Articles with tag like: Softbank

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SoftBank files for a USD 525 mln SPAC IPO

News | Payments General | 24 Dec 2020

An affiliate of SoftBank Group and its Vision Fund has filed to raise USD 525 million in a blank-check company offering.

Softbank, funding, Vision Fund, SPAC, investors, SVF Investment, NASDAQ, stocks

Rappi gets USD 300 mln investment in new funding round

News | Ecommerce | 29 Sep 2020

Colombia-based on-demand delivery company Rappi has raised over USD 300 million in a new funding round from investors including asset management firm T. Rowe Price.

Colombia, LATAM, Rappi, investment, funding round, T. Rowe Price, Softbank, DST Global, Andreesen Horowitz, Delivery Hero, Sequoia Capital, Y Combinator

American Express in talks to acquire Kabbage

News | Payments General | 14 Aug 2020

American Express has announced it is in discussions to acquire Kabbage, an online small-business lender that went up for sale earlier in August 2020.

American Express, Kabbage, SMBs, lender, online, loans, Celtic Bank, COVID-19, coronavirus, pandemic, US, fintech, Small Business Administration, Paycheck Protection Program, Softbank, Reverence Capital Partners, payments

Investor exists Credit Suisse Funds

News | E-invoicing, SCF & E-procurement | 22 Jul 2020

SoftBank has pulled a more than USD 500 million investment from Credit Suisse’s supply chain finance funds. 

Softbank, Credit Suisse, supply chain finance, SCF, loans, Greensill, Vision Fund, payments, invoice

Amazon, SoftBank discuss acquisition of Russian online retailer Ozon

News | Ecommerce | 29 Jun 2020

Amazon and Japan-based SoftBank have made approaches to Russia-based conglomerate Sistema about a possible acquisition of its online retailer Ozon.

Amazon, Ozon, Sberbank, Softbank, retailer, merchant, Russia, online shopping, acquisition, Europe, Russian Federation

After EUR 1.9 bln implosion, Wirecard's former CEO is arrested for financial fraud

News | Payments General | 24 Jun 2020

Markus Braun, the former chief executive of the Munich-based fintech company Wirecard, has been arrested by the German police for fraud.

Wirecard, financial fraud, auditors, KPMG, E&Y, Germany, Jan Marsalek, Financial Times, Markus Braun, Softbank

SoftBank launches minorities startup fund

News | E-invoicing, SCF & E-procurement | 04 Jun 2020

Japan-based SoftBank has launched a USD 100 million fund that will invest in companies led by ‘people of colour’.

George Floyd, Softbank, startup, Japan, Opportunity Growth Fund, Twitter, Masayoshi Son, Vision Fund, Bank of America

SoftBank to sell USD 20 bln T-Mobile shares

News | Payments General | 19 May 2020

Japan-based SoftBank has been in talks to sell about USD 20 billion of its shares in T-Mobile US. 

Softbank, T-Mobile, Japan, US, Deutsche Telekom, banks

Paypay app gets deffered payments upgrade

News | Mobile Payments | 15 Apr 2020

SoftBank’s PayPay app has launched an overdraft facility for in-store payments to selected cash-reliant Japan-based users to adopt mobile payment systems. 

Softbank, PayPay, Japan, e-wallet, mobile payment system, online payment, Paytm

Grocery deliveries see a boost across Latin America because of coronavirus outbreak

News | Ecommerce | 18 Mar 2020

The number of grocery deliveries by web-based apps across Latin American countries have been rising amid coronavirus outbreak.

Rappi, Brazil, Columbia, iFood, grocery apps, coronavirus, Softbank, Uber Eats, food delivery

VTEX secures USD 140 mln investment led by SoftBank

News | Ecommerce | 26 Nov 2019

VTEX Cloud Commerce Platform has closed a USD 140 million investment round from SoftBank's LATAM fund in conjunction with Gávea Investimentos and Constellation Asset Management.

VTEX, ecommerce, investment round, Softbank, LATAM, ecommerce platform

Softbank injects further USD 655 mln into Greensill Capital

News | E-invoicing, SCF & E-procurement | 31 Oct 2019

Softbank’s Vision Fund has invested an additional USD 655 mln in Greensill Capital as the supply chain finance provider has acquired tech firm FreeUp.

Softbank, Vision Fund, Greensill, FreeUp, supply chain finance, UK, United Kingdom, funding, international expansion, Procure-to-Pay

US fintech Kabbage launches new payment service for SMEs

News | Online Payments | 28 Oct 2019

Kabbage, a US-based fintech backed by Softbank, has launched a payments service that is said to cut the time it takes SMEs to get paid from 90 days to 24h.

Kabbage, Softbank, fintech, financial technology, product launch, payments app, payments system, B2B payments, US, United States, SMEs, invoice, payment order, monthly fee, Kabbage payments

SoftBank, IBM to develop cross-carrier blockchain payments

News | Cryptocurrencies | 24 Oct 2019

SoftBank has teamed up with IBM to develop cross-carrier blockchain solutions.

Softbank, IBM, cross border payments, blockchain, smartphone, Asia

SoftBank takes over 80 percent of WeWork

News | Payments General | 23 Oct 2019

WeWork and SoftBank have announced a deal that will see the Japan-based tech company buy out around 80% of the beleaguered real estate company.

Softbank, WeWork, funding, partnership, real-estate, IPO, investment, banking, banking group, Japan, Asia, APAC

Softbank Vision Fund leads USD 200 mln funding round for C2FO

News | E-invoicing, SCF & E-procurement | 08 Aug 2019

SoftBank Vision Fund has expanded its financial-technology portfolio, leading a USD 200 million funding round for supply-chain platform C2FO.

Softbank, Vision Fund, funding, C2FO

Cybereason raises USD 200 mln from Japans SoftBank

News | Digital Identity, Security & Online Fraud | 07 Aug 2019

US-based online security startup Cybereason has unveiled that it raised USD 200 million in fresh funds from Japan’s SoftBank Group and its affiliates.

security, startup, US, Cybereason, Japan, Softbank, hackers, funding round, acquisitions, fraud prevention, endpoint protection, malware attacks, malicious activities, corporate security, breaches

Wirecard starts partnership with AUTO1 Group

News | Online Payments | 18 Jul 2019

Wirecard has entered into a strategic partnership with AUTO1 Group, the agreement being fostered through SoftBank’s existing partnership with Wirecard and AUTO1 Group.

Wirecard, partnership, AUTO1 Group, agreement, Softbank, digital financial services, online payments

SoftBank rolls out USD 800 million investment in SCF company Greensill

News | E-invoicing, SCF & E-procurement | 02 Jul 2019

SoftBank Vision Fund has invested USD 800 mln in UK-based working capital finance company Greensill in a deal that values the company at USD 3.5 bln.

Softbank, SoftBank Vision Fund, Greensill, supply chain finance, investment, UK, Europe, Allen & Overy, Morgan Stanley

Mexican mobile payment company Clip raises USD 100 mln

News | Payments General | 14 May 2019

Mexico-based mobile payment company Clip has reportedly raised USD 100 million from several venture capital funds including investment group Softbank.

Mexico, mobile payment, Clip, Softbank