Tags archives: softbank

Softbank Group is investing $250 million into U.S. online lender Kabbage Inc. This is by far the largest fintech investment by the Japanese technology conglomerate. The Atlanta-based startup Kabbage, which operates in North America and Europe will use the equity funding to add more lending products and other types of financial services. Furthermore, Kabbage plans to launch in Asia by the end of 2018, said co-founder and CEO Rob Frohwein. The startup is amongst a group of young fintech companies that utilize digital technologies to of...
Japan’s SoftBank Group Corp. has invested $300 million in the New York-based office-on-lease start-up WeWork. The young tech start-up WeWork is expecting to raise $3 billion in the massive secondary share. SoftBank, led by Founder Masayashi Son, has made a number of acquisitions and investments over the past few months. The recent ones include an investment to buy the asset manager Fortress Investment Group. The $300 million investment in WeWork also seems to be a part of SoftBank’s $100 billion technology Vision Fund which was annou...
The Japanese company SoftBank Group Corp. announced on Thursday that it is planning to initiate a fund through which it can make investments in the technology sector. This company will collaborate with Saudi Arabia’s wealth fund to create a technology investment fund. The fund has the potential to grow up to $100 billion. With the achievement of this milestone, this fund will become one of the world’s largest private equity investors. This will make it a notable investment fund in the industry.  SoftBank has a stable impression of ac...
The on-demand streaming services such as Netflix and Hulu are still a broad American approach, but they are making their pace towards Eastern countries like Japan. In a very short time after the news broke out that the Los Gatos based streaming media giant will be launching in Japan, which marks its entry into the markets of East Asia, Amazon announced that it will also be heading towards the Sushi nation with its Prime Video streaming service. Recently in Spring, Netflix was launched in New Zealand and Australia, with further plan...
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