Milan-based buy now, pay later provider Scalapay on Wednesday announced it raised a $497 million Series B led by Alibaba competitor Tencent and Willoughby Capital with participation from Tiger Global, which led Scalapay’s Series A round. The round puts Scalapay’s valuation as high as $1.5 billion, according to a person familiar with the matter. The fintech was last valued at $700 million when it...
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Meta Declares ‘Year of Efficiency’ as Revenue Stagnates
We’re in the middle of Chinese New Year celebrations at the start of the Year of the Rabbit. At Meta Platforms, though, it’s the “year of efficiency,” as CEO Mark Zuckerberg declared Wednesday on announcing fourth-quarter results. Investors such as Altimeter Capital, which last fall called on Meta to streamline, will be happy. It’s just a pity that Meta, like much of big tech, appears to have...
Meta Platforms’ Revenue and Profit Fall in Q4
Checkout.com Shuffles Executives to Double Down on U.S. Expansion
Judge Tells Sam Bankman-Fried to Stop Texting Former FTX Colleagues
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