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B2B Venture Capital: Corporate Social Media, Marijuana Procurement, and Big Data

PYMNTS

This week, the two countries were the only markets that landed on the B2B venture capital board, with funding landing at SaaS, Big Data and procurement startups across a range of industries, from corporate social media management to marijuana procurement. PYMNTS breaks down the $24 million in venture capital raised.

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Mercado Libre To Offer Working Capital Loans

PYMNTS

Mercado Libre Inc, the Argentina online marketplace, is gearing up to offer working-capital loans to entrepreneurs in Brazil and Mexico during 2017, reported Reuters. He wouldn’t say how much interest the company would charge on the working-capital loans. . With the new feature, sellers that use Mercado Libre Inc.

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Top 4 Fintech Funding Rounds: MissFresh e-commerce, Collibra, Dwolla, Habito

Bank Innovation

Fintech got a fresh flush of capital this week, with some old favorites joining newer names all with innovations in big data, e-commerce software, compliance, and many more. Here are the Top 4 fintech funding rounds of the week: MissFresh e-commerce Beijing-based MissFresh e-commerce ‘s equity rose sharply with its Read More.

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B2B FinTech Investors Planning Ahead

PYMNTS

Don’t let the seemingly low value of $42 million raised this week by B2B venture capital firms fool you: VC activity in the space was strong, hitting key verticals like cross-border payments and SaaS. Find out who’s planning ahead in our breakdown of B2B venture capital from the week below. SME Lending. Honorable Mentions.

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Hong Kong Alt-Lender Oriente Raises $50M

PYMNTS

The funding will also go toward technological advancements, more improvements on its product suite and better big-data capabilities. Hong Kong-based FinTech Oriente has raised $50 million in its ongoing Series B round, according to finews.asia.

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Top 4 Fintech Raises: Treasure Data, Quantopian, Freespee, Active.ai

Bank Innovation

Quite a few fintech ventures received funding this week; though perhaps surprisingly blockchain is not an area featured on this list—perhaps with all of the recent blockchain proof-of-concepts that are running, investors and angels thought it was time to take a stronger look at artificial intelligence, big data, and other Read More.

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Tencent Plans $70B Spend For AI, Cybersecurity, IoT Tech

PYMNTS

The Chinese tech giant wants to capitalize on an initiative from Beijing, which announced it wanted to bolster the country’s technology infrastructure in the next few years. China Renaissance analyst Alex Liu said the pandemic “expedited the digitalization of people’s way of life,” according to Reuters.