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526

Used Daily By 750K Workers, Slack Raises $160M, Valuing Collaboration Startup At $2.8B

TECHCRUNCHSlack, the popular workplace communication and collaboration startup from Flickr co-founder Stewart Butterfield — is today confirming that it has raised its latest round of funding: a Series E of $160 million at a post-money valuation of $2.8 billion. This follows on from reports from us and others that it was raising funding at upwards of a $2 billion valuation — a massive premium on its $1.12 billion valuation in October 2014. (more…)

Deals, Fintech news, news

April 16, 2015

472

Zomato Acquires Cloud-Based MaplePOS To Move Beyond Reviews

E27.COZomato, the online restaurant guide, has acquired MaplePOS, a cloud-based point of sale product for restaurants at an undisclosed sum. It has already renamed the MaplePOS product to Zomato Base. (more…)

Deals, Fintech news, India, InspirAsia

April 15, 2015

572

Micro-Investment App Acorns Raises $23 Million Led By Greycroft, e.Ventures

TECHCRUNCHAcorns, the micro-investment app that sets up a portfolio for you by collecting your spare change, has today announced the close of a $23 million Series C financing, led by Greycroft Ventures and e.Ventures, with participation from Sound Ventures, Garland Capital, and MATH Venture Partners. This brings Acorns’ total amount raised to $32 million. (more…)

Deals, Fintech news, news

April 15, 2015

653

Philippine Startup Satoshi Citadel Industries Acquires BuyBitcoin.ph

E27.CO: Philippine startup Satoshi Citadel Industries (SCI) has acquired BuyBitcoin.ph, the first Philippine Bitcoin exchange in the country. Founded by Sam Kaddoura, Lasse Birk Olesen, James Florentino and Dan Walton in January 2014, BuyBitcoin.ph is a peso to Bitcoin ‘over-the-counter’ exchange which allows Filipinos direct access to buying and selling of the cryptocurrency. (more…)

Cryptocurrencies, Deals, Fintech news, InspirAsia, news, Philippines

April 14, 2015

436

Temasek Acquires SVB India Finance For $48.1M To Foray Into Venture Debt

TECHINASIA: Singapore’s sovereign wealth fund Temasek has acquired SVB India Finance, the largest provider of debt financing to VC-backed firms in India. The deal is worth INR 3 billion (US$ 48.1 million). (more…)

Deals, India, InspirAsia, Singapore

April 14, 2015

442

Restaurant Classifieds Site Zomato Eats Up An Additional $50M In Funding

TECHINASIA: Barely five months after raising US$60 million, restaurant finder app Zomato has swallowed another US$50 million in a fresh round of funding from existing investor Info Edge, a public listed online classifieds firm, among others. Info Edge alone pitched in US$24 million. (more…)

Deals, Fintech news, India, InspirAsia, news

April 13, 2015

779

LinkedIn To Buy Online Education Site Lynda.com For $1.5 Billion

TECHCRUNCH: Professional network LinkedIn is getting into the professional skills education market in a big way: The social company purchased Lynda.com, the online learning company founded in 1995 by technical skill instructional book author Lynda Weinman and co-founder Bruce Heavin. Lynda.com has long been the go-to resource for online learning on subjects like Photoshop, basic HTML, CSS, management practices and many more, offering instructional videos and tutorials from industry experts and vets long before e-learning was at anywhere near the level of interest it enjoys today. (more…)

Deals, Influences FinTech

April 9, 2015

689

Cloud Accounting Startup FreeAgent Raises $5M In Debt Financing

TECHCRUNCH: FreeAgent, the cloud-based accounting software startup that targets freelancers and so-called “micro-businesses”, for which it claims to be the leader in the U.K., has raised a further $5 million in funding — money it plans to use to increase the rate of customer acquisition (read: marketing). (more…)

Deals, Fintech news, news

April 8, 2015

1267

New Fintech Unicorn – Prosper!

WIRED: Online peer-to-peer lending platforms have surged in popularity by connecting people who want to borrow directly with people who want to lend. And now banks want in on the action. (more…)

Deals, Fintech news, p2p/online lending

April 8, 2015

707

Indian Payments Startup MobiKwik Nabs $25M From Tree Line, Cisco, AmEx And Sequoia

TECHCRUNCH: The rise of e-commerce in India has triggered a wave of startups that are leveraging the increasing adoption of smartphones to provide mobile payment solutions. Alibaba invested in Paytm at an apparent billion dollar valuation earlier this year, and now MobiKwik is the latest to be flushed with new cash. New Delhi-based MobiKwik has pulled $25 million in funding, led by Singapore-based hedge fund Tree Line Asia. The deal included participation from a couple of interesting strategic investors — Cisco and American Express. (more…)

Deals, eWallets, Fintech news, India, InspirAsia

April 8, 2015

606

Indian E-Commerce Giant Snapdeal Buys Bill Payment Service FreeCharge

TechcrunchSnapdeal, the SoftBank- and eBay-backed online commerce company in India, has completed what it called “one of the biggest acquisitions in the history of the internet industry in India” after it announced the acquisition of online transaction service FreeCharge. (more…)

Deals, Fintech news, India, InspirAsia, Mobile payments/banking

April 8, 2015

1009

Yuri Milner’s DST Global Invests Over $200 Million In Ola Cabs.

