In its announcement today, Wonga said it had acquired Germany online payments service BillPay for an undisclosed amount.
Funding
Applift receives investment funds from Prime Ventures
Prime Ventures invests in mobile games platform AppLift. An additional investment of USD7 million from Prime Ventures was received by mobile games marketing platform AppLift.
FIELDS grocery store closes Series A funding
Series A funding round for FIELDS raised USD5 million led by ClearVue Partners. The premier online grocery store in Shanghai, FIELDS, with its strong focus on safety, freshness and quality, announced a USD5 million Series A investment round.
Joint venture for freezer cargo logistics formed
Preferred Freezer Services, Sinotrans Ltd, Yang Ming Marine Transport Corp and Yida Group form joint venture.
Vivint scores USD 540 million from unnamed investors for home power systems project
Blackstone Group's Vivint Inc raised USD 540 million to build home power systems. Provo, Utah-based Vivint Inc received USD 540 million to construct home power systems.
Latest News
The Indian government's guarantee for Air India was being awaited. The sovereign guarantees for Air India are being awaited for until next week in order for loans to be properly backed up with a total of Rs 2500 crore.
Berlin-based Labfolder's product was aimed to help scientists plan and document experiments. CORRECTION: Changed facts in title and in article body.
A group of investors obtain class action approval against Morgan Stanley for the controversial Pinnacle notes.
The Kuwaiti Investment Authority's property division St Martins is in discussion to purchase the More London complex.
About USD43 billion was pulled from the money market as investor fears of US debt crisis reached its height prior to Wednesday nights passage of much needed legislation.
The Department of Energy loan given to the now floundering Fisker was bought out by an investment firm headed by Richard Li.
With Michael Dell owning 75% of his company, the new board would consist of himself and two other appointees from Silver Lake Management.
Poland, in order to finance the fourth quarter of the year, intended to sell Euro denominated bonds to increase the liquidity.
According to its CEO, Dianping.com's value is higher than Groupon and Yelp or about USD10 billion.
