As most companies were trying to figure out how to handle the economic downturn Airwallex was able to raise $160mn;...
Brex announced partnership with Airwallex to enhance the company's global expansion. The collaboration will bring Brex's solutions worldwide.
With its third fund, the Argentine VC firm seeks to invest in companies with a sustainable, social and governmental approach.
The company, valued at $10.2 billion, will support developers who seek to build on the chain.
Alchemy Pay estableció una alianza con GrePay para conectar a los proveedores de servicios criptográficos con mercados clave en Latam.
A disruptive company with a charismatic leader threw a lot of wealth into uncertainty — and vividly demonstrates the end of the crypto party.
Alex Tapscott has raised $20 million for NextBlock Global, an investment firm investing in projects selling cryptographic tokens; he now has plans to list the company on the Toronto Stock Exchange; Tapscott is also the co-author of "Blockchain Revolution," which he wrote with his father, Don Tapscott, last year; with the IPO listing of NextBlock Global he hopes to further accelerate adoption of ICOs and blockchain. Source
Koubei was founded in 2015 with investment from Alibaba and Ant Financial; the firm offers online e-commerce services for merchants and is part of a diversified group of Alibaba affiliates; in January the firm reported new capital of $1.1 billion from external investors; investors now supporting the firm include Silver Lake, CDH Investments, Yunfeng Capital and Primavera Capital. Source
Fintech is expected to generate $65 billion in sales by 2020 and Alibaba and Tencent are projected to capture half of the market; this would significantly increase valuations for both large e-commerce firms; online payments growth is also projected to be significant, supporting further value increases for both firms. Source
Tencent and Alibaba have built firms that enable them to write significant checks and have crowded out private equity and venture capital firms; SoftBank is the only other regional player on a similar level; they are not always driven by returns like traditional investors and this allows them to define success differently; some private equity firms are beginning to wonder if they are beginning to abuse their power; if a company receives investment from one of these giants they are also not held to the same pressures of a traditional investor like going public; these giants are helping to push innovation across the region and globe, but many are starting to ask at what cost. Source.