Global Founders Capital (GFC), a new VC targeting e-commerce in emerging markets, has raised a EUR150m (USD194m) fund (reports StrategyEye). The fund’s key backers include the founders of startup incubator Rocket Internet, Oliver and Marc Samwer, as well as Fabian Siegel. GFC expects to close its first funding deal within five weeks, according to Samwer.
Although the fund will focus on e-commerce, the firm expects to expand its investments to all sectors with deals ranging in size from USD100,000 for seed capital to USD10m for later stage investments. Siegel says that two particular targets for late stage investment are apps and big data solutions. The firm has a limited number of partners with capital sourced predominantly from the Samwers and other entrepreneurial families.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.