1 billion

PhonePe Raises US$750M in Ongoing US$1B Fundraising Effort

Source Node: https://platodata.network/platowire/phonepe-raises-us750m-in-ongoing-us1b-fundraising-effort/
Time Stamp: April 12, 2023 9:40 PM - Modified On: April 12, 2023 - Published By:
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PhonePe, the digital payments platform owned by Walmart, has raised US$750 million in its ongoing fundraising effort to raise US$1 billion. The latest funding round was led by Walmart and included participation from several existing investors, including Tencent, Singapore's sovereign wealth fund GIC, and others.The funds raised will be used to expand PhonePe's operations and develop new products and services. The company plans to use the funds to expand its merchant network, invest in technology and infrastructure, and hire new talent.PhonePe has been growing rapidly in India's digital payments market,

Kaszek Secures Nearly $1 Billion in Fresh Capital to Support Latin American Startups

Source Node: https://platodata.network/platowire/kaszek-secures-nearly-1-billion-in-fresh-capital-to-support-latin-american-startups/
Time Stamp: April 3, 2023 4:39 PM - Modified On: April 3, 2023 - Published By:
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Kaszek Ventures, a leading venture capital firm focused on supporting Latin American startups, has recently secured nearly $1 billion in fresh capital to continue its mission of investing in innovative companies throughout the region. The funding round, which was led by new and existing investors, is one of the largest ever for a Latin American venture capital firm and highlights the growing interest in the region's startup ecosystem.Founded in 2011 by Nicolas Szekasy and Hernan Kazah, Kaszek Ventures has become one of the most active and successful venture capital firms

US Government to Sell $215M in Seized Silk Road Bitcoin and Consider Dumping Additional $1.1 Billion

Source Node: https://platodata.network/platowire/us-government-to-sell-215m-in-seized-silk-road-bitcoin-and-consider-dumping-additional-1-1-billion/
Time Stamp: March 31, 2023 2:31 PM - Modified On: March 31, 2023 - Published By:
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The United States government has announced its plans to sell $215 million worth of Bitcoin that was seized from the infamous dark web marketplace, Silk Road. The sale is expected to take place in the coming weeks, with the proceeds going towards funding various law enforcement initiatives.Silk Road was an online black market that operated from 2011 to 2013, selling illegal drugs, weapons, and other illicit goods. The site was shut down by the FBI in 2013, and its founder, Ross Ulbricht, was sentenced to life in prison without parole.The

Construction of Dream Las Vegas Halted Due to Insufficient Developer Funds

Source Node: https://zephyrnet.com/dream-las-vegas-construction-paused-after-developer-funds-dry-up/
Time Stamp: March 22, 2023 8:01 AM - Modified On: March 22, 2023 - Published By:
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The construction of the Dream Las Vegas, a $3.1 billion casino and resort project, has been halted due to insufficient developer funds. The project was expected to be a major addition to the Las Vegas Strip, but now faces an uncertain future.The Dream Las Vegas was being developed by a partnership between real estate firm Witkoff Group and New Valley LLC, a subsidiary of the publicly traded company Vector Group Ltd. The project was set to feature a 450-foot-tall tower with 1,500 hotel rooms, a casino, and a convention center.However,

Key Fintech Statistics to Watch Out for Between 2023 and 2025

Source Node: https://zephyrnet.com/some-exciting-fintech-stats-2023-2025/
Time Stamp: March 21, 2023 6:24 PM - Modified On: March 21, 2023 - Published By:
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The fintech industry has been growing at an unprecedented rate in recent years, and it shows no signs of slowing down anytime soon. With the advent of new technologies and the increasing demand for digital financial services, the fintech landscape is constantly evolving. As we look towards the future, there are several key fintech statistics to watch out for between 2023 and 2025.1. Global Fintech Market SizeAccording to a report by ResearchAndMarkets, the global fintech market size is expected to reach $305 billion by 2025, growing at a CAGR of

CCP Games Secures $40M Funding Round Led by A16z

Source Node: https://zephyrnet.com/a16z-leads-40m-round-for-ccp-games/
Time Stamp: March 21, 2023 11:18 AM - Modified On: March 21, 2023 - Published By:
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CCP Games, the Icelandic video game developer behind the massively popular EVE Online, has secured $40 million in a funding round led by Andreessen Horowitz (A16z). The funding will be used to support the development of new games and expand CCP's operations.EVE Online, which was first released in 2003, is a massively multiplayer online game (MMO) set in a science fiction universe. The game has a dedicated following, with players from around the world logging in to explore the vast virtual universe, engage in battles, and build alliances with other

