Chime CEO and co-founder Chris Britt joins CNBC’s “Power Lunch” team to discuss the online banking company, the financial sector and his outlook for the company and the industry. Also, the Dallas Mavericks secured a jersey patch sponsorship with Chime for roughly 3 years. NBA jersey patch sponsorships can currently earn up to $20 million […]
Category: Portfolio News
Spain’s Glovo grabs $166M Series E for its ‘deliver anything’ app
Spain’s Glovo, an on-demand delivery app platform which operates in Europe, LatAm and Africa delivering food but also other urban conveniences from groceries to pharmaceuticals, has bagged another €150 million (~$166M) in a fast-following Series E round led by Abu Dhabi state investment company, Mubadala. […]
Digital bank Chime quadruples valuation in less than a year to $5.8 billion as it takes on megabanks
A war is brewing in digital banking, and one leading player just loaded up on ammunition. Chime, the largest of a new breed of branchless U.S. banks, raised $500 million in a series E round it closed recently valuing the company at $5.8 billion, according to people with knowledge of the situation. That is a remarkable […]
MIGO ANNOUNCES $20 MILLION IN SERIES B FUNDING, EXPANDS TO BRAZIL
In a bid to boost its economy, Zambia legalized the production and exportation of cannabis on Monday which will serve only economic and medicinal purposes. The Minister of Information and Broadcasting Services, Dora Siliya who also doubles as the government’s chief spokesperson revealed that the approval for the export of cannabis was granted at a […]
Digital bank Chime quadruples valuation in less than a year to $5.8 billion as it takes on megabanks
A war is brewing in digital banking, and one leading player just loaded up on ammunition. Chime, the largest of a new breed of branchless U.S. banks, raised $500 million in a series E round it closed recently valuing the company at $5.8 billion, according to people with knowledge of the situation. That is a remarkable […]
Singapore App-Lending Startup Scores $500 Million Valuation
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Ontruck acquires digital freight forwarding platform Briver from Wtransnet, consolidating market position in Spain
Ontruck, the digital road freight platform, today announces the acquisition of Briver, from Wtransnet, the leading freight and vehicle exchange in Iberia. With a particularly strong presence in Cataluña, digital freight broker Briver will help to consolidate Ontruck’s leadership across the Iberia region and bolster capacity during the end-of-year holiday rush (Black Friday, Christmas). Both brands […]
Heetch adds $4M to its Series B round
Ride-hailing service Heetch has added a new investor to its $38 million Series B round. AfricInvest is investing another $4 million in the startup — in total, Heetch has raised a $42 million Series B round. Previous investors in the Series B round include Cathay Innovation, Idinvest and Total Ventures (now called Total Carbon Neutrality Ventures, for real). […]
Cathay Innovation a investi dans Pinduoduo, le nouveau poids lourd du e-commerce chinois
Le fonds Cathay Innovation est spécialisé dans l’accompagnement des entreprises du digital. Il connecte les startups françaises et chinoises. D’ailleurs, Cathay Innovation a investi dans la licorne chinoise Pinduoduo, le nouveau poids lourd du e-commerce en Chine. Entretien avec Denis Barrier, co-fondateur de Cathay Innovation. – Tech & Co, du mardi 12 novembre 2019, présenté […]
Longliv invests $5m in microbiome co DayTwo
The Israeli company has developed a microbiome human discovery platform that offers a glycemic control solution for people with type II diabetes. Israeli personalized nutrition company DayTwo has expanded its $31 million Series B financing round with an additional $5 million investment from Longliv Ventures and unspecified amounts from Cathay Innovation and Samsung NEXT. Longliv Ventures managing […]