B2B payments and financing platform Tribal lands $60m Series B to support LatAm expansion
Tribal says the Latin American region represents a $175 billion market opportunity.
SoftBank
Wealth infrastructure API platform Atomic raises $25m Series A funding
The San Francisco-based company will add scale and headcount with funding round.
Video: fintech news pick of the week – Paytm, M1 Finance and US open banking reform
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
M1 Finance secures $150m in SoftBank-led funding round
The firm claims the investment now takes its total valuation to $1.45 billion.
Revolut hits $33bn valuation with $800m Series E investment
The round was led by SoftBank’s Vision Fund 2 and Tiger Global.
Clearco raises $215m in Series C round led by SoftBank’s Vision Fund 2
Firm wants to boost its “founder-friendly” financing suite.
Video: fintech news pick of the week – Revolut, Deutsche Bank and Pleo
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Revolut COO leaves ahead of rumoured SoftBank-backed raise
Steve Harman leaves after ten months at the firm.
Atom Finance raises $28m Series B round led by SoftBank
The firm plans to use the funding to fuel global subscriber growth.
Mexican fintech Clip raises $250m in SoftBank-led investment
The investment is the largest ever for a payments company in Mexico.
Klarna raises $639m in SoftBank-led funding round
The BNPL firm claims it is now valued at $45.6 billion.
SoftBank pours $250 million into banking tech start-up Zeta
This Series C investment values the banking tech vendor Zeta at $1.45 billion.
SoftBank in talks to turn Indian payments firm Zeta into a unicorn
If finalised, the investment would come through SoftBank Vision Fund 2.
SoftBank aims to raise $525m with Spac IPO
Goldman Sachs Group and Citigroup are managing the deal.
SoftBank-backed Policybazaar aims for 2021 IPO at $3.5bn valuation
Policybazaar expects to return to profitability by the end of this year.
SoftBank splashes $130m in Indian insurtech PolicyBazaar
SoftBank now holds more than a 15% stake.
SoftBank unveils $100m fund for founders of colour
SoftBank’s COO says the fund will help create “a new generation of founders”.
SoftBank’s Mayoshi Son compares himself to Jesus Christ on investor call
Son noted that Jesus was also misunderstood and criticised.
Jack Ma resigns from SoftBank Group’s board of directors
SoftBank reported an annual operating loss of JPY 1.36 trillion ($13bn).
SoftBank warns of $9.6bn investment losses due to coronavirus
In addition to WeWork, it also blamed the losses outside of the Vision Fund on OneWeb.
SoftBank attacks Moody’s after debt downgrade
Moody’s cited SoftBank’s “aggressive financial policy” as it cut its rating from Ba1 to Ba3.
SoftBank to sell $41bn in assets to firm up financials amid virus outbreak
The company’s share price shot up 18.6% in Japan today.
SoftBank to invest $100m in UK-based AI start-up Behavox
Behavox’s investment would be the fifth Vision Fund capital injection for a UK firm.
SoftBank to invest further $1bn in LatAm fintech, ecommerce and health care in 2020
LatAm has seen 17 companies and two VCs secure funding from the Japanese conglomerate.
UK challenger Monzo in talks with SoftBank for £100m fundraising
Monzo’s co-founder met up with the Japanese investor in Mayfair this month.
Tokopedia lines up $1.5bn funding from Alibaba and Softbank
The $1.5bn funding would value Tokopedia at between $8bn and $9bn.
Argentine money manager Ualá raises $150m in round led by SoftBank and Tencent
Bloomberg says Ualá is close to a $1 billion valuation.
SoftBank confirms Yahoo Japan and Line Corp merger to create tech giant
The merger is in a bid to better position the companies against competitors.
Banco Inter plans super app to boost borrowing
SoftBank bought a 14.9% stake in Banco Inter earlier this year.
SoftBank injects $655m into Greensill to support tech acquisition
The supply chain finance firm has raised $1.7bn in just 14 months.
India’s fintech Paytm in talks with T Rowe Price for $1 billion funding round
Existing investors SoftBank and Ant Financial are also expected to participate.
Brazilian fintech Nubank’s user base soars to 15 million
The fintech has reached decacorn status with a $10 billion valuation.
SoftBank supports start-ups under the radar
The Japanese technology giant invested $5 billion into Latin American “unicorns”.
Google Gets into Digital Payments Fray in India
Google is expected to launch a mobile payments app in India next week. Google Tez, which means “fast” in Hindi will reportedly support Android Pay as well as the government-backed Unified Payments Interface and other consumer payment services including Paytm and MobiKwik.
India Payments Roundup: Paytm, Amazon and Flipkart
The battle for e-commerce and payments domination is on in India. Paytm, an e-payment/e-commerce brand and payments bank, is bringing the QR code scanning habit to the Indian masses, while rival Flipkart has raised $2.5 billion from Japan’s SoftBank and Amazon has launched its digital wallet.
SoftBank Invests $100 Million in Cybersecurity Firm Cybereason
Cybereason, a Boston-based cybersecurity startup, continues to rake in the cash, with the latest capital infusion coming from SoftBank Corp. The Japanese telecom and Internet service provider has invested $100 million in Cybereason, according to a June 21 announcement.
