Gaming Startup Wargraphs Sells for $54 Million
Wargraphs, a startup that consists of one person and is developing a popular companion app for League of Legends called Porofessor, was sold for $54 million.
Finance & Economics - page 83
TikTok to Invest Billions of Dollars in Southeast Asia
TikTok, an application for short videos, which is part of the ownership structure of the Chinese company ByteDance, on Thursday, June 15, announced its intention to invest billions of dollars in Southeast Asia over the next few years.
ChrysCapital Invests $100 Million in Lenskart
ChrysCapital has directed investments in the amount of $100 million for the development of the Indian startup Lenskart, which specializes in the production of glasses.
Thailand Begins Pilot Retail CBDC Project
The Central Bank of Thailand has launched a retail pilot project using the central bank’s digital currency (CBDC).
Pay Off Debt vs. Invest: How To Make The Right Choice
When it comes to managing your finances, one common dilemma many individuals face is whether to prioritise paying off debt or investing their money. Both options have their merits, and the decision can vary depending on personal circumstances.
Insify Raises $10.7 Million for Its Business Insurance Startup
The startup Insify, which is based in Amsterdam and specializes in providing business insurance services, has attracted investment funds in the amount of $10.7 million following the results of the last stage of the Series A financing round.
Philippines Cuts Banks’ Reserve Ratio
The Central Bank of the Philippines decided to reduce the level of the norm on the availability of mandatory reserves for financial institutions at the end of the month.
NatWest and Edinburgh University Launch New Innovation Centre
NatWest Group and the University of Edinburgh are jointly implementing a project aimed at implementing efforts to create a Center for Purpose-Driven Innovation in Banking.
FTC Returns $392 Million to Consumers After Law Enforcement Actions
In the United States, the Federal Trade Commission (FTC) last year returned $392 million to citizens after a refund made possible as a result of the actions of law enforcement officers.
Lucinity Incorporates Generative AI Into Financial Crime Compliance Tool
Lucinity has launched a generative AI-powered tool for financial crime compliance teams
IQ Capital Raises $400 Million for Deep Tech AI Firms
Venture capital company IQ Capital announced the attraction of investment funds for $400 million to provide financial support to startups that operate in the field of artificial intelligence and robotics.
European Tech Startup Funding to Drop 39%: Forecast & Implications
European tech startups are witnessing another tough year, the funding is steadily falling, largely due to a retreat from US investors
Apple Sets for Record High Ahead of Mixed-Reality Headset Launch
The value of Apple shares on Monday trading shows record high values on the eve of one of the most significant events in the history of the company associated with the launch of new technological generation products.
UBS to Complete Credit Suisse Takeover by June 12
UBS expects to finalize its takeover of Credit Suisse as early as June 12, emerging from this rescue deal as a giant Swiss bank with a balance sheet of $1.6 trillion
US Passes Bill to Avoid Default: What to Expect?
The US House finalized a bill to suspend the debt ceiling on Wednesday, just days left before the country was expected to default. What comes next for the national debt and financial markets?
UK Neobank Monzo Records First Monthly Profits
British neobank Monzo said that it managed to achieve profitability.
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