ANEXT Bank secures USD 148 million from Ant Group
The Paypers
MARCH 26, 2024
Singapore-based digital bank ANEXT Bank has secured USD 148 million in added capital from Ant Group , its parent company, as per regulatory filings tracking.
This site uses cookies to improve your experience. By viewing our content, you are accepting the use of cookies. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country we will assume you are from the United States. View our privacy policy and terms of use.
The Paypers
MARCH 26, 2024
Singapore-based digital bank ANEXT Bank has secured USD 148 million in added capital from Ant Group , its parent company, as per regulatory filings tracking.
PYMNTS
JANUARY 15, 2021
15) announced that it is assessing a $390 million penalty against Capital One for engaging in what it says are “both willful and negligent violations” of the Bank Secrecy Act (BSA). According to a statement from FinCEN , Capital One admitted to failing to implement and maintain an effective anti-money laundering (AML) program.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Abrigo
OCTOBER 22, 2024
These professionals rarely get the spotlight, but they are the first line of defense against threats like identity theft, drug traffickers, and terrorist groups. It’s about supporting the people who safeguard banks and credit unions from the growing threats of financial crime and who keep capital flowing to small businesses and families.
PYMNTS
SEPTEMBER 28, 2020
Ant Bank, the virtual banking division of Hangzhou, China-based Ant Group , has launched banking services in Hong Kong, Fintech News reported. The launch comes a few weeks after Ant Group filed its initial public offering (IPO), which could be the biggest listing in the country’s history. China International Capital Corp.
PYMNTS
OCTOBER 22, 2020
Ant Group has won the nod from China's top security regulators for its Shanghai offering, the last hurdle to clear for the $35 billion dual listing, Reuters reports. Ant, the FinTech backed by China's Alibaba Group, plans to list simultaneously in Hong Kong and Shanghai in the next few weeks, according to sources quoted by Reuters.
PYMNTS
JANUARY 12, 2021
Porter Capital , which works with accounts receivable (AR) financing and asset-based lending solutions, will provide more funding for businesses in need of extra money from their current Paycheck Protection Program (PPP) funds, according to a press release.
PYMNTS
JUNE 4, 2019
Sales enablement platform Highspot announced it has secured $60 million in Series D funding. ICONIQ Capital led the round, with participation from new investor Sapphire Ventures and all existing investors including Madrona Venture Group, OpenView, Salesforce Ventures and Shasta Ventures.
PYMNTS
AUGUST 4, 2020
Japanese eCommerce and payments platform hey announced a Series E investment led by Bain Capital , a press release says. The round was also supported by PayPal Ventures , Goldman Sachs, YJ Capital, Anatole, and existing investor World Innovation Group, according to the release.
PYMNTS
JULY 31, 2020
In a venture capital slowdown, any investment round is a win. This week’s look at the latest funding for B2B FinTech and other startups showcases an investor appetite for security, data and business intelligence, with nearly $63.5 million in fresh investment for the industry. PYMNTS rounds up the latest deals below.
PYMNTS
MAY 11, 2020
Mumbai-based Tata Capital , a division of Tata Group, is rolling out a mobile app to make it easier for its business loan customers to manage their accounts. Tata Capital is deeply invested in providing easy access of credit to merchants and dealers through its Channel Finance and Term Loan products.
PYMNTS
NOVEMBER 3, 2020
Jack Ma has seen his net worth plunge by $3 billion after the Ant Group double initial public offering (IPO) was suspended on Tuesday (Nov. Ant Group was looking to raise around $35 billion in proceeds from the offering. percent of Alibaba, which has a market capitalization of $775.5 Ma also owns 4.2
PYMNTS
MAY 8, 2020
There may be talk of a venture capital slowdown, but B2B FinTech saw a busy week, with more than $280 million raised. But the biggest round of the week went to a challenger bank, which also secured unicorn status with its latest funding. Hub Security. BRI Ventures also joined as a new investor, the company noted. Countingup.
PYMNTS
JUNE 8, 2017
Mobile money messaging app Plynk has secured €25 million in a new venture capital funding round — one of the largest Series A funding rounds in Irish history. According to RTE , the new venture capital round was led by private investment trust Swiss Privée Ltd. The company also plans to hire more employees. ” .
PYMNTS
SEPTEMBER 30, 2018
Ripple , the blockchain startup, is heading up a new cryptocurrency lobbying group called Securing America’s Internet of Value Coalition. Coindesk noted that most of the members of the new lobbying group have ties to Ripple. Coindesk pointed to Coil as one example. Its founder is the former chief technology officer at Ripple.
