Alibaba poised to make $575m investment in India’s Paytm
Alibaba is in advanced talks to make a $575 million investment in the parent company of Indian mobile payment platform Paytm.
Alibaba is in advanced talks to make a $575 million investment in the parent company of Indian mobile payment platform Paytm.
Start-up company Bitreserve has raised £6.3 million through Crowdcube and US platform Venovate to fund a bitcoin wallet that simplifies the saving and spending of the crypto-currency.
Hong Kong’s first peer to peer lending platform WeLend has closed a $20 million Series A funding round to fund further expansion into China.
Alibaba rival Wanda E-commerce has raised one billion yuan (roughly $161 million) in funding, quadrupling its valuation to 20 billion yuan (about $3 billion).
Payments start-up cashcloud has completed a third financing round with new investors, raising an undisclosed amount in the area of 'several million Swiss francs' to develop and distribute the its mobile cashcloud eWallet.
International payments start-up Adyen has raised its largest round of funding yet. The company has capitalized on the fast-growing popularity of its global payments platform to land a $250 million investment.
Wagepoint, a payroll-focused human resources software company, has raised $2 million in seed funding for its cloud-based payroll software solution.
Softbaked, the company behind Thailand’s social commerce platform Page365 has raised $420,000 in seed funding.
Korean e-commerce site Coupang has raised $300 million in new funding to build out its mobile first approach and expand its logistics network.
Dynamics Inc, an interactive card developer, closed a $70 million Series C round of financing which included financial backing from MasterCard.