Tuesday, November 12, 2019

Interswitch, a Nigeria-based digital payments startup, says Visa has acquired a minority stake, reportedly for $200M, at a $1B valuation, plans IPO in H1 2020 (Jake Bright/TechCrunch)

Jake Bright / TechCrunch:
Interswitch, a Nigeria-based digital payments startup, says Visa has acquired a minority stake, reportedly for $200M, at a $1B valuation, plans IPO in H1 2020  —  Nigerian digital payments firm Interswitch confirmed today it has reached unicorn status after Visa acquired a minority equity stake in the firm.



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Sources: Shein's 2024 sales were up 19% YoY to $38B, far below the forecasts made in 2023; some investors push Shein to cut pre-IPO valuation from $66B to ~$30B (Financial Times)

Financial Times : Sources: Shein's 2024 sales were up 19% YoY to $38B, far below the forecasts made in 2023; some investors push Shei...