PYMNTS
JUNE 24, 2020
Zopa received those funds from a group linked to IAG Capital Partners, a U.S.-based Since COVID-19, non-bank lenders have been hurting as capital markets became less available and retail investors tried to withdraw their cash from the P2P sector, the Times reported. million) to become a challenger bank. based fund, and its U.K.
PYMNTS
JULY 31, 2019
Krebs On Security is reporting that the alleged Capital One hacker may have also targeted and stolen data from other corporations. The website named Paige Thompson , nicknamed Erratic, as the alleged hacker and detailed how she would go on messaging service Slack in a group with other supposed hackers.
PYMNTS
SEPTEMBER 8, 2017
This week Oxx, which tends to focus on B2B software startups, led the $12 million funding round for the company, which also saw participation from Industrifonden, SEB Venture Capital and KTH Chalmers Capital, according to reports. Apica said it will use the funds to expand across the U.S. The company raised $2.5 SMB Lending.
PYMNTS
JANUARY 7, 2021
China’s Ant Group is mulling the creation of a new consumer loan unit that would allow it to continue making loans throughout the country while complying with new Chinese banking regulations. Ant Group had planned to go public for $35 billion, which would have made it the largest IPO in market history. China TransInfo Technology Corp.
PYMNTS
MARCH 2, 2020
A particularly harrowing cloud services-based fraud incident occurred last year, when a disgruntled AWS employee gained access to more than 100 million Capital One customers’ details. The cloud security space needs to completely rethink its options if such strong systems can still be breached.
PYMNTS
MARCH 1, 2019
Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. Commerce Ventures, Flint Capital, Two Sigma Ventures, Synchrony and Sorenson Capital also participated, according to reports.
PYMNTS
OCTOBER 28, 2020
Jack Ma’s Ant Group broke records on Wednesday (Oct. Morgan Chase, Morgan Stanley and China International Capital Corp led the Hong Kong share sale. CICC and China Securities Co. 28), filing the biggest initial public offering (IPO) to date, with expectations of raising $34.4 Citigroup, J.P. are leading the Shanghai listing. .
PYMNTS
JUNE 4, 2019
Automotive cybersecurity company GuardKnox announced it has secured $21 million in a Series A round of funding, bringing its total raised to $24 million. In addition, a group participated as private investors, including Dr. Jürgen Hambrecht, Dr. Paul Achleitner, Robert Taub, Michael Diekmann, Prof.
PYMNTS
DECEMBER 14, 2020
has entered into a definitive deal to sell Cost Plus World Market to Kingswood Capital Management, while Authentic Brands is reportedly in discussions with Arcadia Group and Debenhams. has entered into a definitive arrangement to sell Cost Plus World Market to Kingswood Capital Management. Riley Securities Inc.
PYMNTS
FEBRUARY 28, 2020
But for all the pressure to push forward, there are plenty of stumbling blocks and stutter steps when it comes to providing for security, the availability of tech or access to capital. But the irresistible force of meeting expectations is rendering a whole lot of obstacles that are less immovable than they have appeared in the past.
PYMNTS
APRIL 18, 2019
Reports in Blockchain News this week said Panxora has introduced a treasury management service to help the company and project founders who turn to ICOs to secure the capital they have raised, and mitigate the risk of cryptocurrency volatility. ’ We think this is an important step forward in the maturation of the token industry.”
The Paypers
NOVEMBER 8, 2024
million in a Seed funding round, led by Fuel Ventures , with participation from Aperture Capital and a group of angel investors. Groov , an embedded lending platform, has raised GBP 1.5
PYMNTS
MARCH 20, 2019
Delivery and pickup company Postmates has added a free group delivery option, according to reports. . The service is called Postmates Party, and it lets customers have meals delivered as part of a group. Postmates said people can order from Shake Shack, The Halal Guys and Blaze Pizza, among others, and use the group option.
PYMNTS
OCTOBER 22, 2020
In today’s top payments news around the world, Swedish peer-to-peer (P2P) lending upstart Lendify has reportedly secured $115 million of funding, while international trade platform Contour has teamed with information technology (IT) solutions firm Mphasis. Ant Group Moves Ahead With $35B IPO After China's OK. Morgan Stanley and J.P.
PYMNTS
NOVEMBER 17, 2019
Sterling Bancorp announced that it has launched its new Innovation Finance Group , and has tapped veteran technology bankers John Hoesley and Josh Roberts to lead it. Before joining Sterling, Hoesley was at CIBC Bank USA with Josh Roberts, where the two established the Innovation Banking group in 2014.
