Latest news with #SeriesF
Time of India
3 days ago
- Business
- Time of India
PE-VC investments in May CY2025 hit hard, down to $1.5bn
Chennai: Private equity-venture capital (PE-VC) investments in May witnessed a sharp fall. It fell 48% over April (CY2025) at $2.9 billion and plunged by $2.3 billion when compared with May last year (CY2024) at $3.8 billion. The investments as on May 30, 2025, exclude those from the real estate sector. 'Buyouts have been a key driver of the value of PE investments in recent years. Even in the first quarter of 2025, global PE firms like KKR and TPG, as well as home grown firms like Multiples PE and Everstone have executed significant such control transactions. The pace of large buyout announcements have significantly slowed down in the last couple of months - contributing to the decline in PE investment value,' Arun Natarajan, founder, Venture Intelligence told TOI. Assuming the global economic turbulence settles down, we can expect more confident bets by both Indian and international investors, he added. In May, Porter, an on-demand logistics platform, raising $200 million in a Series F round led by Kedaara Capital and Wellington Management topped the PE-VC investments. It was followed by private equity fund Norwest announcing that it has led a Rs 1,465-crore investment in the non-bank lender IKF Finance. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dermatologista recomenda: simples truque elimina o fungo facilmente Acabe com o Fungo Undo Growth in the PE-VC investment sector was also flat during the Jan-May period of CY2025 at $13.5 billion against $13.2 billion during the corresponding period last year, data released by research firm Venture Intelligence on Friday showed. It was dominated by institutional investments in late stage companies that are more than 10 years old at $3.9 billion. Apart from global macro uncertainty, factors including shift in investors sentiment, who are being more cautious with capital deployment influenced investments, according to analysts. Ashutosh Kumar Jha- general partner at Expert Dojo, a US-based startup accelerator and VC firm said, many VC and PE funds have shifted their focus from volume to value. 'These dips aren't always bad news. Sometimes, they just mean investors are thinking harder about where to place their bets.' Noting that dominance of late-stage deals indicate that investors are doubling down on companies that have proven business models and closer to profitability or IPOs, he said, 'Growth looks flat, but this phase could be laying the groundwork for a healthier and more disciplined investment cycle in the second half of the year,' he added. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Yahoo
4 days ago
- Business
- Yahoo
Medallion Bank Announces Redemption of Its Series F Preferred Stock
NEW YORK, May 29, 2025 (GLOBE NEWSWIRE) -- Medallion Bank (Nasdaq: MBNKP; MBNKO), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today that on July 1, 2025 (the 'Redemption Date') it will redeem all outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (the 'Series F Preferred Stock') (Nasdaq: MBNKP) at the redemption price of $25.00 per share (the 'Redemption Price'). Because the Redemption Date is a dividend payment date for the Series F Preferred Stock, the Redemption Price does not include declared and unpaid dividends. The regular quarterly dividend on the Series F Preferred Stock was separately declared and will be paid separately on July 1, 2025 to holders of record on the record date for such dividend payment in the customary manner. On and after the Redemption Date, the Series F Preferred Stock will no longer be deemed outstanding and dividends on the shares of Series F Preferred Stock will cease to accrue. All shares of Series F Preferred Stock are held in book-entry form through The Depository Trust Company ('DTC') and will be redeemed in accordance with the procedures of DTC. Equiniti Trust Company, LLC is the transfer agent, registrar and redemption agent for the Series F Preferred Stock. Equiniti Trust Company, LLC's address and telephone number are as follows: First Class/Registered/CertifiedEquiniti Trust Company, LLCOperations Center, Attn: Reorganization Department55 Challenger Road, Suite 200Ridgefield Park, New Jersey 07660718-921-8317 Investors in the Series F Preferred Stock should contact the bank or broker through which they hold a beneficial interest in the Series F Preferred Stock for information about obtaining the Redemption Payment for the Series F Preferred Stock in which they have a beneficial interest. About Medallion Bank Medallion Bank specializes in providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners. The Bank works directly with thousands of dealers, contractors and financial service providers serving their customers throughout the United States. Medallion Bank is a Utah-chartered, FDIC-insured industrial bank headquartered in Salt Lake City and is a wholly owned subsidiary of Medallion Financial Corp. Company Contact:Investor Relations212-328-2176InvestorRelations@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
