article thumbnail

Chinese Social Media Startup Seeks Funds At $6B Valuation

PYMNTS

Chinese eCommerce and social media startup Xiaohongshu , also known as “Little Red Book,” wants to raise funds at a $6 billion valuation, according to Bloomberg. It’s teamed up with a financial plan adviser to identify possible investors. RED closed a $300 million series D round in 2018 and had a valuation of $3 billion.

article thumbnail

FinTech Stripe Eyes Funding Round That Could Put Valuation At $100B

PYMNTS

According to people familiar with the discussions, the new valuation could hit as much as $70 billion or maybe as much as $100 billion, Bloomberg said. If it got as high as $100 billion, it would make Stripe one of the most valuable venture-backed startups in the country, Bloomberg reported.

Valuation 117
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

On-Demand Fitness Startup Peloton Pursues $8.2B Valuation 

PYMNTS

Fitness startup Peloton is hoping for an $8.2 billion valuation as it goes public, The Financial Times reported on Wednesday (Sept. billion valuation. billion valuation. The startup sells screen-equipped fitness bikes and treadmills ranging from $2,200 to $4,000 alongside its $40 per month on-demand workouts.

article thumbnail

Affirm Aims At Over $10 Billion Valuation In New IPO Filing

PYMNTS

The Silicon Valley startup is planning to offer 24.6 At $44 per share price, Affirm would have a valuation in excess of $10 billion, Reuters reported. The startup had originally said it would go public before the end of 2020 but postponed plans. billion, according to a Monday (Jan.

article thumbnail

VC Firm Greycroft Raises $680M In Search Of Next Venmo, Subscription Startups

PYMNTS

Venture capital firm Greycroft , based in New York and Los Angeles, has raised $680 million to fund new startups, according to Bloomberg , looking for "the next Bumble or Venmo.". The firm plans to invest $310 million in early-stage startups and $370 million in growth-stage startups, the report stated.

Startups 117
article thumbnail

Mambu’s Valuation Hits $2 Billion After TCV-Led Investment Round 

PYMNTS

Cloud banking startup Mambu has raised €110 million (nearly $135 million) in a new funding round aimed at financing the company’s global expansion. The deal raises the valuation of Mambu and its software banking platform to more than €1.7 TCV's investments include Netflix, RELEX, Spotify and WorldRemit. .

Valuation 102
article thumbnail

Second Share Purchase Deal Values POS Startup Toast At $8B

PYMNTS

Record sales following a massive staff reduction prompted point-of-sale (POS) restaurant technology (ResTech) startup Toast to hold a share purchase offering on an $8 billion valuation. The secondary offering gives Boston-headquartered Toast a valuation of about $8 billion, up from a $4.9 billion valuation. .