SoftBank Makes Another Big Move in UK Fintech

SoftBank’s Vision Fund has invested $800 million into Greensill who provides alternative supply chain financing; the company is now valued at $3.5 billion, double the valuation from about a year ago; the company plans to use the money to further their expansion and develop new technologies; they also recently entered the Brazilian market, but plan to enter China and India; the company was founded in 2011 by ex-Morgan Stanley banker Lex Greensill. Source

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!