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Southeast Asia’s Internet Economy To Hit $240B By 2025

PYMNTS

Thanks to affordable mobile internet, the internet economy in Southeast Asia is expected to surpass $240 billion in 2025, according to a new study conducted by Google and Temasek Holdings of Singapore. The report predicted the market would swell to more than $100 billion by 2025 as consumer trust in online shopping grows.

Study 153
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eWallet Startup MoMo Lands $100 Million From Warburg Pincus, Other Investors

PYMNTS

The eWallet firm, Vietnam’s largest, has pulled in $100 million from a group of six investors co-led by Warburg Pincus and Goodwater Capital, Reuters reported on Wednesday (Jan. We hope to go public in the 2021-2025 period, possibly in 2025.

Capital 154
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Report: Instacart Is Mulling IPO

PYMNTS

8) that it had received $200 million in new capital from existing investors Valiant Peregrine Fund and D1 Capital Partners, boosting Instacart's valuation to $17.7 Instacart said it has already surpassed its 2025 milestones and is tracking to exceed $35 billion in grocery sales in 2020, PYMNTS reported.

Report 268
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New Indonesia Credit Card Designed To Help Unbanked

PYMNTS

The travel and lifestyle platform has received investments from the likes of JD.com, Sequoia Capital and Hillhouse Capital, according to Deal Street Asia. percent) of online purchases. Both online and offline transactions will be supported under Visa ’s global network, and may also be managed through Traveloka’s mobile app.

Cards 158
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Fashion Retailer rue21 Strikes Deal To Retire Debt

PYMNTS

The retailer modified its asset-based credit facility to bolster availability to $155 million due 2025 headed up by Bank of America, N.A. rue21 says the new capital framework will let it speed up strategic expansion efforts, such as omnichannel improvements, to allow for more engaging client experiences. million members.

Retail 141
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Instacart Value Skyrockets To $17.7B With $200M Funding Round

PYMNTS

The new round of funding came from existing investors Valiant Peregrine Fund and D1 Capital Partners. Instacart’s valuation has more than doubled since the COVID-19 pandemic caused more people to shop online and from home. Instacart has gone from a convenience to a lifeline for millions of people,” the company said. and Canada.

Retail 131
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Bed Bath & Beyond Bolsters Liquidity With $850M Credit Facility

PYMNTS

It has put most of its store workers and a share of its corporate staffers on leave, has halted plans for share repurchases and has tightly managed expenses, capital expenditures and working capital, among other steps. billion in senior secured notes, set to come due in 2025, to help pay back borrowings under its current $1.5

Retail 141