Peter Thiel among Kreditech Series C backers Peter Thiel
PayPal Co-Founder Peter Thiel is among the backers of German consumer fintech company Kreditech’s Series C round which was announced this week.
Mr. Thiel’s initial involvement was as a bridge funder earlier this year, where he was joined by Amadeus Capital Partners. Both saw their interest converted into Series C equity.
The Series C was lead by J.C. Flowers & Co. Existing shareholders Värde Partners, HPE Growth Capital and Blumberg Capital also participated in the round.
Kreditech is in advanced discussions for a final closing that could increase the Series C round to over EUR 100 million.
Матвиенко планирует в апреле посетить Казахстан
aif.ru - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aif.ru Daily Mail and Mail on Sunday newspapers.
Affirm Holdings Soared 98% in 1st Trading Day
The public finance company Affirm Holdings was welcomed generously by the market and its participants with a massive 98% increase to end its 1st trading day last January 13, 2021.
The company issued 24,600,000 shares of common stock at a price of $49 a share in its initial public offering. Affirm Holdings, Inc. (NASDAQ: AFRM) is coined to be the 1st major tech IPO of 2021. It opened at $100 per share and closed at $97.24 on its first day of being publicly traded. Affirm was founded in 2012 by Paypal Co-Founder, Max Levchin, and was able to raise around $1.5 billion dollars on the private market before going public. The company was reported to have raised $1.2 billion in its IPO, achieving a market cap of nearly $24 billion.
Stay gold, ‘Plaid for X’ startups
A failed acquisition usually triggers the same series of questions: What does this mean for early-stage startups in the sector? Will a chilling effect occur and hurt valuations? Will VCs stop funding this category? How will the exit environment look going forward?
This week gave that narrative a bullish twist. Visa and Plaid announced that they have reached a mutual agreement to no longer pursue a merger. The $5.3 billion deal had been under antitrust scrutiny from the DOJ, and eventually ended amid these regulatory challenges.
Fintech VCs and startups alike reacted to the fallen deal with aggressive optimism about Plaid’s future as an independently-owned fintech startup.
NanoVMs Launches Investment Round On StartEngine
NanoVMs, the unikernel infrastructurecompany that runs software faster andsafer than Linux has launched aninvesting campaign with StartEngine.The startup has already raised over .
Wallet Factory and Belize Bank to build a mobile payment platform and digital wallet in Belize
Wallet Factory and Belize Bank tobuild a mobile payment platform anddigital wallet in Belize March 29,2021 – Wallet Factory, an .
Provider of SaaS for Financial Institutions Fininbox Doubled Revenue in 2020
March 11th, 2021. According to AntonZujev, Head of Business Developmentand Sales at Fininbox, the doublingof revenue even during the pandemic .
BuildStream launches investment round on Republic
YC Funded BuildStream LaunchesInvestment Campaign for Supply ChainQuality Inspection Marketplace App,Raising $1M From Users and the Crowd.NEW YORK, Feb 21, 2021 .
vimarsana © 2020. All Rights Reserved.