Cryptocurrency brokerage Genesis will reportedly get an equity infusion of $140 million from its parent company to strengthen its balance sheet after saying its derivatives business has $175 million locked in a trading account of FTX, which has filed for bankruptcy protection. The infusion is...
Rho Technologies has announced a $100 million debt financing from global impact investment firm, Community Investment Management (CIM), which will go toward new strategic investments and broaden its service offering to business clients, a press release emailed to PYMNTS said on Thursday (April 29). Some...
If recent headlines have taught us anything, it is that economic support and investments can go a long way toward helping cities, businesses and individuals navigate any number of challenges (the pandemic is only among the most recent challenges). Unemployment is at historic levels. Small...
Lyft, the ride-hailing startup, is close to raising higher than $500 million in funding, giving it a valuation of $7.5 billion, reported Fortune Magazine. Fortune, citing an unnamed source, reported Lyft has been working on a capital raise for some months now as it aims to...
June 23, 2023
Venture capital (VC) has long been viewed as the ultimate source of financing for startups, but according to Jay Wilson, investment director at U.K.-based investment firm AlbionVC, it couldn’t be further from the truth. “Venture capital is wrong for about 99% of businesses out there,” Wilson told PYMNTS in an interview, adding that “VC money is […]
June 05, 2020
If recent headlines have taught us anything, it is that economic support and investments can go a long way toward helping cities, businesses and individuals navigate any number of challenges...
November 11, 2022
Cryptocurrency brokerage Genesis will reportedly get an equity infusion of $140 million from its parent company to strengthen its balance sheet after saying its derivatives business has $175 million locked in a trading account of FTX, which has filed for bankruptcy protection. The infusion is coming from the crypto investment firm Digital Currency Group, Bloomberg […]
April 07, 2017
Lyft, the ride-hailing startup, is close to raising higher than $500 million in funding, giving it a valuation of $7.5 billion, reported Fortune Magazine. Fortune, citing an unnamed source, reported Lyft...
