Tagged: softbank

Financial Giant Softbank Invests $655 Million into UK-based Supply Chain Firm Greensill

Tokyo-based Softbank, a multinational conglomerate holding company that provides fixed-line, mobile telephony, internet, telecommunications, and digital television products, is planning to invest $655 million into Greensill, a UK-headquartered supply chain finance company. Softbank has been a prominent investor in the Fintech sector having taken positions… Read More

India’s Largest Mobile Payments Group Paytm to Raise $2 Billion from Ant Financial, Softbank to Expand Operations

Paytm, India’s largest mobile payments company, is planning to raise $2 billion from investors including Alibaba’s Ant Financial and Softbank in order to compete with other giant retailers such as Amazon and Walmart, according to sources familiar with the matter As reported by the Financial… Read More

Wirecard Formalizes Strategic Cooperation Agreement With SoftBank

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Wednesday it and a subsidiary of SoftBank Group Corp. (SoftBank) have signed the final documents for the issue and subscription of the Wirecard convertible bond and the strategic cooperation agreement. Wirecard reported that under… Read More

Brazilian Lending Platform Creditas Secures $250 Million Through Latest Investment Round Led By SoftBank

Brazilian digital secured lending platform, Creditas, successfully secured $250 million through its latest investment round, which was led by Japan’s SoftBank with participation from Vostok Emerging Finance (VEF).  As previously reported, Creditas’ mission is to reduce the Brazilian consumer debt burden by offering consumer loans… Read More

3 Biggest Fintech Trends Shaping Latin America

3 Fintech Trends to Watch in Latin America Latin America is one of the fastest-growing regions in the world for mobile usage. In fact, the region ranks third for smartphone adoption globally, behind North America and Europe In 2017, the percentage of the Latin American… Read More

Report: Softbank Founder Masayoshi Son Lost $130 Million on Bitcoin

The Wall Street Journal has reported this week that, on the advice of “a Bitcoin evangelist,” Softbank founder Masayoshi Son invested big in Bitcoins at the height of the market, then lost $130 million when he sold his position as the coin began to crash…. Read More

Softbank to Invest €900 Million in Wirecard

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Wednesday it is to receive a €900 million investment from Softbank through convertible bonds. Wirecard reported it is planning to issue convertible bonds with a term of five years exclusively to SoftBank, convertible to… Read More

Customer Data Activation Platform Blueshift Secures $15 Million Through Series B Investment Round Led Softbank

Blueshift, a customer data activation platform, announced on Tuesday it secured $15 million in Series B investment round, which was led by Softbank’s new AI-focused early stage fund, Softbank Ventures Asia. The company’s previous investors, including Storm Ventures and Nexus Venture Partners, also participated in… Read More

Insurtech Lemonade Raises $300 Million in Round Led by SoftBank

Insurtech Lemonade has raised more money. The company revealed today that it has raised $300 million in a round led by SoftBank. The round included the participation of several well-known investors including leading crowdfunding platform OurCrowd, a company that has long held Lemonade in its… Read More

SoftBank Collaborates With TBCASoft to Launch Blockchain-Based Identification & Authentication Working Group

SoftBank Corp. (TOKYO: 9434) announced on Tuesday it has formed a new partnership with  TBCASoft, Inc. to launch a blockchain-based “Identification & Authentication” Working Group under the Carrier Blockchain Study Group (CBSG), the global blockchain consortium of telecom carriers. According to the duo, TBCASoft created a new foundation… Read More

UK Fintech OakNorth Secures $440 Million Through Latest Investment Round Led By Japan’s SoftBank

OakNorth, a UK-based fintech startup, has successfully secured $440 million through its latest investment round, which was led by Japan’s SoftBank Group Corp.  Launched in 2015 by Rich Khosla and Joel Perlman, OakNorth claims to be Europe’s fastest-growing fintech company by assets and valuation. The company… Read More

Farewell Venture Capital: The Shift to Crowdfunding and Other Sources for Scaling Startups

A successful startup needs successful venture capital (VC) backing, right? Well, not always. The status quo of startup funding is beginning to shift as smaller, more nimble outfits backed by crowdfunding campaigns have proven that they, too, can reach stratospheric heights. Moreover, the founders of… Read More

Report: Revolut to Raise $500 Million then Launch in USA

Digital bank Revolut is revving up for a $500 million series D funding round, according to recent reports. This next capital injection follows the last round from earlier this year when Revolut raised $250 million at a valuation of $1.7 billion. The funding validated its… Read More

China: WeiyangX Fintech Review

Bitcoin Mining Giant Bitmain Goes Public in Hong Kong On September 26th, Bitmain, a Beijing-based Bitcoin mining giant, finally disclosed its IPO prospectus to be listed on the Hong Kong Stock Exchange. CICC will serve as the sole sponsor. According to the prospectus, Bitmain’s net… Read More

China: WeiyangX Fintech Review

By 偉宗 勞 on Unsplash China Metro Transportation

Beijing Launches Internet Court, Accepting and Hearing Cases of Online Lending On September 9, Beijing unveiled its Internet court. The court, located in Fengtai District, mainly accepts cases regarding the Internet and intellectual property rights, including disputes caused by online loans, online shopping contracts, and… Read More

SoftBank Vision Fund to Invest $100 Million Into Chinese Online Insurer ZhongAn

SoftBank’s Vision Fund is reportedly looking to invest $100 million into Chinese insurtech startup, ZhongAn. The upcoming investment comes just weeks after ZhongAn announced the launch of its new its Software-as-a-Service (SaaS) platform, ZhongAn Technology Intelligent Open Platform for Insurers. ZhongAn, which was launched by Ant Financial,… Read More

SoftBank & Yahoo Japan JV Collaborates With India’s Paytm to Launch Japanese Barcode-Based Smartphone Payments Service “PayPay”

PayPay Corporation, a joint venture created by SoftBank Corp. and Yahoo Japan Corporation, announced on Monday it will launch “PayPay” smartphone payment services using barcodes (QR code) this upcoming fall. PayPay Corporation reported it will team up with India’s largest digital payment company Paytm, a… Read More

SoftBank Reveals Third Round SoftBank Innovation Program Winners

SoftBank Corp. announced on Thursday results for the third round of its SoftBank Innovation Program, which is a program that seeks a wide range of innovative solutions and technologies from around the world to consider for commercialization. SoftBank reported it will tie up with eight companies… Read More

Softbank Partners With CloudMinds Technology For Authentication Solution of Blockchain-Based Security Platform

SoftBank Corp. announced on Wednesday it has teamed up with CloudMinds Technology for the development of an authentication solution based on blockchain. The two companies reported that they have developed the new solution by combining CloudMinds’ blockchain-based authentication with the mobile carrier’s authentication platform. According… Read More

Largest Funding Round for P2P Platform in Southeast Asia: Funding Societies Raises $25 Million

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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