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Why Venture Capital Is Accelerating In Asia — Why It’s Different From The Valley

PYMNTS

Despite the pandemic, venture capital dollars are flowing freely to nascent firms in Asia that are tackling the need for contactless interactions and platforms that match supply and demand — setting the stage for innovation on the other side of the public health crisis. Many of them are government, corporate or university led, Dixon said.

Capital 298
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Bankruptcy Wave Hits Whole Foods Competitors

PYMNTS

Three regional players in the organic food retail business — where Whole Foods and parent Amazon rule — have declared bankruptcy over the past month. food retailer to have filed for Chapter 11 bankruptcy so far this year — and, like predecessors Fairway and Lucky’s Market, it did so after trying to find a buyer. The number of U.S.

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Visa Taps Chris Newkirk To Serve As Chief Strategy Officer

PYMNTS

To lead strategic planning for the firm overall and in conjunction with its regional teams, Chris Newkirk is coming to Visa Inc. Newkirk has held multiple leadership roles at Capital One since 2008, most recently as president of Small Business, International & Walmart Partnership. as its new chief strategy officer. and New York.

Strategy 131
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EU Countries Push For Tech Funding To Compete With US And China

PYMNTS

To make sure they can compete with the United States and China, France and Germany want an EU-wide initiative that will fund innovation and research in tech startup projects across the region. According to Reuters , Europe has lagged behind the United States in developing new technologies. billion euros ($1.75

US 108
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Off The Continent And Into Puerto Rico For Online SMB Lending

PYMNTS

For small businesses, expansion is key, and expansion needs capital. The company has said that it is the first bank in Puerto Rico to offer digital services, ranging from business credit cards to working capital loans to SBA loans.

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Latin America Tech Booms As Brazil Dominates And Regional Investors Grow

CB Insights

Investors from around the globe are flocking to Latin America — within the first half of 2018, deep-pocketed investors like Andreessen Horowitz, Sequoia Capital, and DST Global have backed startups in the region. Since 2012, investments into the region have nearly tripled. GIC, Tiger Global Management, ICONIQ Capital.

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Getaround Car Sharing Platform Raises $200M At $1.7B Valuation

PYMNTS

“As a matter of policy, we do not provide comment on funding speculation until we have news to announce,” said Allison Van Houten, Getaround vice president of marketing, according to Yahoo Finance. In April, Getaround announced its acquisition of Drivy , a Paris-headquartered car sharing startup that operates in 170 European cities.