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China's Central Bank Tells Ant Group To Concentrate On Payments Business

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The Chinese central bank's statement came after it had met with representatives of Ant and regulatory officials from the country's securities, banking and foreign exchange sectors, presented as a Q&A with PBOC vice governor Pan Gongsheng. There weren't many more specifics than that.

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Shanghai Stock Exchange Holds Up Ant Group IPO Following Regulators' Questioning

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The latest developments have to first be disclosed to investors, the exchange said. By avoiding the title of financial institution, Ant gets a tech company’s valuation and attracts more investors. 2) to answer questions behind closed doors. Also summoned were Ant Group Chairman Eric Jing and Chief Executive Simon Hu.

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London’s Finablr Finds $1B In Debt Charged To Company

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London-based Finablr , which owns two foreign exchange businesses, found that the overall debt of the company was $1.3 Travelex has also faced its own issues, announcing last week on April 22 that it was seeking a buyer as a strategic idea to meet valuation for shareholders. million to the hackers.

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Small Business InsurTech Finds The Next Unicorn

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After one of the busiest weeks of the year for B2B startup venture capital funding, this week revealed a bit of a lull in the market. It was an SMB InsurTech startup, however, that led this week’s roundup, and brought the market its newest unicorn. The company also plans to invest in marketing, its team and technology upgrades.

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B2B FinTechs Diversify Funding Strategies With M&A, IPOs

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Talk of a decelerating FinTech venture capital market continued to mount this week with reports that digital banking startup Aspiration is struggling to raise money. Funding Xchange secured $10.3 Also in the U.K., million as it prepares to launch its lending-in-a-box offering, according to Asset Finance International.

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Robotics Process Automation Rakes In The VC Cash

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The star of this week’s roundup is undoubtedly data: Two Robotics Process Automation (RPA) companies focusing on enterprise data analytics and automation landed a combined $565 million, while other high-value rounds were closed in the workspace sharing and asset-based lending markets. Automation Anywhere.

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US B2B Startups Fail To Land On The Board

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foreign exchange payments company FairFX scored nearly $7.5 China’s Alibaba may dominate several verticals, like consumer eCommerce, but one local startup secured new financing to take that leader on in the world of the enterprise. Ninjacart first entered the market last year as a hyperlocal grocery delivery service.

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