TOFLER: For the past few weeks, speculation has been rife that Russian Venture Capitalist Yuri Milner’s DST Global was set to invest $500 million in online cab aggregator Ola Cabs. The wait is now over. The latest funding round closed last week when ANI Technologies Private Limited, the owner of Ola Cabs, issued Series G of Preference Shares to various funds within the DST Global umbrella and to some of its existing investors. The company’s filings obtained from the Registrar of Companies reveals the list of investors and the money each has invested in these preference shares. (more…)

Deals, Fintech news, India, InspirAsia

April 7, 2015

480

Google Capital Leads A $60 Million Series B Round To Help ZenPayroll Serve Larger Businesses

TECHCRUNCH: Cloud-based payroll processing startup ZenPayroll has closed on a $60 million Series B round, led by Google Capital. Emergence Capital Partners and Ribbit Capital also participated, along with existing investors General Catalyst, Kleiner Perkins Caufield & Byers, and Google Ventures. This now puts the total raised at $86.1 million at a $560 million post-money valuation for the startup. (more…)

Deals, Fintech news, news

April 6, 2015

634

Alibaba Makes Strategic Investment In Israeli Venture Firm JVP

TECHCRUNCH: Two months after making its first investment in Israel, Alibaba is digging deeper into the country’s startup ecosystem. Venture capital firm JVP (Jerusalem Venture Partners) announced yesterday that it will partner with the e-commerce giant to give financial support to promising startups. The amount of money both companies will invest together was not disclosed. (more…)

Deals, Fintech news, InspirAsia

April 5, 2015

484

Snapdeal Forays Into Financial Services; Acquires RupeePower

E27.CO: Indian online marketplace Snapdeal has  announced its foray into financial services with the acquisition of a majority stake in RupeePower, a digital financial products distribution platform, for an undisclosed amount. The e-commerce player will now offer consumers a financial services marketplace by integrating RupeePower onto the Snapdeal platform. It aims to enable US$1 billion consumer loans disbursal over the next two years.

(more…)

Deals, India, InspirAsia

April 1, 2015

542

Mobile Payment Startup MyCheck Raises $5M From Santander’s Innoventures Fund

TECHCRUNCHMyCheck, another startup that wants to make it easy to pay your restaurant bill using your mobile phone, has closed a $5 million Series B. However, perhaps more noteworthy is the company’s new backer: the Spanish bank Santander via its recently launched Santander Innoventures Fund. (more…)

Deals, Fintech news, Mobile payments/banking, news

March 29, 2015

2264

Northwestern Mutual Buys Finance Startup LEARNVEST For $250M

FAST COMPANY: Alexa Von Tobel, whose startup LearnVest was featured on our list of the world’s Most Innovative Companies, has sold her company to Northwestern Mutual for $250 million, according to Fortune. Not bad for a personal-finance startup. (more…)

Deals, Fintech news, Hotnews, PFM/PFP services

March 27, 2015

635

Advanced Merchant Payments Pulls in Undisclosed Amount of Funding

FINOVATE: Advanced Merchant Payments (AMP), a company that provides banks technology to offer loans to their small business customers, pulled in an undisclosed amount of funding today from Route 66 Ventures. The new installment is a follow-on round to the $5 million Series A round received in November 2014 from SBT Venture Capital. (more…)

Deals, Fintech news, Hong Kong, InspirAsia, news

March 26, 2015

429

Indian fin-tech startup Artoo gets US$500K funding

E27.CO: Bangalore-based Artoo IT Solutions, a startup that offers customer relationship management solution to banks and financial institutions, has secured US$500,000 in funding from seed-stage investor Accion Venture Labs and Rianta Capital Zurich’s impact investment unit Artha Initiative. The startup will use the capital to enhance its product functionality, build team and scale operations globally. (more…)

Deals, Fintech news, India, InspirAsia, news

March 26, 2015

616

Alt Credit Score Startup, Aire, Raises $1.1 Million

FINOVATE: London-based Aire.io, the startup that is democratizing credit scores for people with thin or no credit files announced a $1.1 million round of funding today. (more…)

Deals, Fintech news, news

March 25, 2015

1654

ShopKeep Buys Payment Revolution, Adds Payment Processing To Its Point Of Sale Solution

TECHCRUNCH: ShopKeep (cash-register & mPOS) bought payment processor company Payment Revolution and is going to add payment processing to its current POS offer

(more…)

Deals, Fintech news, Mobile payments/banking, Mobile-first banks, POS/mPOS and online acquiring

March 25, 2015

630

Roman Abramovich Leads Investment in Israel’s iAngels

GLOBES: iAngels has developed a model for investment of small amounts in start-ups, based on experienced investors. Russian billionaire and Chelsea FC owner Roman Abramovich continues to invest in Israeli start-ups: through Millhouse Capital, his investment company, he has led a $2.25 million investment in iAngels, a company started by entrepreneurs Mor Assia and Shelly Hod-Moyal. They founded iAngels in early 2014, and developed a model for investment of small amounts in startups, based on experienced investors. The company raised several hundred thousand dollars in the past, with the new investment making a total of $2.6 million raised by the company to date.

