Marking the first ever single major investment in financial technology (fintech) segment, SoftBank Group Corp has led an investment of $1billion in the US startup SoFi. Private equity (PE) firms such as Third Point have invested in SoFi. Both the companies are of a positive view that the Series E funding round will speed up the growth rate of SoFi. The fintech services are gaining support from customers, who're not satisfied with traditional banking services. SoFi is aiming at expanding financial offerings in the near future.
Yahoo! Japan Corp.
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Chicago-based marketing technology BrightTag secured USD27 million funding from Yahoo! Japan. The Japanese internet company's investment brought BrightTag's fund total its has raised so far to USD50 million.
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