Tagged: sequoia capital

January 13, 2020 @ 7:57 am By Omar Faridi  |  

Two Indian co-founders of Google Pay are reportedly preparing to launch a neo-banking platform in the Asian country and they have managed to acquire financial backing from three established venture capital funds. Sujith Narayanan, an experienced senior management professional specializing in the payments industry, who… Read More

November 20, 2019 @ 12:27 am By Omar Faridi  |  

OPay, a Nigeria-based mobile money service and ride-hailing app, revealed on November 18 that it had acquired $120 million in funding through a Series B investment round just months after it raised $50 million in a separate round. The African venture capital market has been… Read More

November 3, 2018 @ 11:29 am By Xu Gao  |  

Hong Kong Monetary Authority Launches Blockchain-based Trade Finance Platform TradeConnect The Hong Kong Monetary Authority (hereinafter referred to as the HKMA) announced on October 31st that it had launched a blockchain-based trade finance platform TradeConnect, in order to facilitate cross-border trade and related research. TradeConnect… Read More

July 31, 2018 @ 9:00 am By JD Alois  |  

Skyline AI, a tech based real estate investment firm using proprietary artificial intelligence (AI) and data science, has raised $18 Million in a Series A Round. The funding was led by big name VCs such as Sequoia Capital and TLV Partners. Additional participation  came from… Read More

July 9, 2017 @ 2:35 pm By Cole Lyons  |  

The Chinese Fintech Company, Dashu, has recently announced the completion of a 800 M Yuan ($115 M USD) series C round with some big names backing the company. Dachu’s list of investors includes PAG, Chunhua Capital, Sequoia Capital China Fund, Everbright Holdings, and Huaxing Capital… Read More

May 9, 2017 @ 8:07 am By Erin Hobey  |  

One billion dollars. MobiKwik is set to raise funds from investors including BlackRock Inc. which will value the innovative Indian Fintech company at about $1 billion, according to Bloomberg. Headquartered in Gurgaon, MobiKwik offers a mobile phone based payment system. Customers add money to an online wallet that… Read More

May 1, 2017 @ 5:39 pm By Samantha Hurst  |  

Aussie fintech startup Airwallex announced on Monday it has secured $13 million USD through its latest Series A funding round. Participants of the round included Sequoia Capital China, Mastercard, and Tencent Holdings. Founded in 2015, Airwallex is described as a foreign exchange market that makes… Read More

April 4, 2017 @ 5:40 pm By Erin Hobey  |  

“We have gained a foothold within the industry by partnering with 42 brands to date. Moving forward we will continue to innovate…” Having spent more than 20 years as a corporate executive in companies backed by prosperous VC firms including Kleiner Perkins, Mohr Davidow and Sequoia Capital, ApplePie Capital CEO… Read More

February 9, 2017 @ 6:06 am By Erin Hobey  |  

Mobile payments and digital wallet firm MobiKwik is reportedly  in talks to raise funding that would give the startup a $1 billion valuation, forging new ties with banks and offering new financial services on its growing platform, according to multiple news sources. Potential investor parties and sought funding… Read More

October 13, 2016 @ 4:34 am By Erin Hobey  |  

Digital payments platform Freecharge has appointed former Obi Mobiles executive Karthik Rajeshwaran as director (strategy), reported TechCircle. Rajeshwaran will use his expertise to usher-in consumer centric innovations to expand revenue across new business opportunities. “[Rajeshwaran] brings in a fresh perspective and inspired energy to tread us… Read More

February 2, 2016 @ 4:44 am By Erin Hobey  |  

Creditnation.in, a lending platform which combines credit advisory, analytics, process automation and last-mile connectivity, has announced that it has raised angel round funding for an undisclosed amount.  The platforms deals primarily in credit cards, loan against property, housing, personal, auto and business loans, and have already partnered… Read More

January 21, 2016 @ 4:20 am By Erin Hobey  |  

Fresh from its October 2015 investment in US marketplace lender Kabbage, Dutch bank ING has taken a stake in WeLab, a non-bank provider of consumer loans in China and Hong Kong. ING participated in a Series B $160 million (RMB1 billion) fundraising in the three-year old… Read More

December 8, 2015 @ 11:52 am By Erin Hobey  |  

Lemonade Inc., experts to serve the world’s first peer-to-peer (P2P) insurance company,  just stepped out of “stealth mode” and into the limelight, to launch as the first P2P insurance company in the world.  The NYC-headquarted startup has secured $13 million funding in a round led by Aleph and Sequoia Capital…. Read More

October 2, 2015 @ 11:30 am By Erin Hobey  |  

Fintech innovation in India is burgeoning!  Indian  Chillr, an Indian peer-to-peer (P2P) mobile money transfer app that spun off from MobME, secured US$6 million in a Series A round funding led by trailblazing Sequoia Capital, according to e27‘s Sainul Abudheen K. Run by Kochi-based startup Backwater Technologies, Chillr plans… Read More

September 1, 2015 @ 12:30 pm By Erin Hobey  |  

It’s meal time, a time when Zomato’s site is likely swarmed with hits.  If you are not yet familiar with Zomato, click here to see if the platform services your city. From Vancouver to Auckland, Zomato is used by millions of hungry people every day to decide… Read More

July 30, 2015 @ 10:04 am By Samantha Hurst  |  

Behalf, a payments platform targeted at small and mid-sized businesses, announced a Series B equity round and credit facility totaling $119M. MissionOG, an early to growth stage venture capital firm chaired by Gene Lockhart, the former CEO of MasterCard, led the equity round. Lockhart is joining… Read More

July 28, 2015 @ 11:35 am By Erin Hobey  |  

Payments startup Stripe landed a new round of funding from investors including American Express, Visa and Sequoia Capital, valuing the San Francisco-based company at $5 billion. According to the announcement, Stripe signed an agreement with Visa to work on digital transactions such as website ‘buy… Read More

April 3, 2015 @ 9:23 am By Erin Hobey  |  

VarageSale, the online marketplace for people to buy, sell and connect with their local communities, announced its partnership with Lightspeed and Sequoia, raising $34 million. The financing will be used to further enhance the VarageSale user experience and to continue to expand the company’s user base… Read More

April 2, 2015 @ 8:39 am By Samantha Hurst  |  

GenYrator, a millennial focused and founded equity crowdfunding platform, has launched its private beta concentrating initially on startups from USC, the alma mater of co-founder Sean Nasiri. GenYrator looks for emerging generation-y founded businesses with revenue that are not quite ready for institutional investors, and… Read More

April 1, 2015 @ 10:12 am By Erin Hobey  |  

JD.com, Inc. (Nasdaq:JD), China’s leading online direct sales company, today announced its launch of a series of initiatives to help finance, develop and promote the creation of start-ups in China. The new JD Equity Crowdfunding platform, which builds upon JD.com’s success in the area of Internet finance, is expected to… Read More