Smart-lock maker Latch to go public through $1.56bn merger deal with TSIA

Smart-lock maker Latch to go public through $1.56bn merger deal with TSIA

Latch, a US-based smart-lock maker, which has developed the full-building enterprise software-as-a-service (SaaS) platform LatchOS, has agreed to be acquired by TS Innovation Acquisitions (TSIA), a publicly traded special purpose acquisition company (SPAC), in a deal valuing the former at $1.56 billion. The merger between Latch and the SPAC sponsored by investment manager Tishman Speyer […]

Klarna pockets $650m funding for e-commerce payment solutions

Klarna pockets $650m funding for e-commerce payment solutions

Klarna, a Swedish fintech company, which serves as an e-commerce payment solutions platform for merchants and shoppers, has pocketed $650 million in a new funding round, to further speed up its global expansion. Technology investor Silver Lake led the funding round which has almost doubled the valuation of the fully licensed Swedish bank to $10.65 […]