UK digital bank Monzo has been valued at $5 billion following a $430 million funding round. The round was led by Alphabet’s CapitalG group as well as Google Ventures, HongShan Capital and existing investors Passion Capital and Tencent, Monzo said in a news release provided to PYMNTS Tuesday (Mar. 5) “The new capital will be...
Despite headline-grabbing startup debacles, U.S. investors are still hot to bankroll up-and-coming companies like challenger bank Chime, The Financial Times (FT) reported on Tuesday (Jan. 7). In nine months, the valuation for Silicon Valley’s Chime grew to four times its original size, with investors offering...
As the saying goes, cash is king. Amend that a bit to state that when it comes to corporate events, cash may be … well, kind of king, right along with debt. By corporate events we mean takeovers, funding rounds and the like. A spate of...
Venture capitalists can be a cagey bunch, and now, they are a cautious bunch. The group, noted Bloomberg on Thursday (April 7), made fewer investments within the last quarter in the United States and actually loaded relatively more money into what Bloomberg termed as “mature private companies,”...
March 27, 2024
InsurTech Qoala has raised $47 million in a funding round led by PayPal Ventures and MassMutual Ventures. The Series C round, announced Wednesday (March 27), will let the Malaysia-based Qoala expand its embedded insurance business across Southeast Asia. “The investment will also empower Qoala to intensify its tech-driven initiatives, seamlessly integrate artificial intelligence across all channels, and elevate the experience of customers, […]
March 05, 2024
UK digital bank Monzo has been valued at $5 billion following a $430 million funding round. The round was led by Alphabet’s CapitalG group as well as Google Ventures, HongShan Capital and existing investors Passion Capital and Tencent, Monzo said...
April 08, 2016
Venture capitalists can be a cagey bunch, and now, they are a cautious bunch. The group, noted Bloomberg on Thursday (April 7), made fewer investments within the last quarter in the United...
