Finance | FI SENSE

myfisenseOctober 15, 2021

Chinese early-stage cancer screening solution specialist Creative Biosciences (Guangzhou) Co., Ltd has raised 560 million yuan ($87 million) in its Series D round led by Alibaba. The new round attracted a line-up of new investors including China Renaissance’s sub-fund Huaxing Growth Capital, Costone Capital, Agriculture Bank of China’s ABC International, Shanghai-based Henglu Asset, besides existing […]

myfisenseOctober 14, 2021

SoftBank Group Corp’s venture capital fund has invested $400 million in Vuori Inc, the California-based maker of leggings and sports bras said on Wednesday, valuing it at $4 billion. Vuori, founded in 2015, plans to expand its Western European and Asian markets next year and open more than 100 U.S. stores in the next five […]

myfisenseOctober 14, 2021

Private equity giant Carlyle Group and ARA Dunedin, a unit of Singapore’s ARA Asset Management, announced that their joint venture has acquired 11 logistics assets in the UK for £102 million (about $139 million). The JV, established in March 2021, purchased the portfolio of logistics assets from Moorfield Real Estate Fund IV, the fourth real […]

myfisenseOctober 14, 2021

The Managing Director, First Bank of Nigeria Limited, Dr. Adesola Adeduntan, has reiterated the commitment of the bank to continue supporting start-ups and innovators in the Fintech space by providing relevant data and infrastructure to enable them to scale appropriately. Adeduntan made the disclosure at a virtual meeting on the bank’s FinTech Summit 5.0 event […]

myfisenseOctober 14, 2021

Carbon, a digital bank active in Nigeria, Kenya, and Ghana has announced the rollout of its buy now, pay later product dubbed ‘Carbon Zero’ to eligible customers on its mobile application. Carbon Zero, it said in a statement, gives Carbon cardholders the option to split purchases into four installments, to be paid back over time […]

myfisenseOctober 14, 2021

Russian President Vladimir Putin signaled tolerance of cryptocurrencies, which are drawing increasing scrutiny from regulators around the world amid fears they can be used for money laundering and criminal activity. Cryptocurrency “has the right to exist and can be used as a means of payment,” Putin said in an interview with CNBC that was posted on the […]

myfisenseOctober 13, 2021

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Binance will stop the use of the Chinese yuan on its peer-to-peer trading platform, the latest move by major global cryptocurrency exchanges to cut their ties with mainland Chinese investors following an intense crackdown on the sector. Binance, one of the world’s largest exchange by trading volumes, said in a Wednesday statement it will remove […]

myfisenseOctober 13, 2021

Jamie Dimon, JPMorgan Chase & Co chief executive, said on Monday at a conference that cryptocurrencies will be regulated by governments and that he personally thinks bitcoin is “worthless.” “No matter what anyone thinks about it, the government is going to regulate it. They are going to regulate it for (anti-money laundering) purposes, for (Bank […]

myfisenseOctober 13, 2021

BPEA Real Estate, part of alternative investment giant Baring Private Equity Asia, has announced raising more than $1.2 billion in total equity commitment for its Chinese logistics platform, Forest Logistics. BPEA Real Estate Fund II, which closed in 2018 with $1 billion in capital commitments, contributed part of the capital for Forest Logistics, according to […]

myfisenseOctober 13, 2021

Standard Chartered Bank has made an undisclosed strategic investment in Singapore’s fintech firm Atome Financial as part of a 10-year partnership aimed at delivering financial services to consumers and merchants across Asia. This is one of StanChart’s largest strategic investments in a fintech firm to date, the UK-headquartered bank said in a statement. Atome Financial […]

Category: Finance

Alibaba leads $87m funding in biotech firm Creative Biosciences

SoftBank invests $400m in US-based activewear maker Vuori

Carlyle-ARA JV acquires UK logistics portfolio for $139m

FirstBank Supports Start-ups, Tech Innovators

Carbon Introduces New Online Service into Banking App

Vladimir Putin Says He Accepts Crypto’s Role in Making Payments

Binance to halt use of Chinese yuan on its platform amid Beijing’s crypto crackdown

JPMorgan’s Dimon says bitcoin is ‘worthless’, due for regulation

BPEA Real Estate raises $1.2b for China-based logistics platform

Standard Chartered invests in buy now, pay later firm Atome Financial

Microsoft to shut down LinkedIn in China, cites “challenging” operating environment

Alibaba leads $87m funding in biotech firm Creative Biosciences

McDonald’s will serve Beyond Meat McPlant burgers in select US locations next month

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