PhonePe Receives US$200 Million Investment from Walmart

Source Node: https://zephyrnet.com/walmart-invests-us200-million-in-phonepe/
Time Stamp: March 19, 2023 9:54 PM - Modified On: March 19, 2023 - Published By:
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PhonePe, the digital payments platform owned by Flipkart, has received a massive investment of US$200 million from Walmart, the American retail giant. This investment is part of PhonePe's ongoing fundraising round, which aims to raise US$1 billion in total.The investment from Walmart is significant for PhonePe as it not only provides the company with a substantial amount of capital but also strengthens its ties with Walmart. Flipkart, the parent company of PhonePe, was acquired by Walmart in 2018 for US$16 billion, making it one of the largest e-commerce deals in

Walmart’s Investment of US$200 Million in PhonePe: A Significant Move in the Financial Market

Source Node: https://zephyrnet.com/walmart-invests-us200-million-in-phonepe/
Time Stamp: March 19, 2023 9:54 PM - Modified On: March 19, 2023 - Published By:
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Walmart's recent investment of US$200 million in PhonePe, a digital payments platform in India, has been a significant move in the financial market. This investment is part of PhonePe's ongoing fundraising round, which aims to raise up to US$1 billion. The investment by Walmart will help PhonePe expand its operations and strengthen its position in the Indian digital payments market.PhonePe was founded in 2015 and has quickly become one of the leading digital payments platforms in India. The platform allows users to make payments, transfer money, and pay bills using

FBI Reports Record $10.3 Billion in Losses to Online Scams in 2022

Source Node: https://zephyrnet.com/americans-lost-a-record-10-3-billion-to-online-scammers-in-2022-fbi-says/
Time Stamp: March 15, 2023 3:55 PM - Modified On: March 15, 2023 - Published By:
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The Federal Bureau of Investigation (FBI) recently released a report that revealed a record-breaking $10.3 billion in losses to online scams in 2022. This is the highest amount of losses ever reported in a single year. The report found that the majority of losses were due to business email compromise (BEC) scams, which involve impersonating a company executive and sending fraudulent emails to employees requesting wire transfers. BEC scams accounted for $3.1 billion in losses, up from $1.8 billion in 2021.Other common scams included romance scams, where scammers pretend to

SVB Offers Money Back to Startups and VCs: What’s Next?

Source Node: https://zephyrnet.com/startups-vcs-will-get-money-back-from-svb-now-what/
Time Stamp: March 13, 2023 1:37 AM - Modified On: March 13, 2023 - Published By:
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Startups and venture capitalists (VCs) have long been the lifeblood of the tech industry, providing the resources and capital needed to bring innovative products and services to market. But the pandemic has put a strain on these businesses, with many struggling to stay afloat. Fortunately, Silicon Valley Bank (SVB) is offering a lifeline to startups and VCs in the form of money back. SVB is offering up to $100 million in cash back to startups and VCs that have experienced financial hardship due to the pandemic. This money back program

How Will Startups and Venture Capitalists Benefit from SVB’s Return of Funds?

Source Node: https://zephyrnet.com/startups-vcs-will-get-money-back-from-svb-now-what/
Time Stamp: March 13, 2023 1:37 AM - Modified On: March 13, 2023 - Published By:
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Startups and venture capitalists have been facing a difficult time due to the economic downturn caused by the COVID-19 pandemic. Many businesses have been forced to close their doors, while venture capitalists have had to make tough decisions about which startups to invest in. However, Silicon Valley Bank (SVB) has recently announced that it will be returning funds to its venture capital clients, which could provide a much-needed boost to the startup and venture capital ecosystem. SVB's return of funds is part of a larger effort to support the startup

Copperstring 2 Project to Invest Coal Money in 6-Gigawatt Renewable Energy Initiative

Source Node: https://zephyrnet.com/copperstring-2-coal-money-to-buy-6-gigawatt-renewable-project/
Time Stamp: March 12, 2023 4:57 AM - Modified On: March 12, 2023 - Published By:
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The Copperstring 2 Project is an ambitious renewable energy initiative that seeks to invest coal money in a 6-gigawatt renewable energy project. The project is being spearheaded by a consortium of private companies, including the Queensland Government, and is expected to create thousands of jobs and inject billions of dollars into the economy.The project will be the largest renewable energy project in Australia and will involve the construction of a 6-gigawatt transmission line from Townsville to Mount Isa. This will enable the transmission of renewable energy from the north to