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Momo, Vietnam’s top payment app, lands big Series C investment led by Warburg Pincus – TechCrunch

Momo, Vietnam’s top payment app, lands big Series C investment led by Warburg Pincus – TechCrunch Fintech in Southeast Asia continues to pique the attention of global investors. Alibaba, Tencent and others have jumped into the region and deployed hundreds of millions of dollars, and now Warburg Pincus is joining them. …

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Tencent-backed homework app jumps to $3B valuation after raising $300M – TechCrunch

Tencent-backed homework app jumps to $3B valuation after raising $300M – TechCrunch Academic exams are a big deal in China as they determine the kind of universities, high schools and elementary schools that students get into and to a degree, the future that awaits them. Parents are thus willing to …

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Pinterest may go public as soon as April – TechCrunch

Pinterest may go public as soon as April – TechCrunch Pinterest may follow Lyft and Uber to the public markets in the first half of 2019, according to a report from The Wall Street Journal. The visual search engine and shopping tool is expected to tap underwriters in January and …

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African fintech startup Jumo raises $12.5M more to fund Asia expansion – TechCrunch

African fintech startup Jumo raises $12.5M more to fund Asia expansion – TechCrunch Months after a big round, African fintech startup Jumo has pulled in a fresh $12.5 million to add more fuel for its expansion into Asia Pacific. The new investment comes from London-based investment fund Odey Asset Management, and …

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Morgan Stanley lands coveted Uber IPO role – TechCrunch

Morgan Stanley lands coveted Uber IPO role – TechCrunch Uber has reportedly picked Morgan Stanley to lead its upcoming initial public offering, news of which became public last week when the ride-hailing giant filed confidentially with the U.S. Securities and Exchange Commission for an IPO expected in the first quarter of 2019. …

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Fintech startup Plaid raises $250M at a $2.65B valuation – TechCrunch

Fintech startup Plaid raises $250M at a $2.65B valuation – TechCrunch In the five years since its product was showcased onstage at TechCrunch Disrupt New York’s hackathon, Plaid has emerged as one of the most critical contributors to financial technology’s evolution — and one of the most under the radar. …

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Uber files confidentially for IPO – TechCrunch

Uber files confidentially for IPO – TechCrunch Two days after Lyft submitted paperwork to the U.S. Securities and Exchange Commission for an early 2019 initial public offering, Uber has done the same, per The Wall Street Journal. The company filed confidentially for an IPO on Friday, marking the beginning a race …

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Still a year away from launch, Meg Whitman and Jeffrey Katzenberg’s Quibi keeps adding talent – TechCrunch

Still a year away from launch, Meg Whitman and Jeffrey Katzenberg’s Quibi keeps adding talent – TechCrunch Video won’t start rolling on Meg Whitman and Jeffrey Katzenberg’s new bite-sized streaming service with the billion dollar backing until the end of 2019, but talent keeps signing up to come along for …

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Goldman, Morgan Stanley Go Live With CLS’ IBM-Powered Blockchain

Goldman, Morgan Stanley Go Live With CLS’ IBM-Powered Blockchain CLS, the bank-owned currency trading utility, and IBM have gone live with their blockchain-based payment netting service after more than two years in development. Investment banking giants Goldman Sachs and Morgan Stanley are the first companies to use the newly launched …

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Growing pains at venture-backed Moogsoft lead to layoffs – TechCrunch

Growing pains at venture-backed Moogsoft lead to layoffs – TechCrunch Eight months after bringing in a $40 million Series D, Moogsoft‘s co-founder and chief executive officer Phil Tee confirmed to TechCrunch that the IT incident management startup had shed 18 percent of its workforce or just over 30 employees. The …

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