Barely nine months old, Bangalore fintech firm CRED has just won a $120 million Series B funding round that launches it to the forefront of India’s booming digital credit industry—and its founder…
Facebook’s Libra Cryptocurrency is Already Under Attack on Multiple Fronts
It has barely been two months since Mark Zuckerberg announced Facebook’s long awaited foray into the cryptocurrency market with Libra—but the platform already faces a raft of attacks from regulators and competitors.…
Virgin Galactic to go Public With SPAC
Virgin Galactic, Richard Branson’s space tourism company, is to go public by merging with the special purpose acquisitions company (SPAC) Social Capital Hedosophia. Virgin Galactic will raise around $800 million from the…
London Fintech Firm Yoyo Wins $30m Funding Round
Yoyo, a British mobile payments and loyalty platform, has won $30 million from fintech investor Hard Yaka. The London-based startup, founded in 2013 by Michael Rolphe, David Nicholson and Alain Falys, will…
Fintech Firm Kooltra Raises $6.5m for Cloud FX Expansion
Canadian fintech company Kooltra has closed a $6.5 million Series A funding round, as it bids to expand its cloud-based foreign exchange (FX) solution for financial institutions. The Toronto-based firm, founded by…
Alphabet Posts Strong Quarterly Profits on Advertising Boost
Google’s parent company Alphabet has reported a huge profit increase in its latest quarterly earnings report, as it continues to corner the digital advertising market. The Mountain View-headquartered firm, which appears to…
Lenovo Could be Dropped from Hong Kong Index, as Huge Slide Continues
Chinese computing firm Lenovo could lose its spot on Hong Kong’s equity index, as it sheds value more than any other technology company. The Beijing- and Morrisville, North Carolina-headquartered manufacturer, has lost…
US Tech Stocks Tumble – And Look Set to Continue Doing So
American Big Tech shares took one of their biggest hits of the year this week, as crises on multiple fronts threaten to topple the dominance of the sector’s big leaders. It leaves…
Revolut: Speed, Efficiency and Scale for a Fintech Heavyweight
London-based fintech firm Revolut has emerged as a heavyweight of the European scene. The company, which pledges to offer pre-paid card customers real-time exchange rates and low-cost money transfers, closed a $5.3…
Kreditech Learns to Innovate Like a Startup, and Work Like a Bank
Kreditech’s high-flung office offers a spectacular, 360-degree view of its hometown of Hamburg. That is, when it is sunny. When Red Herring visited the fintech firm’s HQ earlier this year, the German…