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Ridesharing Startup Grab Aiming To Raise More Than $1B From Funding Round

PYMNTS

may raise more than $1 billion investment from strategic investors in a venture capital funding round including Alibaba and SoftBank. billion in venture capital in Grab through his eCommerce company or Ant Financial, the financial arm of the company. The company already has R&D centers in Seattle, Beijing, Jakarta and Singapore.

Capital 109
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What’s Next For Real Estate In Amazon’s HQ2 Cities?

PYMNTS

The Seattle-based eCommerce operator and cloud computing provider decided to build in both Crystal City, an urban area in North Virginia near Washington, D.C., Meanwhile, in at least one city that Amazon turned down (Chicago), creative marketing types exacted a bit of benign revenge on the company via its own technology. Citi Reaction.

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Tech Center: Startup Genome’s 2017 Global Startup Ecosystem Report

PYMNTS

This report purports that technology is the game changer when it comes to bridging the gap between the startup-heavy places, like Silicon Valley and Boston, and the rest of the world. The technology industry currently sits at 4.5 percent, this means the technology industry is growing twice as fast as the worldwide economy.

Report 108
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The Week In Payments: Facebook Expands, Travel Rebounds And The Workplace Resets

PYMNTS

billion deal on Tuesday (April 21) for a minority stake in Indian telecom startup Reliance Jio , giving the social media giant a larger foothold in the region. It is also the largest investment for a minority stake by a tech company anywhere in the world, and the largest foreign direct investment (FDI) in the technology sector in India.

Payments 130
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

This growth has created major opportunities in the payments space, and companies like Stripe — the payments unicorn valued at a masive $35B — are hungry to capitalize on them. ‘PayFac’ technology simplifies underwriting and onboarding. ‘PayFac’ technology simplifies underwriting and onboarding merchants.

Online 98
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The Top 20 Venture Capitalists

CB Insights

For the third consecutive year, we worked with The New York Times to identify and rank the top 100 venture capital professionals from around the globe. We used CB Insights data gathered via our machine learning technology (dubbed The Cruncher ) and from thousands of submissions we received from VC partners and firms via The Editor.

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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

It is a notable pivot from Amazon’s IP strategy, where the playbook has been to build, patent, and keep proprietary technology in-house to fuel Amazon’s marketplace. FIS is also one of the biggest providers of core banking processing and has integrations with Q2 technologies. That scale would make Amazon Go a $4.5B

Cards 101