Marqeta raises $150m for card issuing platform, takes valuation to $4.3bn

(adsbygoogle = window.adsbygoogle || []).push({}); US fintech company Marqeta, which is engaged in providing a platform for issuing debit and credit cards, has bagged an investment of $150 million from an undisclosed institutional investor. The new investment, which is expected to help in product momentum and global growth, has taken More...

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By businessnewstoday On Thursday, May 28th, 2020
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Monument Re wraps up acquisition of Bermuda-based GreyCastle

Monument Re, a Bermuda-based life reinsurance and insurance holding company, has wrapped up its previously announced acquisition of GreyCastle and its subsidiaries, which include GreyCastle Life Reinsurance (SAC) More...

By businessnewstoday On Wednesday, May 27th, 2020
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COVID-19 forces Texas Capital, Independent Bank to call off $5.5bn merger

The prevailing coronavirus pandemic has forced US bank holding companies Texas Capital Bancshares and Independent Bank Group to terminate their previously announced all-stock merger of equals worth $5.5 billion. Both More...

By businessnewstoday On Tuesday, May 26th, 2020
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Genstar wraps up sale of Innovative Aftermarket Systems to iA Financial

Genstar Capital said that it has wrapped up its $720 million sale of Innovative Aftermarket Systems (IAS), a marketer, administrator, and underwriter of vehicle protection products, to iA Financial Group. Based More...

By businessnewstoday On Saturday, May 16th, 2020
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Insurance brokerage Hub acquires Lashua-LaChance and Hatchett Insurance

Global insurance brokerage Hub International has acquired the assets of Lashua-LaChance & Poliks Insurance Agency for an undisclosed price. Based inĀ Gardner, Massachusetts, Lashua-LaChance is an independent More...

By businessnewstoday On Friday, May 15th, 2020
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McGriff expands employee benefits capabilities with Peak Health acquisition

McGriff, a subsidiary of US insurance broker BB&T Insurance, has acquired Peak Health, a provider of workplace health and wellness programs. Peak Health, which is based in Wilson, North Carolina, offers onsite, More...

By businessnewstoday On Friday, May 15th, 2020
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Higginbotham acquires Amerman Insurance Services to expand in San Antonio

Texas-based insurance broker Higginbotham has expanded its practice in the San Antonio region by acquiring Amerman Insurance Services for an undisclosed price. Amerman Insurance Services, which is an independent More...

By businessnewstoday On Wednesday, May 13th, 2020
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AI-based learning platform Quizlet raises $30m in Series C round

Quizlet, a global learning platform with artificial intelligence (AI) powered study tools, has raised $30 million in a Series C funding round led by growth equity firm General Atlantic. The proceedings from the More...

By businessnewstoday On Wednesday, May 13th, 2020
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Commonwealth Bank of Australia to sell 55% stake in Colonial First State to KKR

Commonwealth Bank of Australia (CBA) has signed a deal to sell a 55% stake in Australian wealth management group Colonial First State (CFS) to global investment firm KKR for about AUD 1.7 billion ($1.1 billion). Established More...

By businessnewstoday On Monday, May 11th, 2020
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SBI General Insurance introduces Arogya Sanjeevani Health Insurance Policy

Indian insurer SBI General Insurance has introduced Arogya Sanjeevani Health Insurance Policy. which offers hospitalization cover anywhere in India with sums insured in the range of Rs. 1 lakh to Rs. 5 lakhs. The More...