Saturday, April 13

Tag: Ribbit Capital

Walmart Launch Fintech Startup in partnership with Ribbit Capital
News

Walmart Launch Fintech Startup in partnership with Ribbit Capital

BENTONVILLE, Ark., 18th Jan 2021-- Walmart announced the creation of a new fintech startup in a strategic partnership with leading fintech investment firm Ribbit Capital. The venture will bring together Walmart’s retail knowledge and scale with Ribbit’s fintech expertise to deliver tech-driven financial experiences tailored to Walmart’s customers and associates. “For years, millions of customers have put their trust in Walmart to not only save them money when they shop with us but help them manage their financial needs. And they’ve made it clear they want more from us in the financial services arena,” said John Furner, President and CEO, Walmart US. “We’re thrilled to work with Ribbit Capital in a new venture to help us deliver innovative and needed options to our customers and ass...
Razorpay raises $75M funding led by Sequoia Capital
FUNDING

Razorpay raises $75M funding led by Sequoia Capital

Razorpay raises $75 million series C round of equity funding from fintech Venture capital firm Ribbit Capital & Sequoia Capital. Tiger Global Management and Y Combinator’s Continuity Fund also participated in this round. Bengaluru based b2b payment solutions platform will use this funding to expand its operation and hire more people. Till date, Razorpay has raised about $107 million from Matrix Partners, MasterCard, and other angel investors. It had last raised equity capital in a round led by Tiger Global in early 2018. Founded by Harshil Mathur & Shashank Kumar in 2013, Razorpay is a payments company that provides payment solutions to online merchants in India. The company plans to use this fund to support its neo-banking platform Razorpay X and i...