Zoom posted $330 million in revenue in the year ending January 31, 2019, a remarkable 2x increase year-over-yearView More Zoom, a profitable unicorn, files to go public
Pan-African e-commerce company Jumia filed for an IPO on the New York Stock Exchange today per SEC documents and confirmation from CEO Sacha Poignonnec to TechCrunch. The valuation, share price, and timeline for public stock sales will be determined over the coming weeks for the Nigeria headquartered company. With a smooth filing process, Jumia will […]View More African e-commerce startup Jumia files for IPO on NYSE
Motif, the startup using machine learning to develop investment strategies for consumers and institutional investors, and Goldman Sachs, one of the world’s leading investment banks, have launched new technology-driven indices to power a series of co-branded exchange traded funds. “All these [current] indices are built with humans doing research to go in and figure out […]View More Motif and Goldman Sachs launch new, co-branded indexes for better performing ETFs
One of Israel’s single largest venture capital funds is a new later stage vehicle focused on healthcare. The aMoon investment firm launched its second vehicle in April 2018 and it just announced its final close with $660 million in assets under management — making it one of the largest (if not the largest) firm in […]View More A healthcare investment fund has become one of Israel’s largest with a $660 million close
The visual search engine has confidentially submitted paperwork to the Securities and Exchange Commission for an initial public offering slated for later this year, WSJ reports.View More Pinterest files confidentially to go public
Apple is jumping into the credit card business with Goldman Sachs.
Using Apple Wallet, cardholders will be able to set spending goals, track rewards on purchases, and manage their account balances. Customers will also reportedly earn 2 percent cash back on most of their purchases with potentially higher bonuses on Apple’s products and services.
Apple employees will be the first to test out the card when its issued in a few weeks, according to the report. The joint credit card with Goldman Sachs will use Mastercard’s payment network. Read more…View More Apple is teaming up with Goldman Sachs to launch a credit card later this year
According to a new report from the WSJ, Apple and Goldman Sachs are partnering on a different kind of products for both companies — a credit card. The Mastercard-based card would be focused on Apple Pay and feature some deep integrations in iOS. This card could launch later this year in the U.S., which would coincide […]View More Apple could be working with Goldman Sachs on a credit card
Atrium, the legal startup co-founded by Justin Kan of Twitch fame, is jumping into the blockchain space today. The company has raised plenty of money — including $65 million from a16z last September — so rather than an ICO or token sale, this is a consultancy business. Atrium uses machine learning to digitize legal documents and develop applications […]View More Atrium, Justin Kan’s legal tech startup, launches a fintech and blockchain division
New technology companies are poised to transform the shipping and freight industry across Latin America. Startups like Liftit, a Colombian provider of trucking services, and Nowports, a Mexican freight shipping startup, are angling to be the next Convoy and Flexport — at a time when shipping and logistics business in Latin America is booming thanks […]View More Investors are pouring money into Latin America’s logistics and shipping businesses
This week in startups: Celebrities mingle with VCs at the Upfront Summit, Pinterest preps banks for IPO and Sam Altman has a grand new idea.View More Startups Weekly: Even Gwyneth Paltrow had a hard time raising VC
Pinterest, the 11-year-old, San Francisco-based site known for the photos its users post about everything from wedding to beauty to art world trends, has hired Goldman Sachs and JPMorgan Chase as lead underwriters for an IPO that it’s planning to stage later this year. Reuters first reported the news. TechCrunch sources have since confirmed the […]View More Pinterest puts an IPO on its pinboard, hiring Goldman Sachs and JPMorgan to lead an offering this year
Fintech in Southeast Asia continues to pique the attention of global investors. Alibaba, Tencent and others have jumped into the region and deployed hundreds of millions of dollars, and now Warburg Pincus is joining them. The U.S-headquartered PE firm has led a Series C investment in Vietnam’s Momo, which claims to be the company’s largest mobile […]View More Momo, Vietnam’s top payment app, lands big Series C investment led by Warburg Pincus