Fintech

5 stories in the last two weeks

Ryan Vlastelica / Bloomberg ·

Filing: Brookfield-backed data center company Csquare seeks to raise up to $1.35B in an IPO, selling 50M shares at $23 to $27 each for an up to $4.18B valuation

Csquare Inc., a data center company backed by Brookfield Corp., is seeking to raise as much as $1.35 billion in a US initial public offering.

Kyle Baird / The Block ·

Visa, Mastercard, Stripe, BlackRock, Coinbase, and 140+ companies join Open Standard to launch Open USD, a stablecoin that shares earnings from its reserves

Quick Take

Bloomberg ·

Nebex, a fintech startup aiming to act as a broker platform connecting US space tech suppliers, foreign governments, and investors, raised a $30M seed led by GV

Alphabet Inc.'s GV venture arm led a funding round to provide $30 million in seed money to a fledgling space fintech company founded …

Bloomberg ·

Chinese robotics startup AI² Robotics raised ~$736M at a ~$2.9B valuation; Alibaba-backed X Square Robot raised an undisclosed amount at a ~$2.9B valuation

Two Chinese robotics startups have been valued at more than $2.9 billion in recent funding rounds, demonstrating steady interest …

Kurt Wagner / Bloomberg ·

Meta invests $900M into Indian fintech Cred for a ~20% stake, and plans to appoint Cred founder Kunal Shah as the leader of WhatsApp, replacing Will Cathcart

Meta Platforms Inc. is investing $900 million into Indian fintech startup Cred, with plans to appoint its founder, Kunal Shah, the new leader of WhatsApp.

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