Ryan Holsheimer Leaving JPMorgan and Hong Kong

Ryan Holsheimer, the head of cash equities and equity distribution in Asia pacific equities at America’s investment bank and financial service provider JPMorgan & Chase co. (JPM) will be leaving both the bank and Hong Kong to make a return to Australia. This was revealed by an internal memo circulated by the company which indicates […]

Fintech Startup Flutterwave Raises $250M From its Single-Biggest Financing Round

Africa based fintech startup providing payment services and payment infrastructure for global merchants Flutterwave announced having raised $250 million from its latest financing round which went down as the single-biggest funding round ever held by the company. This financing round left the company sitting on a market valuation of $3 billion. The company says it […]

Rene Haas Appointed the CEO of Chip Designer Arm

Chip and software design company Arm Ltd has appointed Rene Haas as its chief executive officer and a member of board with immediate effect starting from February 8. The company made this announcement on Feb 8. Arm is owned by Japanese SoftBank Group Corp. (TYO: 9984). Masayoshi Son, chairman and CEO of SoftBank acknowledges Rene […]

Information and Technology Firm Atos Says its Cybersecurity Unit is not Up For Sale

France based information technology service and consulting company Atos SE (EPA: ATO) says that its cybersecurity unit BDS division is not up for sale. This comes after rumors started making round suggesting defense company Thales is working on buying the cybersecurity unit. Thales is a French firm which designs and makes electric systems and provides […]

Insurance Firm Descartes Raises $120 Million From Latest Financing Round

France based catastrophe insurance company Descartes Underwriting which specializes in insurance policies to protect large businesses against natural disasters and catastrophes announced having raised $120 million. The company made the announcement on January 31 further adding that the funding came from investors. The company failed to state its market valuation following the recent funding round […]

Temasek Set to Acquire Element Material in a $7 Billion Deal

Singapore based state holding firm owned by the Government of Singapore Temasek Holding Ltd has reached an agreement to acquire  Element Materials Technology (LON: BPTB) in a deal worth $7 billion. Element Materials is a global provider of testing, inspection and certification services for materials and products. Insider sources have revealed that Temasek has seen […]

Digital Security Firm Elm Aiming to Raise $820 Million at its IPO

Saudi Arabia based digital security firm Elm says that it’s seeking to raise around $820 million (3 billion riyals) from its upcoming initial public offering (IPO). The company made this announcement on January 23 further adding that it has set an IPO price range for its share price. In the IPO, share of the company […]

Entree Capital Raises $300M for Early Stage Israeli Startups

Venture capital firm financing multi-stage startups and companies across the world Entree Capital announced having raised $300 million which it will be using for two new Israel-focused funds that aim to invest in early-stage Israeli startups. Following this funding round, the company now has $1 billion funds under its management. The company says it will […]

Mastercard and Other Four Prepaid Cards Fined $45 Million by UK Regulator

Financial services company Mastercard Inc. (MA) together with other four payments companies have been fined 33 million pounds ($45.01 million) by Britain’s payments regulator, Payment Services Regulator (PSR) for cartel behavior involving prepaid card which they issued to vulnerable individuals on welfare benefits. The other four companies include; Prepaid Financial Services, Advanced Payment Solution, Sulion […]

Google Buys Building Worth $1 Billion in Central London

Giant technology company and leading search engine Google has purchased a building worth $1 billion in central London where it has its offices but as a tenant. The company says this move shows its confidence in the future of the office as a place to work. Currently, Google has 6,400 employees in London, the company […]