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South Korea's Digital Kakao Bank Prepares For IPO

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a South Korean digital bank, has chosen Credit Suisse and KB Investment & Securities as its advisors for its upcoming initial public offering (IPO), Reuters reported. Kakao Bank is one of only two digital banks in the country and became profitable in 2019, according to Reuters, after less than two years of operation. billion).

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New(ish) Ideas Edition: Google, JPMorgan Chase And Samsung

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The second week of October also saw JPMC betting big on the blockchain, Google getting into hardware in a big way and Samsung having yet another explosive week — but not the good kind. A separate app for the network created by venture capital firm DAO was hacked, leading to the theft of $55 million worth of digital currency.

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Investors Pick AI, Treasury As Top Funding Targets This Week

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In a bit of a mixed bag for B2B FinTech venture capital (VC), investment backers stayed fairly quiet this week, racking up nearly $90 million in funding. Check out all the B2B FinTech companies that secured fresh investments below. Advance Global Capital provided $1.1 SMB Banking. Countingup. Treasury Management. Invoice Bazaar.

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China’s YH Lands $182 Million For Supply Chain Management

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Chinese supply chain management startup YH has just secured an impressive Series A funding round. 22) said the company raised $182 million from private equity firms Yonghua Capital and Co-Energy Finance. Stone Capital, Tangrong Capital and Shenzhen Grandland Group also participated. Reports on Friday (Sept.

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B2B Investors Go Big For Autonomous Fleet

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India neobank Yelo did not reveal how much it raised in new funding this week, though reports in The Hindu Business Line said the mobile-first FinTech secured seed investment from Matrix Partners India, Omidyar Network India and Flourish, while existing backer Better Capital also participated.

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Korea’s Top Crypto Exchange Joins Blockchain Procurement Project

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South Korea’s Korea Credit Data, a FinTech startup that operates in the small- and medium-sized business accounting software market, said it is exploring an entrance into the world of blockchain. According to the publication, an estimated 70,000 customers use Korea Credit Data solutions’ CashNote mobile accounting software.

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TSYS Tokenizes Corporate Cards For Mobile Payments

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Card processor TSYS is looking to heighten the security of mobile corporate payments. To do so, TSYS is linking its Enterprise Tokenization solution to commercial card issuers that support mobile payments made via Apple Pay, Android Pay or Samsung Pay. To do this across all of our U.S.

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