Airwallex garners $300m in Series F funding
Payments company Airwallex has closed a Series F investment round, securing $300m, at a valuation of $6.2bn. The fundraise includes $150m in secondary share transfers and takes the company's total funding to more than $1.2bn. This capital will be used to extend Airwallex's global reach and refine its software solutions for businesses. The round saw contributions from Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, Salesforce Ventures, and many top pension funds in Australia. Visa Ventures has also come on board as an investor. Airwallex CEO Jack Zhang said: 'At Airwallex, we're building a new foundation for the global economy – one that's fast, seamless, and built for scale. This investment marks a major milestone in our journey to redefine global banking, and to empower businesses everywhere to grow without limits.' As of March 2025, Airwallex reported a 90% year-over-year increase in annualised revenue, reaching $720m and recorded over $130bn in global annualised payments volume. The Americas and EMEA regions have been key growth areas for Airwallex over the last four years, with a compound annual growth rate (CAGR) of more than 250% in gross profit. Airwallex has established a US headquarters in San Francisco and opened offices in New York and Toronto. After the acquisition of a payment institution licence in Brazil and the pending acquisition of MexPago in Mexico, Airwallex is set to expand in Latin America. In Europe, the company has opened a new office in Paris and made hires in London and Amsterdam, while in Middle East, it has initiated operations in the UAE and Israel. The latest funds will support Airwallex's market expansion into Japan, Korea, the UAE, and Latin America, and bolster its presence in Europe, North America, and Southeast Asia. Airwallex has developed a global financial infrastructure with direct integrations into local clearing systems and card networks, holding a licencing portfolio in the fintech sector. This infrastructure allows customers to generate local account numbers in over 60 countries and transact in more than 150 countries. The company offers services including multi-currency accounts, payment processing, spend management, and financial services via API. In March, Airwallex agreed to acquire CTIN Pay, a licenced Intermediary Payment Service company in Vietnam. "Airwallex garners $300m in Series F funding " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Barnama
22-05-2025
- Business
- Barnama
Airwallex Raises US$300 Million At A US$6.2 Billion Valuation To Build The Future Of Global Banking
SINGAPORE, May 22 (Bernama) -- Airwallex, a leading global payments and financial platform for modern businesses, has completed a US$300 million Series F funding round at a US$6.2 billion valuation. The round includes US$150 million in secondary share transfers. The new investment, which brings Airwallex's total funding to more than US$1.2 billion, includes Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, Salesforce Ventures, and several leading pension funds in Australia. Visa Ventures also joins as a strategic investor. Airwallex will use the additional capital to expand its global infrastructure into new markets and continue refining and scaling the software that empowers businesses to operate anywhere, anytime. 'The global financial system wasn't built for today's borderless economy,' said Jack Zhang, co-founder and CEO of Airwallex. 'Too many businesses are held back by legacy infrastructure that's slow, costly, and fragmented. At Airwallex, we're building a new foundation for the global economy – one that's fast, seamless, and built for scale. This investment marks a major milestone in our journey to redefine global banking, and to empower businesses everywhere to grow without limits.'
