French startup Younited Credit is building the biggest crowdlending platform in continental Europe. The company just raised $47.8 million (€40 million) to launch in new countries, work on new product features and more.
Younited Credit is currently live in France, Spain and Italy as a consumer-facing product. Consumers can borrow anything between $1,200 and $48,000 (€1,000 and €40,000)… Read More
from TechCrunch
Roll up, roll up… there’s another e-commerce mega deal in Southeast Asia courtesy of a Chinese investor. Following on from Alibaba’s $1 billion deal with Lazada and a $1.1 billion round in Tokopedia led by Alibaba, rival Chinese e-commerce firm JD.com has announced a $500 million investment that will create e-commerce and fintech businesses in Thailand. Southeast Asia, a… Read More
from TechCrunch
Apple and Google are ready for an augmented reality tidal wave, but what of developers? Over the past several months, the availability of ARKit and ARCore have proven there’s plenty of interest in the technology on the developer side, andsome big brands from Ikea to Disney have been publicly exploring the ways in which the technology can enhance existing applications. But developers… Read More
from TechCrunch
Intel’s putting its investment fund where its mouth is when it comes to artificial intelligence: The chipmaker announced today that it has funneled over $1 billion into AI startups via its Intel Capital center arm. That includes participating in rounds in companies including Mighty AI, Data Robot, Lumiata, AEye and many more. Intel’s investment focus has spanned a range of… Read More
from TechCrunch
Roku, the digital streaming business, is looking to raise about $204 million when it goes public later this month. According to a SEC filing revealed Monday, the company plans to price its shares between $12 to $14. This is more than double the $100 million that forecast in the IPO filing earlier this month. That’s because that number is a placeholder and often changes. If it goes public… Read More
from TechCrunch
As computer vision and object recognition technology continue to mature, we’re edging closer to automating away the exceedingly boring task of monitoring closed circuit TV cameras. Matroid is one of the startups leading the democratization of this variety of machine intelligence. The company is announcing a $10 million Series A this morning from NEA and Intel Capital that brings… Read More
from TechCrunch
SoftBank Group has agreed to be a cornerstone investor in the initial public offering of ZhongAn, China’s first online-only insurance agency, on the Hong Kong Stock Exchange today. SoftBank Group will buy a 5 percent stake in the company, or about 72 million shares, at the offer price, which is in the range of HKD $53.70 to HKD $59.70 per share. If calculated based on the… Read More
from TechCrunch
To wrap up our series of looks into the IPOs of tech’s Big 5, we turn to Apple. Being the first of five to go public, what can we learn from Cupertino’s debut? Heading back in time as we are, we lack readily accessible S-1 documents that the younger entrants to the group have posted. So what was Apple’s story as it raced to the public markets? Read More
from TechCrunch
Remember Angry Birds? Well, apparently enough people are still playing it to justify an IPO.
Rovio Entertainment, the Finnish parent of the popular smartphone game, is getting ready to go public on the Helsinki Nasdaq in two weeks. And it’s set the price range for an IPO that would value the company at about $1 billion, a lot less than the over $2 billion they were said to be hoping… Read More
from TechCrunch
Spotify has long been linked with going public in the U.S. — it is speculated to be preparing for an IPO-less listing next year — but it has emerged that the company rebuffed the opportunity to sell to a major tech name earlier this year: Tencent, the Chinese internet giant valued at $38 billion. Tencent is said to have approached Spotify with a view to acquiring the company to… Read More
from TechCrunch