Tag Archives: Deals

Less than a week ago, Coinspeaker reported that payment giant Visa now owns fintech startup Plaid. Visa acquired the San Francisco-based company in an interesting deal worth $5.3 billion. As we reported, the figure is more than double of Plaid’s 2018 valuation and is expected to stoke the fintech flame already burning in the company.So far, reactions to the acquisition have been great as people believe that their collaboration will do wonders for the fintech industry.The financial world is...

Ripple has indicated a serious interest in planting itself in the financial and remittance market of the Asia-Pacific (APAC) region. The giant blockchain company believes that the region is still a largely untapped mine and has its eyes firmly placed on this region for the year 2020.Ripple Has 2020 Plans for Asia-PacificIn an official Ripple publication on Thursday, the company breaks down the Asia-Pacific region, underscoring how much of a gold mine it is. Citing an article by the World...

Facebook is facing a lawsuit from a group of four plaintiffs who are accusing the social media giant of anti-competitive moves. The complainants are demanding a court order that will force the company to shed some of its weight and sell its assets.The Facebook LawsuitOn Thursday, four tech startups initiated the lawsuit. In the filing, the plaintiffs suggest Facebook’s unlawful moves have built what they describe as a “social data barrier to entry.” This continues to prevent them from being...

Gemini crypto exchange was founded by Tyler and Cameron Winklevoss. The company has announced that it has set up its in-house insurance company Nakamoto Limited that will protect its clients against any probable loss of coins stored in its offline vaults. Reportedly, the company has offered a possibly record-breaking $200 million coverage limit for Gemini Custody.Announced on January 16, the captive insurer will cover customers of the crypto cold storage service operated by Gemini Trust...

Credit card giant Visa is acquiring Plaid, San Francisco-based company that focuses on democratizing financial services through technology. The sum of the acquisition made up $5.3 billion, which is twice as much as Plaid’s valuation in 2018.We’re incredibly excited to share that Plaid is joining @Visa!Together, we’re looking forward to expanding our products for developers and connecting consumers with the fintech services that are making money easier for everyone. More details...

Aston Martin is in last-minute talks with the Canadian billionaire Lawrence Stroll. Reports indicate that the owner of the Racing Point Formula One team and the luxury carmaker are in talks. This is an effort by the carmaker to shore up finances. The company had a less than exciting performance last year. Lawrence Stroll and Aston Martin are said to be in talks to raise £200 million (about $260 million) in a fresh round of financing.Aston Martin Lagonda Global Holdings Plc. Limited is also in...

Social platform Little Red Book is seeking a $6 billion valuation. The platform is reportedly in talks with investors to raise between $400 million and $500 million. It’s also worth mentioning that it has the backing of internet giants Alibaba and Tencent holdings.Xiaohongshu which means “little red book” has tried to release its app before now. The startup though has indicated that the app will be available for download to about 300 million users in app stores from July this year. It is also...

Recently, there appeared reports stating that American food delivery giant Grubhub is in talks with Walmart, Kroger, Albertsons, and Ahold-Delhaize. Some have rumored that the companies may acquire the leading food ordering and delivery company. The discussions around the news became even hotter after the comments of Brittain Ladd, ex-Amazon executive, and supply-chain consultant.Ladd said:“I have spoken with executives from each company (especially Walmart) and there is interest in acquiring...

Tencent Holdings Ltd. and China UnionPay Co. announced they plan to bring together their mobile codes that users scan to pay for purchases. In that way, the Chinese central bank gets a much larger niche network inside the $27 trillion payments playground.Both companies decided to consolidate their QR code systems so their users will be able to transfer or spend their assets just by using the same smartphone symbols.However, from the companies, they didn’t want to elaborate. The Tencent...

The Japanese financial giant SBI Holdings Inc. and internet corporation GMO Internet Group will mine the number one crypto. To mine Bitcoin, SBI and GMO will rent capacity of the world’s leading mining farm based in Rockdale, Texas. As Bloomberg has reported, the companies have agreed with Whinstone Inc., a subsidiary of Frankfurt-based Northern Bitcoin AG. Neither SBI nor GMO has commented on the announcement yet, but those familiar with the matter said that mining begins ‘within the coming...