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The deal was led by underwriters GMP Securities L.P. and Mackie Research Capital Corporation.
Grab, the Uber rival in Southeast Asia, is now officially also a digital payments company(TECHCRUNCH)
Southeast Asian ride-hailing company Grab said users can now pay for goods and services in shops and restaurants using GrabPay, the company’s mobile wallet.
The Series E round is led by asset management firm Old Mutual Global Investors and Silicon Valley VC firm IVP.
Retail has changed. Subscribe to BetaKit’s The Retail Times newsletter to stay up to date on the intersection of tech and commerce.
Remitly allows people in the US, UK, and Canada send money electronically to friends and family in developing countries.
Credit Suisse’s ex-digital chief Marco Abele launches ICO for blockchain-based investment platform Tend (CITYAM)
TEND, a blockchain-powered platform for life-enriching investments, will enable a new paradigm of shared ownership of unique assets with both meaning and financial value.
Finn.ai raises $3 million following ABT (BETAKIT)
Finn.ai, an AI-powered assistant used for banking and personal finance, raised the funds from Yaletown Partners, Seattle-based Flying Fish Partners, and John Livingston, former CEO and Chairman of Absolute Software (ABT).
Wells Fargo’s AI-based budgeting and savings app operates across two distinct accounts: one for weekly spending tied to a dedicated debit card, and one account reserved for savings and bills.
Amazon registered three domains related to cryptocurrency, sparking speculation that the ecommerce giant could be preparing to move into the cryptocurrency space.
Financeit is currently hiring in several areas, including Sales, Tech, Marketing, Operations, Finance, and Risk.