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SPAC, Online Homeseller Opendoor Ready IPO In $4.8B Deal

PYMNTS

Real estate platform Opendoor is set to go public via a merger with blank-check company Social Capital Hedosophia II in a deal that will value the combined company at $4.8 Social Capital Hedosophia II will infuse Opendoor with a $1 billion cash injection. SPACs like Palihapitiya's Social Capital have become popular in recent years.

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PayPal Issues Additional $300 Million In The UK Working Capital

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PayPal has released new data regarding the volume of financing placed with small business borrowers via the PayPal Working Capital solution. Reports in IBS Intelligence on Wednesday (May 9) said PayPal Working Capital has provided U.K. We launched PayPal Working Capital in the U.K. in 2014 to help fill this funding gap.

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Venture Capitalists Wary Of Online Lenders

PYMNTS

With an early string of alternative lenders having a tough go of it, startups looking to raise money are having to show how they will avoid the woes of the online lenders before them. While the stocks increased on good earnings in August, CNBC noted the shares are only valued at a fraction of what they were when they went public in 2014.

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SoftBank Reportedly Tapping Into Online Used Car Trend

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Among the ongoing trends in retail is the funding for online used car platforms, and the ongoing rise of eCommerce and digital payments in Latin America. Consumers who want to sell their cars via that platform reportedly seek an online price estimate. “If The latest evidence of that comes via Japan-based SoftBank. Used Vehicle Trends.

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PayPal Working Capital Cites Growth In U.K. Volume

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unit is offering an update on the progress made by PayPal Working Capital. The company revealed Monday (June 19) that it has facilitated more than $500 million (£400 million) in working capital to U.K. small businesses via its financing solution, which launched in 2014. PayPal U.K. Managing Director Mark Brant in a statement. “In

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Grocery Startup Missfresh To Close On $500M In Expansion Financing

PYMNTS

Previously, Missfresh has raised $900 million thanks to investors like Jeneration Capital and Genesis Capital. Founded in 2014, Missfresh has more than 1,500 warehouses that serve nearly 25 million customers. The demand for online groceries has become a factor in the U.S.

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FinTech N26 Mulls New Funding Round

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N26 already has raised nearly $800 million in venture capital, Bloomberg reported, including a $100 million round in May 2020. FinTech companies are expected to benefit over the long term from customers’ shift to online banking due to COVID-19. Venture capital investment in Europe’s FinTech industry has surpassed $35.4

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