Tag Archives: Editor’s Choice

It seems that London has overtaken New York in the raising of finance for the global fintech sector or so it seems. According to CNBC, in terms of fundraising deals, the capital of the United Kingdom so far has raised about 114 deals worth about $2.1 Billion while the money City of the United States raised about $1.9 Billion figures show. The startup and venture capital hub San Francisco outpaced both cities with $3 Billion while Brussel in Belgium came a distant fourth with $881 Million and...

While Facebook is prepping for its Libra launch in 2020, it also has acquired ServiceFriend which is a start-up that builds bots. Experts already have speculated that this is possibly meant for the Calibra wallet support service. First, this news was published in an Israel where ServiceFriend is situated. One of its largest investors, Roberto Singler, alerted one of the local publications about this matter. While Facebook hasn’t yet approved the relevance to Calibra on this deal,...

Recently, people familiar with the matter, shared information that OneConnect, which is the fintech and blockchain unit of the Chinese insurance giant Ping An, is planning to debut in New York with an IPO. The company plans to launch the IPO in mid-November this year. Also, Japan’s SoftBank Corp. is one of the largest investors in the company.Previously, the company had marked the listing venue in Hong Kong. However, a few months ago, it changed it to New York in order to achieve a more...

Automattic, the parent company of the World’s most popular content management system WordPress recently raised $300 Million in financing from a single investor known for its deep interest in innovative internet technologies. Its valuation is already estimated at $3 Billion. Not bad for a company that isn’t known for raising money in venture capital regularly.Known Venture Capital firm Salesforce Ventures committed the series D funding of the parent company of the web’s most popular...

On Sept. 19, the Committee on Financial Services came to an agreement that the topic, “Oversight of the Securities and Exchange Commission: Wall Street’s Cop on the Beat,” would be the topic of discussion and Sept. 24 was chosen as the D-day, which is, just for a reminder, the day after Bakkt launch.This hearing will consist of the chairman of the SEC, Jay Clayton, Commissioner Hester Pierce, who is also known as Crypto Mom, and three other commissioners.Will Libra Make It Into the List of...

Patrick Byrne shared the letter on his personal website. Within the letter he reveals that he had dumped all his Overstock equity holdings over the past week and blames the deep state and the government for this action:“The riff-raff will tell you that my departure and sale were from a lack of confidence in what I left behind in Peace Coliseum: they are wrong, and I would like to tell you all the actual reasons before the yuck-yucks spin the truth.”Patrick Byrne resigned from the role of CEO...

Generally, the fact that the United States Securities and Exchange Commission (SEC) is not very supportive of the cryptocurrency industry is no longer news. The SEC has many times before, spoken out against cryptocurrencies because of their volatility and unregulated nature.Even efforts to launch Bitcoin Exchange-Traded Funds (ETF), have been largely unsuccessful as a few days ago, the Chicago Board Options Exchange (CBOE) withdrew its application to float the VanEck/SolidX Bitcoin ETF, just...

Easily the largest e-commerce platform in the world, Amazon has decided to give its customers a new cash-focused way to pay for their online shopping even as the world moves into cashless transactions. According to an official press release, Amazon PayCode will now be available to residents in the US who will be able to pay for already-made orders on Amazon.com, at one of many physical Western Union branches nationwide.The partnership between Amazon and Western Union kicked off a few months...

The Microsoft Corporation (MSFT) has announced interesting plans to buy back up to $40 billion in stock and to also raise the dividends payable to shareholders by up to 11%. This new buyback plan, as well as the plans to increase quarterly dividends, could see shareholders receiving up to 51 cents per share.This is definitely not the first time that Microsoft has undergone a large buyback plan as its board did authorize two before now, with the first in 2013 and the previous one in 2016....

Open banking fintech company Deposit Solutions received its latest financing round of just over €40m involving Deutsche Bank. Part-owner and German Venture Capital firm Finlab revealed this in a statement on Wednesday. As part of the financing round, the shares of the Fintech startup were revalued according to the International Financial Reporting Standards (IFRS) and the company is now said to be worth about €1 Billion.Last year, the startup also received a financing round of €100 million...