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Pandemic Aside, SoftBank-Backed Travel Platform Klook Raises $200 Million

PYMNTS

Hong Kong’s travel and leisure booking platform Klook has closed a $200 million Series E funding round led by Aspex Management , with participation by Sequoia Capital China , SoftBank Vision Fund, Matrix Partners China and Boyu Capital , according to a press release.

Capital 241
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Trend Lab Nabs $12.7M To Boost Corporate FinServ With AI

PYMNTS

Trend Lab, a startup developing artificial intelligence (AI) solutions for the FinTech market, has revealed it secured new funding. Trend Lab was established in less than three months by its Founder and CEO Tin Mok, reports said, who wants to enhance FinTech across Hong Kong and the Asia-Pacific region.

Trends 116
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Duffel Funding Round Adds Fuel To Travel Industry Innovation

PYMNTS

million in fresh funding, capital that will go toward “a B2B offering (that allows) individual travel agents at large online travel management companies and tour operators to offer a ‘seamless travel experience’ to their end customers, making the booking experience simpler, faster and cheaper.”. based startup called Duffel.

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Does Destination Maternity Chain Bankruptcy Signal Larger Trends?

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According to CNBC , the retailer is “buckling under the weight of an onerous debt load and struggling to compete with better capitalized competition.” Growing number of working pregnant women and increasing demand from developing regions are the basic factors that will boost the maternity apparel market,” that report said.

Trends 101
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The High Price Of Payments — And Innovation — In Travel

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Innovation Challenges. Payments innovation, for starters, is an alien concept for many travel service providers, especially in the U.S. and Europe, which are often left to take lessons from payment advances in the Asia-Pacific region. Innovation Willingness. Where is that spark for innovation coming from?

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Tech Center: EU’s Capital City Grows Tech Reputation

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Belgium’s capital city is becoming known for more than just housing major international institutions like EU Parliament, EU Commission and NATO. The region is also home to an active and fast-growing startup scene. The city was ranked as a strong innovator by the latest edition of the Regional Innovation Scoreboard (RIS 2016).

Capital 100
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Logistics Outshines Blockchain In B2B Venture Capital This Week

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The hot topics in B2B venture capital these days are often cutting-edge technologies like blockchain and data analytics. Indeed, these spaces secured significant funding in this week’s B2B venture capital roundup. But a lesser-discussed market grabbed the largest investment of the week: logistics. Blockchain. Data Nerds.

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