Ramp, a finance automation platform, says it has acquired the Sequoia-backed procurement startup Venue, as well as improvements to its Procurement product automation. The announcement represents a significant expansion for Ramp “beyond corporate cards as the company tackles inefficiencies across the entire financial tech stack.”… Read More
Sequoia India & Southeast Asia, the “largest” venture capital firm in the region which manages over USD 9.2 billion across 13 funds, will now be known as Peak XV Partners globally. The rebranding has “come after Sequoia Capital (US/Europe), Sequoia China and Sequoia India & Southeast… Read More
The team at TipLink is pleased to announce that they have raised $6m in seed funding led by Sequoia Capital and Multicoin Capital. TipLink allows users “to send crypto or NFTs with just a link.” The kicker is… the link is a wallet. They claim… Read More
Sequoia, one of the most prominent VC firms in the world, has apologized to its backers for the investment they made in FTX. As was previously reported, once the wheels fell off of FTX, Sequoia wrote its investment down to zero – a potential $150… Read More
Some observers believe that the potential collapse of FTX will be the death knell of crypto markets. The lack of regulation, a failure of management, and the destruction of investor trust have impacted the entire crypto industry. FTX CEO Sam Bankman-Fried, once the darling of… Read More
Dbank, a Pakistan-based Fintech company established by two ex- Google professionals, has acquired $17.6 million via a seed round that has been co-led by Sequoia Southeast Asia and Kleiner Perkins. Brazil’s virtual banking platform Nubank, RTP Global, Rayn and business partner Askari Bank also took… Read More
As was previously reported, Klarna has raised $800 million in funding but at an even lower valuation. Klarna raised the capital at a “post-money” valuation of $6.7 billion. This is a profound drop in valuation as Klarna was valued at $45.6 billion in the not-so-distant… Read More
It only feels like “yesterday” when CertiK was announcing their B2 round of funding, where the firm had been valued at $1 billion. The blockchain-focused firm also mentioned that just 3 months later, here they are again, and now they are “a $2 billion company.”… Read More
Amber Group, a digital asset platform based in Singapore, has raised $200 million in Series B funding at a $3 billion valuation. The funding was led by Temasek with participation from existing shareholders including Sequoia China, Pantera Capital, Tiger Global Management, Tru Arrow Partners, Coinbase… Read More
Chargebee, a subscription management and recurring billing platform, has acquired $250M in additional capital at a $3.5B valuation. Thrilled to announce that @Chargebee has raised $250M at a $3.5B valuation.🚀We are grateful to our investors, customers, partners & team who have supported our vision to… Read More
OneCard, an Indian Fintech that aims to become the one card to rule them all in the country, has raised $76 million according to multiple reports. The funding was led by ubiquitous Fintech investor QED along with Sequoia. Founded in 2018, the company issued its… Read More
Brazil-based Nubank has led a $45 million Series B funding round in yet-to-be-launched Indian neobank Jupiter. Global Founders Capital, Matrix Partners, and Sequoia Capital also participated in the round along with existing investors Addition Ventures, Tanglin VC, 3one4 Capital, Greyhound, and Beenext. Founded by Jitendra… Read More
Progcap, a company focused on corporate-led “last mile” retailer financing solutions for Indian markets, has acquired $25 million in equity capital as part of its Series B round that was led by Tiger Global along with participation from existing investor, Sequoia Capital India. Progcap says… Read More
French Fintech firm Pennylane has acquired €15 million in capital in order to expand its bookkeeping and financial management services. The Pennylane platform has been designed to allow SME owners to view all of their real-time financial data from a single dashboard. Established in 2020,… Read More
Indian neobank Razorpay notes that it’s been a challenging time for people across the globe. COVID-19 has disrupted lives in many different ways, the company adds in a recent blog post. Razorpay points out that with over a year since the first lockdown, Indian businesses… Read More
Kalshi, a U.S.-based federal regulated exchange dedicated to trading on event outcomes, announced on Wednesday it secured $30 million through its Series A funding round, which was led by Sequoia Sequoia Capital with participation from Charles Schwab, Chairman of Charles Schwab Corporation, Henry Kravis,… Read More
Sequoia Holdings, an employee-managed and owned provider of high-end software development and engineering tools, says it will allow its workers to receive part of their salary in Bitcoin (BTC), the flagship cryptocurrency. Under the program, employees at Sequoia may choose to defer a certain percentage… Read More
A record $1.8 billion was invested in Israel’s Fintech sector in 2019, which represented a 107% increase compared to 2018 when financial technology firms attracted $800 million in total investments. Israel is currently ranked fifth, globally, in terms of total Fintech investments, according to… Read More
Ex parte orders filed against the Binance crypto trading platforms by a leg of the VC firm Sequoia Capital have backfired as a judge’s staying of the orders have ushered in a countersuit against Sequoia brought by Binance CEO Changing Zhao, also known as “CZ,”… Read More
Singapore based Funding Societies has closed a USD $25 million Series B funding round. The peer to peer lending platform said the oversubscribed offer was led by Softbank Ventures Korea. Additionally, Funding Societies said it has received expanded credit facilities from banks and other financial… Read More
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