SAN FRANCISCO & NEW YORK, October 22, 2024 – Infinity Ventures, an early-stage venture firm dedicated to supporting the future of fintech and commerce, announced the successful closure of its $184 million Fund II. Co-founded in 2021 by former PayPal executives Jeremy Jonker, Jay Ganatra, and Mario Ruiz, Infinity Ventures is renowned for its unique […]
October 18, 2024 – Manila, Philippines: Philippine conglomerate Ayala Corporation (AC.PS) has announced the sale of half its stake in the fintech unicorn Mynt to Japan’s Mitsubishi Corporation (8058.T). This strategic deal, valued at a minimum of 18.4 billion pesos (approximately $318.89 million), involves Mitsubishi acquiring 50% of Ayala-owned AC Ventures, which holds a 13% […]
London, UK – [October 2024] – Mobeus Venture Capital Trusts (VCTs) have achieved a remarkable fundraising milestone, selling out their latest offering in just 45 days. The two VCTs, Mobeus Income & Growth VCT and the Income & Growth VCT, collectively raised £90 million, including a £70 million offer and an additional £20 million through […]
October 17, 2024 – CapWay, a fintech startup founded in 2016 by Sheena Allen, has officially shut down operations, marking a somber moment in the ongoing fight for financial inclusion. The Y Combinator-backed startup was established to provide financial services to individuals in “banking deserts”—communities where access to traditional banking services is severely limited or […]
Amsterdam, 21 October 2024 – Josh Buckley, former CEO of Product Hunt and founder of Buckley Ventures, is seeking to raise $250 million for his fourth venture capital fund, according to a recent regulatory filing. This new fund marks a shift in Buckley’s strategy, as it comes at half the size of the $500 million […]
African fintech startup Yellow Card secures $33 million in venture capital from Blockchain Capital and others to fuel its ambitious expansion plans. Yellow Card, a leading African fintech startup, has successfully raised $33 million in venture capital funding, led by Blockchain Capital with participation from other key investors. This latest round brings the company’s total […]
Stockholm, October 2024 – In a significant move for the European venture capital landscape, Swedish entrepreneur-led VC firm Node.vc has closed its first fund with €71 million to invest in startups across the Nordics and Baltics. Node.vc joins a rising number of European funds that are driven by the motto “entrepreneurs backing entrepreneurs.” The firm’s […]
In a bold move set to transform Europe’s innovation landscape, a coalition of leading entrepreneurs and investors has launched EU Inc., a groundbreaking initiative aimed at establishing a single pan-European startup entity. This visionary effort seeks to streamline Europe’s fragmented startup ecosystems under the EU’s 28th regime, which provides a unified legal framework that simplifies […]
Funding fuels development of AI-powered STEER® network selection technology for seamless internet on the move Bordeaux, October 8, 2024 – Stellar Telecommunications SAS (“Stellar”), a pioneering startup focused on delivering flawless internet connectivity for vehicles on the move, has successfully secured €9.3 million in new funding. This funding round includes contributions from strategic private investors […]
Paris, October 3, 2024 – Paris-based startup Formality has successfully raised €8 million in a funding round to advance its AI-powered contract management platform designed to simplify and streamline contract workflows for businesses. The funding round was co-led by leading venture capital firms Partech and Serena, with an additional €2.4 million investment from BPI France, […]
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