SVB Financial Group has formulated a restructuring plan with principal creditors, gaining the endorsement of a consortium of banks and investment firms. This group, holding over $2.3 billion in SVB Financial's debt and preferred stock, was mentioned in the documents presented to the Manhattan bankruptcy court. Following the collapse of Silicon Valley Bank in March,…
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Sandeep Arora, Head of Digital and Chief Investment Officer of Citi's Institutional Clients Group, said: Citi has a strong track-record of partnering with FinTechs to build digital solutions for our clients and believe this strategic investment will provide earlier visibility into new technologies and complement our direct investing program. Mark Beeston, Founder and Managing Partner…
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While many companies have invested huge amounts of money into blockchain and bitcoins, venture capital firms have gone in a slightly different direction. They invested primarily in tech companies that are involved in bitcoin and blockchain technologies, going around the “traditional” path of investing directly into digital currencies. However, the return on investment in companies…
Read moreToday global bitcoin exchange Kraken announced a multi-million dollar agreement with SBI Investment, one of Japan’s leading and most respected venture capital firms, to invest in and lead the Series B round of financing in Kraken. SBI Investment is the venture capital arm of SBI Holdings Inc (TYO:8473), the world’s first internet-based financial conglomerate. The terms of…
Read moreIsraeli tech startup TravelersBox, which helps travelers deposit the foreign currency coins and bills left after a trip, has announced the closing of a $10 million series A funding round led by Arbor Ventures. Existing investors, such as Pitango Venture Capital, IPE Ventures, Pereg Ventures, iAngels, and Global Blue, also participated in the funding. Tomer…
Read more"Payoneer continues to show tremendous momentum and revenue growth," said Amir Goldman, Managing Director of Susquehanna Growth Equity and Payoneer board member.
Read moreAvailable for iOS and Android, Airbitz automatically encrypts, secures and backs up user data without requiring complicated user prompts, and the decentralized server architecture ensures that Airbitz wallets are functional even if company servers are disabled
Read moreIn Currency Cloud's latest round of funding, investor Sapphire Ventures joins existing backer, Japan's Rakuten Technology Fund in the latest in a string of British digital payments VC investments this year, including Transferwise which raised $58 million in January and Azimo which last week raised $20 million
Read moreWhich companies invest the most in Fintech? And who are the leading early stage Fintech investors?
Read moreOnline payments startup Clinkle, the subject of the largest seed funding in Silicon Valley history 2 years ago, has experienced another mass walkout of staff, with discontent over M&A activity as the cause
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