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Funding Lands T&E Firm TripActions $4B Valuation

PYMNTS

Corporate travel and expense (T&E) management solutions provider TripActions led this week’s B2B venture capital roundup with its announcement of new funding that propelled its valuation to $4 billion. PYMNTS looks at other industry players around the globe that caught investors’ attention below. TripActions.

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Companies Shelve IPOs Rather Than Face Volatile Wall Street

PYMNTS

After all, the very metrics of gauging company potential, in terms of revenues and earnings, which in turn drive valuation, are suddenly hazy. They run the gamut of industries and verticals, indicating that the troubles and concerns are certainly not limited to any one class of companies or end market.

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Why Ant Financial Wants Big Data

PYMNTS

Chinese eCommerce giant Alibaba Group Holdings’ Ant Financial affiliate took a 20 percent stake in financial data provider Shanghai Suntime Information Technology, Reuters reported last week. The deal also comes after Ant Financial closed $4.5