Yahoo
21-05-2025
- Business
- Yahoo
Airwallex Raises US$300 Million at a US$6.2 Billion Valuation to Build the Future of Global Finance
On track to hit US$1 billion in annualised revenue in 2025, as businesses of all sizes look to expand globally without friction Grows gross profit in Americas and Europe at a 4-year CAGR of more than 250% Series F investors include: Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, Salesforce Ventures, and Visa Ventures with participation from several leading pension funds in Australia HONG KONG, May 21, 2025--(BUSINESS WIRE)--Airwallex, a leading global payments and financial platform for modern businesses, has completed a US$300 million Series F funding round at a US$6.2 billion valuation. The round includes US$150 million in secondary share transfers. The new investment, which brings Airwallex's total funding to more than US$1.2 billion, includes Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, Salesforce Ventures, and several leading pension funds in Australia. Visa Ventures also joins as a strategic investor. Airwallex will use the additional capital to expand its global infrastructure into new markets and continue refining and scaling the software that empowers businesses to operate anywhere, anytime. "The global financial system wasn't built for today's borderless economy," said Jack Zhang, co-founder and CEO of Airwallex. "Too many businesses are held back by legacy infrastructure that's slow, costly, and fragmented. At Airwallex, we're building a new foundation for the global economy – one that's fast, seamless, and built for scale. This investment marks a major milestone in our journey to redefine global finance, and to empower businesses everywhere to grow without limits." Rapid growth, bolstered by momentum in Americas, Europe In March 2025, Airwallex achieved US$720 million in annualised revenue, up 90% year-over-year, and exceeded US$130 billion in global annualised payments volume. The company grew its customer base by 50% in 2024 – now serving 150,000 businesses worldwide. In 2025, Airwallex expects to hit US$1 billion in annual run rate revenue. Airwallex has seen accelerated growth in the Americas and EMEA regions over the past four years, with gross profit growing at a CAGR of more than 250% in both regions. In 2024, Airwallex moved into a permanent U.S. headquarters in San Francisco and recently opened new offices in New York and Toronto. Following the receipt of a payment institution license in Brazil and approval to close its acquisition of MexPago, a Mexico-based payment service provider, Airwallex is poised to launch services in Latin America's two largest economies. In Europe, Airwallex recently opened a new office in Paris and made a series of senior hires in London and Amsterdam. In the Middle East, Airwallex made its first hires in the United Arab Emirates – in both Abu Dhabi and Dubai – and continued to grow strongly in Israel. Airwallex will use the funding to continue expanding its financial infrastructure into new markets including Japan, Korea, the UAE, and Latin America, and to accelerate go-to-market efforts in Europe, North America, and South East Asia. Global financial infrastructure to power the future of finance As part of its commitment to building the future of global finance, Airwallex has built a tech-led global financial infrastructure from the ground up, with direct integrations into local clearing systems and card networks, and one of the most comprehensive licensing portfolios in fintech. This proprietary network gives Airwallex's customers the unique ability to instantly generate local account numbers in 60+ countries and to send and receive funds across more than 150 countries, faster and more efficiently than traditional banks. Today, 95% of Airwallex transactions arrive within a few hours or the same day – 68% are processed instantly. Global finance capabilities and software tools for modern, growing businesses Beyond sending and receiving funds, Airwallex's infrastructure gives customers a comprehensive platform to manage their business in multiple markets and currencies. With Airwallex, customers can access: Global Business Accounts: An all-in-one multi-currency account to manage global finance, FX conversion, and international transfers and to earn competitive rates on funds. Payments: Helping businesses accept online and in-store payments from their customers around the world with cards and 160+ local payment methods, all with a localised, multi-currency shopping experience. Spend: Giving customers a single platform to efficiently manage all types of company spend across their global business, including multicurrency corporate and employee cards, expense management, and bill payments – all powered by AI. Platform APIs & Embedded Finance: Delivering Airwallex's financial capabilities via API to tech-forward companies and marketplaces that want to embed and monetise financial services on their own platforms. About Airwallex Airwallex is a leading global financial platform for modern businesses, offering trusted solutions to manage everything from business accounts, payments, and spend management to embedded finance. With our proprietary infrastructure, Airwallex takes the friction out of global payments and financial operations, empowering businesses of all sizes to unlock new opportunities and grow beyond borders. Airwallex is a globally recognised innovator, named one of Fast Company's Most Innovative Companies and featured on The Australian Financial Review's Most Innovative Companies list. Proudly founded in Melbourne, Airwallex supports over 150,000 businesses globally and is trusted by brands such as BILL, Bird, Brex, Deel, Rippling, Navan, Qantas, ZipHQ and many more. 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