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Chime Commands $1.5B Valuation After Capital Raise

PYMNTS

According to a report in CNBC , the San Francisco startup said the Series D round of venture funding was led by DST Global , as well as new investors Coatue, General Atlantic, ICONIQ Capital and Dragoneer Investment Group. Chime launched in 2013, offering debit cards, savings accounts and checking accounts to consumers without any fees.

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Chinese Investors’ $1.4B For Indian Startups Prompts Questions

PYMNTS

In 2013, China invested in only three Indian startups, said data provider Tracxn. . It’s a very well-capitalized economy.” . Chinese funds are playing a positive role by helping Indian startups to raise more capital,” said Amit Bhandari, a fellow at think tank Gateway House. He warned, however, that “China is the rival.?…?[It’s]

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Citi Venture Investing Head: ‘Financial Services is Becoming More Like Tech’

Bank Innovation

This is up from 35% in 2017, and way up from 18% in 2013, according to Financial Technology Partners’ 2018 Annual Fintech Almanac. Strategic participation in fintech climbed in 2018, with 41% of all fintech financings containing either a corporate VC or strategic investor.

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Banking's Total Return Top 5: 2013 Edition

Jeff For Banks

capital appreciation and dividends. Texas Capital Bancshares, Inc. Nasdaq: MRLN) Continuing the theme of niche banks, Marlin is a direct lender providing financing to business so they can acquire new equipment and technology while preserving capital. Not so over the three years I have been keeping track.

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2019: Big Payment, Commerce And Tech IPOs Loom On The Horizon

PYMNTS

years in 2013, according to a recent estimate. A robust supply of private capital reportedly is one of the main reasons for that, along with corporate cultures that are averse to public markets. Here are the five potential IPOs related to payments, commerce and digital technology that could happen within the next 12 months.

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Sudan Banks And Visa Partner To Bring Payment Systems To Country

PYMNTS

The Bank of Khartoum, Qatar National Bank and United Capital Bank (Bank Almal) have all gotten approval to start using the systems, and they’ll get started in about three weeks, according to the head of electronic banking services (EBS) at Sudan’s central bank, Omar Amrabi. Another six banks are waiting for approval.

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RVshare Nets $100M In Funding, Seeks To Rev Up RV Rentals

PYMNTS

The company said the new funding will “provide capital, as well as access to KKR’s operational resources and global network.” Jon and team have proven they can deliver explosive growth with impressive capital efficiency.”. RVshare’s goal is to rapidly build up the RV rental industry, noted a press release.

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