Tagged: sequoia capital

China’s Fintech and Blockchain Sector are Supported by $616 Billion in R&D Resources: Report

The ongoing U.S.-China trade wars and the COVID-19 outbreak have negatively impacted China’s $11-$13 trillion economy, however, the nation’s technology sector continues to develop rapidly. The country’s tech industry is supported by $616 billion in research and development (R&D) resources. In addition to investing in… Read More

AI-Driven Investment Management Platform Vise Raises $14.5 Million Through Series A Funding Round Led By Sequoia Capital

Vise, a U.S.-based artificial intelligence (AI)-driven investment management platform built for the modern financial advisor, announced on Tuesday it has secured $14.5 million in Series A funding, which was led by Sequoia Capital with participation from Founders Fund, Bling Capital, Human Capital, Lachy Groom, Steve… Read More

Robinhood Secures $280 Million Through Series F Investment Round Led By Sequoia

U.S. fintech Robinhood announced on Monday it secured $280 million through its Series F funding round, which was led by Sequoia Capital with participation from existing and new investors, including NEA, Ribbit Capital, 9Yards Capital, and Unusual Ventures. Founded in 2013, Robinhood stated it is… Read More

US Fintech Robinhood Is Reportedly Getting Ready to Finalize a $200 Million Investment Round, Led by Sequoia Capital

US Fintech firm Robinhood is reportedly getting ready to finalize its investment round worth an estimated $200-$250 million. Following the successful completion of this round, the Menlo Park-based brokerage firm would be valued at roughly $8 billion, according to recent reports. Sources familiar with the… Read More

Fintech Leap Finance, which Focuses on Helping Indian Students Enroll in Higher Education Programs, Secures $5.5 Million in Funding

Leap Finance Inc., a Fintech-focused platform for Indian students who are planning to enroll in international higher education programs, has secured $5.5 million in capital via a round led by Sequoia Capital.  Bhupinder Singh, founder and CEO at Incred, Kunal Shah, founder and CEO at… Read More

U.S.-Based Payments Infrastructure Platform Finix Secures $35 Million Through Series B Funding Round Led By Sequoia Capital

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Finix, a payments infrastructure platform based in the U.S., announced on Tuesday it secured $35 million through its Series B funding round, which was led by Sequoia Capital with participation from Acrew Capital, Bain Capital Ventures, Activant Capital, and Inspired Capital. The funding round comes… Read More

Founders of Google Pay India to Launch Neo-Banking Platform in the $2.6 Trillion Economy

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

Nigerian Mobile Money Service and Ride-Hailing App OPay Raises $120 Million via Series B Round

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

China: WeiyangX Fintech Review

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

Big Series A Round for Real Estate Fintech Skyline AI, Plans Expansion into Other Asset Classes

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

Online Lender Dashu Raises 800 Million Yuan

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

MobiKwik Reaches for Unicorn Status, Set to Raise Funding from BlackRock

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

Australia Fintech Startup Airwallex Secures $13 Million USD During Series A Funding Round

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

ApplePie Capital CEO & Co-Founder Denise Thomas Makes Marketplace Lending Success Look Easy

“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

Unicorn Spotting? MobiKwik Seeking Cash Infusion to Secure $1B Valuation

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

FreeCharge Teams Takes Shape, Taps Karthik Rajeshwaran as Director of Strategy

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

India Update: Delhi-Based Fintech Creditnation.in Raises Angel Round Funding, Sequoia Closes $920M Fund

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

ING Lead Investor in $160M in Series B Funding for Consumer Loan Provider WeLab: Aims to Improve Consumer Experience

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

Making Lemonade with Aleph, Sequoia Capital and Tech Entrepreneurs Daniel Schreiber, Shai Wininger: P2P Insurance

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

Simplifying Money: Sequoia Capital Leads $6M Funding Round for Chillr, Indian Mobile P2P Fintech Platform

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

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