Washington Capital Group

Business Wire | October 13, 2020

Spendesk, the leading spend management platform for SMBs, today announced it has raised $18 million in addition to its Series B round last year ($38 million). The new investment comes from global VC fund Eight Roads Ventures and brings the total raised to $68.5 million. This funding will support the strong growth Spendesk has realised despite the current pandemic, which has accelerated digitisation of finance departments and increased the demand for spend management solutions. The trend towards ...

Wall Street | March 20, 2020

Wall Street erased early gains to fall 1% on Friday, as the state of New York ordered all non-essential workers to stay home to curtail the spread of the coronavirus pandemic that has fueled the worst monthly rout in U.S. equities in three decades. California had earlier asked 40 million people to stay indoors as the U.S. death toll from the outbreak topped 200 people. New York state also pleaded for more medical personnel and supplies to treat the virus cases that could overwhelm hospitals. The...

Mastercard | January 31, 2020

Mastercard has made a strategic investment in AI-generated identity authentication company Trust Stamp. Trust Stamp is a graduate of the 2018 Mastercard Start Path accelerator programme. The two companies introduced their first collaboration with a secure non-PII authentication network for both online and offline environments at the June 2019 ID4Africa conference in Johannesburg, South Africa. Trust Stamp's technology maps biometric identity data which is translated into a proprietary hash, ...

Morgan Stanley, E-Trade | February 20, 2020

Morgan Stanley is buying E-Trade in a $13 billion, all-stock deal announced Thursday, bringing more consolidation to the brokerage market and giving the investment bank to the rich a foothold with a more mainstream clientele. The deal, which is the biggest takeover by a major U.S. bank since the 2008 financial crisis, combines Morgan Stanley’s prowess and client-facing resources with E-Trade’s more than 5 million customers, with more than $360 billion in retail trade assets, the comp...