Venture capital arm of Intel Corp invests in 2 Chinese startups

On Wednesday, the venture arm of U.S. chipmaker Intel Corp, Intel Capital stated it has invested in two Chinese startups in the semiconductor sector. The fresh investments comes at a time when there is heightened tensions between Washington and Beijing over chip manufacturing. One of the Chinese startups, Intel Capital has invested is ProPlus. It…

Atom Bank raises 50 million pounds in latest funding round

Participants in Atom Bank’s latest funding round includes, Woodford Patient Capital Trust, Toscafund, BBVA, and other funds. On Monday, embattled fund manager Neil Woodford stated, along with other investors it has invested an additional $62.42 million into digital lender Atom Bank. One of Britain’s best-known money managers, Woodford has left thousands of investors without access…

Visa invests undisclosed amount in Indonesia’s ride hailing firm Go-Jek

Visa’s investment was during Go-Jek’s ongoing F Series funding round. On Wednesday, Visa Inc stated, it has invested an undisclosed amount in Indonesia’s Go-Jek in the ride-hailing company’s ongoing Series F fundraising round. In a statement the U.S. payment processor said, both companies will collaborate to provide more options for cashless payments for consumers across…

SoftBank Group Corp’s Vision Fund invests $800M in Greensill Capital

SoftBank Group Corp’s Vision Fund valued UK-based Greensill Capital at $3.5 billion. Greensill Capital, a UK-based financing group, has confirmed that SoftBank Group Corp’s Vision Fund has invested $800 million in it. Greensill, which provides supply chain funding to companies, said it plans to use the funding in part to accelerate its expansion into Brazil…