PYMNTS
SEPTEMBER 17, 2020
16) filing with the federal Securities and Exchange Commission (SEC). Elsewhere in the filing, the sectors in which Virgin Group operates are listed as travel and leisure, financial services, health and wellness, technology and internet-enabled, music and entertainment, media and mobile, space, and renewable energy.
PYMNTS
OCTOBER 23, 2019
With a new capital infusion, SoftBank Group is extending a lifeline of up to $8 billion into the office space and workspace solutions firm WeWork. Masayoshi Son, chairman and chief executive of SoftBank Group Corp., billion, senior secured notes of $1.1 billion into the company, according to reports.
South State Correspondent
MAY 7, 2024
However, Republic Bank’s loan portfolio mix is not dissimilar to its peer group, and there was no credit stress in that loan portfolio. Almost half of its loan portfolio had over 5Y fixed rate repricing (almost double its peer group). Even more stark was the bank’s securities repricing.
Perficient
MARCH 22, 2023
Recent headlines have highlighted the failure of SVB Financial Group, the parent company of Silicon Valley Bank (“SVB”). Short Capital? SVB Financial had Tier 1 risk-based capital of 15.40% as of December 31, 2022, over 80% higher than the 8.50% regulatory required ratio. Total risk-based capital 16.18 Securities 4a.
BankUnderground
APRIL 28, 2023
This post investigates whether large and small banks in the UK and US differ in the cyclical patterns of capital positions and credit provision. The reforms aimed to ensure that banks have sufficient capital resources to absorb losses and reduce the cyclical effects of bank capital (and regulation) on the supply of bank credit in stress.
PYMNTS
OCTOBER 23, 2019
With a new capital infusion, SoftBank Group is extending a lifeline of up to $8 billion into the office space and workspace solutions firm WeWork. Masayoshi Son, chairman and chief executive of SoftBank Group Corp., billion, senior secured notes of $1.1 billion into the company, according to reports.
PYMNTS
NOVEMBER 30, 2020
Velo Labs has unveiled a joint effort with Visa and Lightnet Group to build out payment offerings together in Asia, according to an announcement. Velo Labs, Visa and Lightnet Group will work together on payment offerings targeted at serving the micro, small and medium enterprise (MSME) lending market in Asia, the announcement stated.
Independent Banker
AUGUST 31, 2022
A recent Mercator Advisory Group survey found that 69% of respondents have used PayPal in the past year, and a full 10% reported using Facebook Pay. Security is all. Safety and security repeatedly arise as key factors in customer decisioning. So how do social payments fit in community banks’ long-term future?
PYMNTS
FEBRUARY 26, 2020
Other CUs are placing an emphasis on attracting new members, particularly from Generation Z, a group rapidly entering the workforce. Credit unions, like any FI, are sitting on a trove of valuable personal information, such as credit card data and Social Security numbers, that hackers would do anything to get their hands on.
PYMNTS
FEBRUARY 16, 2018
A month after security researchers publicized security flaws in Intel ’s microchips, along with those of other manufacturers, the company is facing 32 lawsuits over the vulnerabilities. Forrest, whose firm owns shares in Intel, also predicts that Intel will increase its chip development spending to focus on security.
PYMNTS
OCTOBER 12, 2017
SecurityScorecard , the risk management firm whose platform helps provide security ratings, said Thursday that it raised $27.5 The latest round, the company said in a statement, was led by Nokia Growth Partners (NGP) with participation from Moody’s Corporation, AXA Strategic Ventures and Intel Capital. million in Series C funding.
PYMNTS
SEPTEMBER 17, 2019
Car leasing app Fair has secured a $500 million revolving credit facility led by Mizuho Bank. SoftBank Group Corp. Through Fair’s Uber program , drivers with a form of digital payment can access a Fair car by the week with no credit check and only a refundable security deposit.
PYMNTS
JANUARY 19, 2018
The hot topics in B2B venture capital these days are often cutting-edge technologies like blockchain and data analytics. Indeed, these spaces secured significant funding in this week’s B2B venture capital roundup. Check out the B2B payments, blockchain, logistics and data analytics firms that secured funding below.
PYMNTS
SEPTEMBER 18, 2020
Next Insurance , the online insurance provider for small businesses, is negotiating a deal to raise new capital in a round that would value the FinTech startup at $2.25 Last fall, it raised $250 million from Munich Re Group, the Munich, Germany-based reinsurer, which gave it a valuation of more than $1 billion.
CB Insights
NOVEMBER 5, 2020
Distributed ledger technology (DLT) — which uses tech like blockchain to verify transactions without the need for a centralized authority — is gaining traction as a way to revamp capital markets infrastructure by making it more streamlined, improving transparency, and reducing associated fees. Company Name. Phone number.
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content