DTC's Daily Digest gives you the latest news on the fastest growing brands in the world. In today's edition: Paysend Launches New Financing Round with Seedrs; General Atlantic Investment at Kiwi.com. Peloton to IPO.
Paysend Launches New Financing Round with Seedrs
Startup Fintech Paysend she has He received a £ 4.2 million round financing round With seeds to support their growth. The company operates with a global network of payment systems, banks and local card systems operating in more than 70 countries and is a key member of Mastercard, VISA and China Union Pay.
The financing supplemented the company's news by adding six new countries to its network, allowing more customers to transfer funds to and from countries with Paysend.
Paysend has expanded its network in India, Nepal, the Philippines, Bangladesh, Sri Lanka and South Africa. It also plans to expand to include Nepal, Pakistan and Turkey by the end of 2019.
The B Series financing round is driven by Plug and Play and Digital Space Ventures, who have supported PayPal, Revolut, N26 and Tandem. After the Paysend series of £ 20 million in 2018, proceeds from the B series will be used to support the company's global deployment.
"There has been a systemic problem in the banking and payment sector that has enabled consumers to think that transferring money and managing your money is not that easy and thus preventing customers from their money," Paysend CEO Ronald Millar said. "We think it should be as easy and immediate as sending E-mail, and finally, the digital age has become able to facilitate it. "
General Atlantic Investment in Kiwi.com
US private equity firm General Atlantic has agreed Invest an undisclosed sum in a Kiwi.com, An emerging travel technology company whose main product sells cheap plane tickets. The deal, announced Monday, is the latest sign investors see as an opportunity in the online travel sector.
The investment buys former equity investors and makes General Atlantic the largest owner of Kiwi.com. "We intend to show the world that we are something bigger than the OTA [online travel agency] Olivier Deloho, CEO of Kiwi.com, said, "We are transforming our products into something beyond the standard OTA capabilities.
General Atlantic has been a major investor focused on companies with strong growth potential. In 2015, it was one of the companies that led investments worth $ 1.5 billion (£ 1.2 billion) in Airbnb.
Kiwi.com said it had received about $ 1.7 million (£ 1.3 million) from equity investment by a handful of angel investors and small businesses. It handled more than $ 1 billion (£ 790 million) of total bookings last year.
Peloton to IPO
Pluton, A manufacturer of high-priced bicycles and compact treadmills with fitness classes upon request, Announced today that it has applied for an IPO. Pelephone buyers buy their devices before participating in exercise content for a monthly fee of US $ 39 (£ 31).
The news is not a surprise. Since its founding in 2012, Peloton has collected nearly one billion US dollars (£ 790 million). The latest increase was the $ 550 million (£ 434 million) F series, which was announced last August with a valuation of $ 4.15 billion (£ 3.27 billion). Supporters include many heavyweight investors such as TCV, Kleiner Perkins and Tiger Global Management among many others.
Crunchbase reported in February that Peloton has posted substantial revenue and strong growth in the top line in recent years. The subscription exercise shop generated about $ 400 million (£ 315 million) of revenue in 2017 and is said to be on its way to $ 700 million (£ 552 million) in its current fiscal year. This is the type of growth that entrepreneurs like from project-backed companies like Peloton like.