading Platform Vega Wins $5m Seed Round
Vega, a decentralized trading startup, has won a $5 million Seed funding round led by Pantera Capital, a Bitcoin-focused venture capital fund. The money will help Gibraltar-registered Vega develop a protocol it…
Alibaba Pays $2bn for Chinese E-Commerce Firm Kaola
Chinese tech giant Alibaba has acquired e-commerce site Kaola from compatriot NetEase for around $2 billion. Kaola, which sells imported goods in China, and competes with JD.com’s JD Worldwide, and Alibaba’s own…
$120m Funding Round Propels CRED to India’s Top Fintech Table
Barely nine months old, Bangalore fintech firm CRED has just won a $120 million Series B funding round that launches it to the forefront of India’s booming digital credit industry—and its founder…
Diagnostics Startup Atonarp Wins $33m Series C Round
Tokyo-based Atonarp, a high-molecular diagnostics firm, has raised $33 million in a Series C funding round. The round, which Atonarp has announced was oversubscribed, introduced five new investors to the company including…
Facebook’s Libra Cryptocurrency is Already Under Attack on Multiple Fronts
It has barely been two months since Mark Zuckerberg announced Facebook’s long awaited foray into the cryptocurrency market with Libra—but the platform already faces a raft of attacks from regulators and competitors.…
Nigerian Logistics Tech Firm Kobo360 Raises $30m Funding
Kobo360, a Nigerian logistics startup, has won $30 million of funding, including $20m led by Goldman Sachs and $10m from compatriot commercial banks. The cash will allow the Lagos-based firm, which connects…
Virgin Galactic to go Public With SPAC
Virgin Galactic, Richard Branson’s space tourism company, is to go public by merging with the special purpose acquisitions company (SPAC) Social Capital Hedosophia. Virgin Galactic will raise around $800 million from the…