Tagged: unicorn

SoftBank Turns SE’s Auto Marketplace Carro into Unicorn with $360 Million Funding

South-East Asia’s largest automotive marketplace Carro is the newest Unicorn in the region. A full-stack service for all aspects of car ownership, Carro has raised USD $360 million in a Series C funding round led by SoftBank Vision Fund.  Indonesian fund EV Growth and insurance… Read More

Unicorn: Financial Institutions Tech Amount Secures Nearly $100 Million Through Series D Funding Round; Bringing Post-Money Valuation to $1 Billion 16 Months After Spin-Off From Avant

  Amount, a U.S.-based financial institutions tech company, announced on Tuesday it raised nearly $100 million through its Series D funding round and has achieved unicorn status by having a post-money valuation of $1 billion. Founded last year, Amount reported it delivers the technology financial institutions need to create and… Read More

Unicorn: Latin American Cryptocurrency Platform Bitso Secures $250 Million Through Series C Funding Round Led By Tiger Global & Coatue

  Bitso, a Mexico-based crypto platform, announced on Wednesday it has achieved unicorn status after raising $250 million through its Series C investment round, which was led by Tiger Global and Coatue with participation from Paradigm, BOND & Valor Capital Group, QED, Pantera Capital, and Kaszek. The… Read More

Transferwise Announces Rebranding to “Wise”

  Fintech Unicorn and stealth bank Transferwise announced on Monday it has officially rebranded to just Wise. Kristo Käärmann, Co-Founder and CEO of Wise, revealed in a blog post the rebranding is to show customers that the platform is more than just for money transfers…. Read More

Australia’s Judo Bank Secures $250 Million Through Latest Equity Round & Achieves Unicorn Status

Australia-based SME challenger bank Judo Bank announced on Thursday it raised $250 million through its latest equity at a post-money valuation to more than $1 billion, which the bank reports has lifted it into an exclusive club of local unicorns and showing the support of… Read More

Revolut Unveils New Tech to Reduce Fraud for its 3M+ Customers

Revolut, fintech unicorn and successful Crowdcube alum, is taking its customer protection to the next level, intending to become a world leader. As part of the platform’s plan, a new fleet of machine learning technology has been unveiled, a fleet that has already reportedly seen… Read More

Follow that Unicorn! Coinbase Nabs $1B Revenue during 2017

Coinbase, co-founded by Brian Armstrong and Fred Ehrsam, provides support for Bitcoin, Ethereum and Litecoin in 32 countries, with over 10 million customers served and over $50B in digital currency exchanged. Now the six year-old digital wallet and crypto-exchange Coinbase has reportedly crossed $1 billion in revenue… Read More

Report: Fintech Affirm Receives Unicorn Status in Next Funding Round

Affirm, a Fintech that provides point of transaction access to credit, has been received Unicorn status, according to multiple reports. Affirm is the creation of Max Levchin, a PayPal co-founder, who knows a thing or two about finance. According to a report in Bloomberg last… Read More

Report: There are 214 Unicorns in the World. A Good Number of them are Fintech

The wild herd of Unicorns, private businesses that are valued at $1 billion or more, continues to multiply.  The valuations rise as private money hunts for the next big investment trophy. Today, investing is borderless and services looking to scale tend to be country agnostic…. Read More

Visa Invests in Swedish Fintech Unicorn Klarna

This week, it was announced that Visa was purchasing a stake in Swedish fintech company Klarna. Details of the deal were not released, but numerous sources report that Klarna will be issuing a new series of equity following the deal. E-commerce Payments Solution Klarna, which was… Read More

SpeedX’s Unicorn Smart Bike Rolls on Kickstarter: Funded in 75 Minutes

SpeedX, the tech company whose Leopard smart bike raised $2,319,876 on Kickstarter, is back on Kickstarter with the Unicorn, its latest luxe smart road bike. Available on Kickstarter starting at $3199, the Unicorn has already surpassed its goal within 75 minutes, having raised over $208,990 from over 57 backers. “Behind the… Read More

The Next Unicorn On The Horizon: SalaryFinance, According To Former UK Head Of Google Founder

Former UK head of Google, Dan Cobley, sees a unicorn–a $1.5 billion-turnover success story–in his co-founded startup SalaryFinance, for which he left Google last year. According to Business Insider, Cobley said that SalaryFinance would “be talked about in some of the same sentences as unicorn businesses over… Read More

Unicorns are No Longer a Rare Animal

Aileen Lee, founder of VC firm Cowboy Ventures, is credited with coining the term “Unicorn” regarding startups with a $1 billion valuation (or more). According to NYTimes.com, she tried using several other terms like “Home Run” or “MegaHit” but those sounded too plebian. When the… Read More

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