Tagged: softbank

November 29, 2019 @ 11:19 am By Omar Faridi  |  

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

October 29, 2019 @ 10:54 pm By Omar Faridi  |  

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

October 19, 2019 @ 12:17 am By Omar Faridi  |  

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

September 18, 2019 @ 10:02 am By Samantha Hurst  |  

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

July 10, 2019 @ 3:32 pm By Samantha Hurst  |  

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

June 9, 2019 @ 4:00 pm By Katie Griffing  |  

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

April 24, 2019 @ 2:08 pm By Cali Haan  |  

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

April 24, 2019 @ 10:10 am By Samantha Hurst  |  

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

April 23, 2019 @ 11:01 am By Samantha Hurst  |  

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

April 11, 2019 @ 12:58 pm By JD Alois  |  

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

February 26, 2019 @ 3:54 pm By Samantha Hurst  |  

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

February 8, 2019 @ 8:55 am By Samantha Hurst  |  

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

February 7, 2019 @ 2:17 am By Max Lyadvinsky  |  

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

November 18, 2018 @ 8:14 am By JD Alois  |  

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

September 29, 2018 @ 11:18 am By Xu Gao  |  

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

September 15, 2018 @ 7:00 pm By Xu Gao  |  

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

August 28, 2018 @ 10:54 am By Samantha Hurst  |  

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

July 30, 2018 @ 10:43 am By Samantha Hurst  |  

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

May 31, 2018 @ 10:57 am By Samantha Hurst  |  

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

May 30, 2018 @ 9:40 am By Samantha Hurst  |  

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