Canon Financial Services, Inc.

FINANCIAL MANAGEMENT, FINTECH

Papaya Global and GGV Capital | February 02, 2023

On February 1, 2023, Papaya Global, a SaaS fintech firm that provides global payroll and payments technology, was nominated to GGV Capital and Crunchbase's Embedded Fintech 50, a ranking of startup investors' most promising fintech startups. In order to select the 50 winners, GGV Capital brought together 57 investment firms to submit nominations and vote. The fact that the Embedded Fintech 50 has raised a total of $12 billion shows that venture capitalists are optimistic...

SoftBank | February 12, 2020

SoftBank (9984.T) CEO Masayoshi Son threw cold water on Wednesday on the idea of cutting his firm’s $150 billion stake in e-commerce giant Alibaba (BABA.N), after prominent activist investor Elliott Management called for big buybacks. The emergence of New York-based Elliott as a SoftBank shareholder has renewed focus on the company’s 26% stake in China’s Alibaba, the Japanese firm’s biggest asset and Son’s most successful tech bet to date. Elliott, one of the world&...

BLOCKCHAIN

ixFintech | December 22, 2021

IX Fintech Group Limited (ixFintech) is honoured to announce the successful integration of privacy identity authentication and post quantum computing security into ixWallet to safeguard users' identity against cybersecurity risk. In Q1 2022, the company also aims to launch ixPoint, the company's first-ever reward point scheme, as well as the first asset-backed TeaCoin. The new version of ixWallet comes with two new indexes: ixBitcoin and ixEthereum. These indexes in combin...

Wirecard | June 22, 2020

Wirecard shares are once again in free fall on Monday after the German payments firm said it was likely that 1.9 billion euros ($2.1 billion) of cash missing from its balance sheet doesn’t exist. The Munich-based company said it was assessing the “prevailing likelihood” that unaccounted cash balances flagged by auditors at EY last week “do not exist.” The lost funds represent roughly a quarter of Wirecard’s balance sheet....