UK Launches Fintech Fund
In the UK, a mechanism has been created to provide support to firms that are at the stage of growth and are engaged in financial technologies.
Investing - page 27
Lender Better.com Plans SPAC Listing in August
Digital Mortgage Lender Better.com plans to become a public company by the end of August.
LuLu Group Raises $2.72 Billion
LuLu Group International, which is based in Abu Dhabi and owns one of the largest hypermarket chains in the Middle East, is raising 10 billion dirhams (about $2.72 billion) to refinance debt ahead of the expected initial public offering (IPO).
USA to Restrict Investments in Chinese Technology Sector
The administration of US President Joe Biden last Wednesday, August 9, announced its intention to introduce restrictive measures concerning the investment of American venture capital, private companies, and joint ventures in the Chinese technology sector.
Amazon Reportedly to Invest in Chipmaker Arm’s Initial Public Offering
The media reported that Amazon is currently negotiating to invest in the initial public offering (IPO) of the chip manufacturer Arm.
Сhipmaker TSMC Сommittes $3.8 Billion to Factory in Germany
Taiwanese chip manufacturer TSMC on Tuesday, August 8, announced the provision of financing in the amount of $3.8 billion for the construction of a plant in Germany.
Resilience to Expand Cyber-Risk Platform
Resilience has announced the completion of a $100 million Series D equity financing round.
SoftBank Vision Fund Makes First Profit
Vision Fund, which is part of the ownership structure of the Japanese corporation SoftBank Group, announced its first profit.
Airwallex Collaborates With OurCrowd to Make Startup Investing Easier
Airwallex announced the beginning of cooperation with the venture investment platform OurCrowd.
Tradeshift Raises $70 Million
Tradeshift, a platform for creating B2B payments, procurement in supply chains, and B2B marketplace services, announced that it managed to raise investment funds in the amount of $70 million.
Foxconn Plans to Build Component Plants in India
Foxconn Technology Group, Apple’s main supplier based in Taiwan, intends to increase investment in the development of production in the southern Indian state of Karnataka to more than $1.2 billion.
Applied Materials Expands in India
The American company Applied Materials, a manufacturer of equipment used in the production of microchips, announced its intention to expand the scale of its activities in India.
EToro Launches Fintech Portfolio, Gets Spanish License
Crypto trading and investing platform eToro has introduced a portfolio offering long-term exposure to leading fintech companies, while also achieving an important legal milestone
Sequoia Capital Reportedly Downsizes Its Funds
The media reports that the Silicon Valley venture capital company Sequoia Capital has decided to downsize two of its large funds.
A Beginner’s Guide to Investing in Mutual Funds
The world of investment can be very intimidating and complex for a first-timer. However, it gets easier with the right approach and knowledge. One of the most popular and beginner-friendly investment options is mutual funds.
Bloom Money Raises Funds to Digitize Microcredit Finance
The British fintech company Bloom Money has announced that it has managed to raise investment funds for 1 million pounds to digitize the informal financial management system used by ethnic communities around the world.
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