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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. Ant's much-anticipated double IPO was nixed earlier this year by the government.

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London FinTech Revolut Looking To Buy Rivals Hit By COVID-19

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London-based FinTech Revolut is planning to tap the $500 million it got from investors to acquire competing technology firms suffering from the impact of the global coronavirus pandemic. Although the startup lost revenue due to decreased card usage worldwide amid COVID-19, it’s still in a solid position. .

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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. Fleet management startup Avrios , based in Germany, raised $14.2

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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. Indeed, WeWork’s recent troubles have shaken confidence in the tech startup funding environment. Venture Capital Funding. Cardlay, based in the U.K.,

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Robotics Process Automation Rakes In The VC Cash

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In a week of multiple nine-figure venture capital funding rounds, B2B FinTech has proved it plans to end the year on a high note. This week, RPA startup Automation Anywhere made waves with its $300 million investment from the SoftBank Vision Fund, reports said Thursday (Nov. The investment now values Automation Anywhere at $2.6

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B2B eCommerce Tips The VC Scales

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More than $874 million in fresh funding landed at B2B startups this week across a range of market segments and geographies. based alternative small business lending isn’t dead with investors and an India startup landed more than half a billion dollars. FinBox plans to use the investment on product research and development.

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The Brexit Already Takes Its Toll

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Companies like BMW acknowledged that they will likely face renegotiations for contracts across EU borders and elsewhere, and are now focusing on ensuring that the government and the Bank of England work out a favorable game plan for U.K. But currency valuations are fluctuating all across the globe, with India, Japan, the U.S.