(more…)

Crowdfunding/investing, Deals, Fintech news, news

March 24, 2015

509

Lendio Raises $20 Million in New Funding to Help Finance Small Businesses

FINOVATE: Runa Capital has announced its participation in a $20.5M funding round of the American SME-lending platform Lednio. The round included participation by some large VCs, namely, Napier Park Financial Partners and Blumberg Capital. Lendio plans to use the capital to develop its SME-lending product, marketing and to expand its partnership program. According to the company’s representatives, it’s the third venture round for Lendio. The company has raised a total of $31M since 2011. Runa Capital joined the pool of its investors in 2013.

(more…)

Deals, Fintech news, news, p2p/online lending

March 24, 2015

2227

Skrill Bought by Rival Payments Provider Neteller for €1.1 Billion

FOREXMAGNATES:  Optimal Payments Plc (LSE: OPAY), the group behind the popular NETELLER payment solution, has just revealed it would buy rival Skrill Group (Sentinel Topco Ltd) for a sum of about 1.1 billion euros in order to expand its online services.  Skrill is one of the largest online pre-paid cards providers in Europe with its paysafecard brand. Its shareholders include CVC Capital’s Sentinel Group Holdings SA, Investcorp Technology Partners and others. Back in August 2013, CVC acquired a controlling stake in Skrill for €600m from Bahrain-based Investcorp.

(more…)

Deals, eWallets, Fintech news, Hotnews

March 24, 2015

1580

Fundbox Raises $40 Million To Pay Invoices On Demand

TECHCRUNCHFundbox, a company that loans businesses money for outstanding invoice payments, has raised $40 million to grow its own business in the trillion-dollar alternative lending market. The Series B round was led by General Catalyst with participation from NyCa Investment Partners and help from existing backers Khosla Ventures, Shlomo Kramer and Blumberg Capital. (more…)

Deals, Fintech news, news, POS/mPOS and online acquiring

March 19, 2015

533

Ticketing Platform Peatix Bags US$5M In Series B Funding

E27.CO: Global online ticketing platform Peatix has raised US$5 million in Series B funding led by DG Incubation, the investment subsidiary of Digital Garage. SPH Media Fund, the corporate venture fund of Singapore Press Holdings and Japanese media company Sunny Side Up also invested in this round. Existing investors from the Series A round Fidelity Growth Partners Japan and Draper Nexus also participated in the round. (more…)

Deals, Fintech news, InspirAsia, Japan, news

March 17, 2015

492

Indian Business Baron Ratan Tata Invests In Paytm

E27.CO: Chairman Emeritus of Tata Sons Ratan Tata has made an undisclosed amount of investment in mobile payments and commerce company Paytm. With this investment, Tata will pick up a small stake in One97 Communications, the company that owns and operates Paytm. He will also take on the role of an advisor at the company.

(more…)

Deals, Fintech news, India, InspirAsia, news, p2p-payments

March 13, 2015

470

Balanced To Close Its Payment Platform, Strikes Transition Deal With Rival Stripe

TECHCRUNCH: The march of consolidation in the world of e-commerce has claimed its latest victim.Balanced, a payments platform for peer-to-peer marketplace businesses, is closing its doors after failing to grow fast enough, or as co-founder Matin Tamizi describes it, “reach the escape velocity necessary to be a large, innovative, independent player in the payments space.” The company, a Y-Combinator alum, has struck a deal with one of its longtime rivals,Stripe, to act as its transition partner for existing customers.

(more…)

Deals, Fintech news, Mobile payments/banking

March 13, 2015

1670

Amazon Has Quietly Acquired 2lemetry To Build Out Its Internet Of Things Strategy

TECHCRUNCHAmazon is taking another step into the Internet of Things. TechCrunch has learned, and confirmed, that the e-commerce and cloud services giant has acquired 2lemetry, a startup based out of Denver that has developed an enterprise-focused platform to track and manage IP-enabled machines and other connected devices. (more…)

Deals, Fintech news, POS/mPOS and online acquiring

March 12, 2015

425

Snapchat Is Raising Money From Alibaba at a $15 Billion Valuation

BLOOMBERG: Alibaba Group Holding Ltd. plans to invest in Snapchat Inc., the mobile application for sending disappearing photos, at a valuation of $15 billion, people familiar with the situation said. China’s biggest e-commerce company intends to invest $200 million, said the people, who asked not to be identified because the discussions are private.

(more…)

China, Deals

March 12, 2015