Tagged: softbank

Indian Insurtech Policybazaar, a Digital Insurance Platform, Is Planning to Conduct IPO at $3.5 Billion Valuation

Policybazaar, a digital insurance platform, is reportedly planning to conduct an initial public offering (IPO) next year at a valuation of more than $3.5 billion. If it’s successful, then it might potentially become the first of India’s major startups to carry out such a large… Read More

Softbank backed Greensill Capital to Acquire Colombian Fintech Firm OmniLatam as Part of Latin America Expansion Strategy

Softbank Group-backed Greensill Capital, a London based provider of capital finance for businesses and people globally, will reportedly be acquiring Colombia’s Omni Latam in order to accelerate the growth and adoption of innovative financial tech solutions in Latin America. The amount that will be paid… Read More

SoftBank to Invest $100 Million, through its Second Vision Fund, into UK-based AI Firm Behavox

SoftBank, a Japan-based global conglomerate holding firm with more than $283 billion in assets, is reportedly planning to invest $100 million, through its second Vision Fund, into Behavox, a UK-based company that uses artificial intelligence (AI) to monitor workers’ behavior at financial services firms. SoftBank’s management… Read More

SoftBank to Add $1 Billion to its $5 Billion Latin American Fund Focused on Fintech, Healthcare, Digital Commerce

SoftBank, a Japan-based global conglomerate holding firm with over $283 billion in assets, will reportedly be adding another $1 billion this year to its $5 billion Latin America Fund, which was launched last year. The Tokyo-headquartered company added $1.6 billion to the fund in 2019…. Read More

Indonesia E-Commerce Marketplace Tokopedia Set to Finalize $1.5 Billion Round from Softbank, Alibaba, Temasek

Tokopedia, an Indonesia-based e-commerce marketplace, is reportedly in the final stages of closing an investment round valued at around $1.5 billion from Japan’s Softbank, China’s Alibaba Group and Singapore-based Temasek. The Tokopedia marketplace, which is notably the largest of its kind in Indonesia, is now… Read More

Argentina-based Mobile Payments Fintech Ualá Raises $150 Million via Series C Investment Round

Argentina-based mobile payments firm Ualá has been valued at almost $1 billion in its most recent investment round, which was led by Chinese tech giant Tencent, according to sources familiar with the details of the transaction. Tencent led Ualá’s $150 million Series C investment round…. Read More

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

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