April 04, 2024
Corporate Wellness Platform Gympass Rebrands as Wellhub, Prepares for IPO
Corporate wellness platform Gympass rebranded as Wellhub to reflect its expanding range of services. Previously focused on gym memberships, the platform now has partners in the fields of fitness, mindfulness, therapy, nutrition and...
April 03, 2024
VC Investors Face ‘Tough Math’ as Deal-Making Slows
Last year was the worst year for venture capital funding since 2016. So far, 2024 isn’t shaping up to be much better. Venture firms raised $30.4 billion from foundations, university endowments...
April 03, 2024
Rideshare Firm BlaBlaCar Raises $108 Million as IPO Plan Stalls
BlaBlaCar has raised $108 million in credit as it awaits a better IPO market. CEO Nicolas Brusson told Bloomberg News — in an interview published Wednesday (April 3) — that...
April 01, 2024
Cybersecurity Firm Rubrik Files for IPO
Cybersecurity firm Rubrik has filed for an initial public offering. In a Monday (April 1) filing with the Securities and Exchange Commission (SEC), the company did not disclose the size of the offering but said it...
March 29, 2024
FinTech IPO Index Up Slightly as nCino’s Gains Offset Huize’s...
Earning season’s set to begin in just a few weeks — but we’re still not quite done with, well, earnings season. The FinTech IPO Index was up 0.3% through the...
March 28, 2024
‘Mega-Deals’ More Than Double Following M&A Drought
After a drought, the merger and acquisition (M&A) landscape is in bloom. Major M&A deals — agreements worth at least $10 billion — more than doubled during the first quarter of this...
March 26, 2024
Nu Lowers Yield on Savings Accounts in Mexico
Digital bank Nu Holdings will lower the yield on its high-yield savings accounts in Mexico after the country’s central bank cut its key rate for the first time since 2021....
March 26, 2024
Alibaba Offers $3.75 Billion for Remaining Stake in Cainiao
Alibaba announced on Tuesday its decision to forego the initial public offering (IPO) of its logistics arm, Cainiao, in Hong Kong. Instead, the e-commerce giant disclosed its intention to acquire...
March 26, 2024
As Chime Mulls IPO, Neobanks Grapple With Uneven Profitability
As they say in horse racing and on Wall Street: You pays your money and you takes your choice. The news that Chime Financial is mulling an initial public offering next year...