OLD GREENWICH: Ellington Financial Inc. (NYSE: EFC) has entered into a definitive agreement to purchase an additional 49.6% ownership interest in Longbridge Financial LLC from Home Point Capital Inc. for approximately $75 million. Following the closing of the transaction, Ellington Financial, which has been an investor in Longbridge since 2014, will hold substantially all of…
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Pakistan-based NayaPay raises $13mn in largest seed rounds in South Asia
KARACHI, PAKISTAN: NayaPay, a Pakistan-based fintech platform, has raised $13 million in one of the largest seed rounds in South Asia. Bringing together a diverse mix of leading global institutional and angel investors, the round was led by Zayn Capital, global fund manager MSA Novo and early-stage VC Graph Ventures from Silicon Valley. Singapore-based Saison…
MoneyLion acquires Even Financial
NEW YORK: MoneyLion Inc. (NYSE: ML) has completed its acquisition of Even Financial Inc., the category-leading embedded finance marketplace. “With this transaction, we have combined MoneyLion’s powerful first-party products and open architecture marketplace with Even’s dynamic recommendation engine and expanding partner network to broaden the range of products and services within the MoneyLion platform,” said…
Enterprise completes $3.25bn acquisition of Navitas Midstream
HOUSTON: Enterprise Products Partners L.P. (NYSE: EPD) announced that one of its affiliates completed the previously announced $3.25 billion acquisition of Navitas Midstream Partners, LLC. This acquisition gives Enterprise a foothold for natural gas gathering, treating and processing in the core of the Midland Basin of the Permian. Navitas Midstream’s assets, which complement Enterprise’s presence…
Google launches $100 million Google Career Certificates Fund
MOUNTAIN VIEW: Google CEO Sundar Pichai and U.S. Secretary of Commerce Gina Raimondo together announced the launch of a $100 million Google Career Certificates Fund. Through its support of Social Finance, the Fund aims to drive $1 billion in aggregate wage gains for more than 20,000 Americans through the Certificates, which equip people with job-ready…
Meltwater announces new Scientific Advisory Board
SAN FRANCISCO: Meltwater, a leading global provider of social and media intelligence, announced the launch of the company’s Scientific Advisory Board, composed of industry leaders in AI and machine learning who will support the company in setting scientific and technology strategy. As Meltwater continues to make significant investments into its cutting-edge AI and machine learning…
Protecht Group secures A$42mn Series A investment from Arrowroot
SYDNEY, AUSTRALIA: Protecht Group Holdings has secured an AUD $42 million investment from Arrowroot Capital to accelerate its product and growth strategies. Protecht has been redefining the way the world thinks about risk with the most complete, cutting-edge, and cost-effective SaaS solutions in the GRC market. Based in Sydney, Australia and founded in 1999, the…
Toragen Inc. appoints Dr. Sandra Coufal as CEO
SAN DIEGO: Toragen Inc., a biotechnology company, announced that Dr. Sandra Coufal, M.D. will join Toragen as its new CEO. Dr. Coufal brings over 30 years of experience to Toragen as a physician and serial entrepreneur working with multiple successful companies in medicine, chemistry, biotechnology, material sciences, and digital technology. Most recently, Dr. Coufal co-founded…
Visa appoints Jennifer Como as Head of Investor Relations
SAN FRANCISCO: Visa Inc. (NYSE: V) announced the appointment of Jennifer Como as Head of Investor Relations. Jennifer Como succeeds Mike Milotich who will depart Visa later this month to become chief financial officer of a publicly traded company. Ms. Como currently serves as the senior vice president of investor relations at Visa. She joined…
QisstPay launches in U.S. market with 1-Click Checkout
DALLAS: Global FinTech Startup, QisstPay has announced launch in U.S. with its 1-Click Checkout product in the U.S. With 1-Click Checkout, shoppers will be able to complete online purchases in just a few seconds without the hassle of filling out repetitive forms or recalling usernames and passwords. For merchants, the improved shopper experience reduces cart…
SKT & Joby Aviation partner to bring air taxi service to South Korea
SEOUL, SOUTH KOREA: SK Telecom (NYSE: SKM) and Joby Aviation (NYSE: JOBY) will work together to introduce emissions-free aerial ridesharing services (air taxi service) to cities and communities across South Korea. SK Telecom is Korea’s leading ICT company, driving innovations in fixed & wireless telecommunications, AI service, and digital infrastructure service. Joby Aviation Inc. is…
Metalloinvest signs an agreement to sell JSC Ural Steel to Zagorsk Pipe Plant
MOSCOW, RUSSIA: Metalloinvest, a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, announces that it has signed an agreement with Zagorsky Pipe Plant (ZTZ), one of the largest Russian suppliers of large diameter pipes for oil and gas pipelines and steel products for construction, to…