Stripe lands $250m funding, creates $35bn fintech startup

Stripe funding round : US online payments company Stripe has raised $250 million in new funding round, creating a fintech company with an enterprise value of $35 billion, as per the latest fintech industry news. The US online payments company, which was founded in 2011, will use the proceeds to expand its global presence, increase […]

Aga Khan University to deploy Meditech Expanse EHR system

The Aga Khan University (AKU), an international institution, will deploy US-based Meditech’s​ Expanse enterprise health record system (Expanse EHR system) for better patient outcomes and medical research in the developing world. The Expanse EHR system will initially be launched at the university’s academic medical center and clinics in Nairobi and across Kenya in 2020 followed […]

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Fortress begins construction on Avenue Bellevue project in Bellevue, WA

Fortress Development, a US real estate developer, has broken ground on $1-plus billion worth Avenue Bellevue project in Bellevue, Washington involving the development of luxury residential, hotel, and retail spaces. Avenue Bellevue located on the corner of NE 8th Street and Bellevue Way will include two residential towers – the South Tower Estate Homes and the West […]

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Coca Cola HBC to acquire Italian beverage company Lurisia for US$97m

Coca Cola HBC acquisition of Lurisia : Coca Cola Hellenic Bottling Company (Coca Cola HBC), a Swiss bottling partner of The Coca‑Cola, has agreed to acquire Lurisia, an Italian natural mineral water and adult sparkling beverages firm, for the total enterprise value of €88 million (US$97 million). The acquisition executed through Coca Cola HBC’s wholly-owned […]

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Ørsted to divest domestic utility business to focus on renewable energy

Energy company SEAS-NVE has entered into an agreement with Denmark-based Ørsted to acquire the latter’s domestic power distribution (Radius), residential customer and City Light businesses for a cash consideration of DKK21.3 billion (US$3.2bn). The proceeds from divestiture of businesses will help Ørsted to continue its global investments in green energy. Radius with around one million […]

Destination Maternity to open new retail store in Scottsdale, Arizona

Destination Maternity Scottsdale store opening : Destination Maternity, a US retailer of maternity apparel, will open a new retail store in Scottsdale, Arizona, on Saturday, 21 September. The maternity apparel store is located in the Scottsdale Quarter Mall at 15059 N. Scottsdale Road and will feature wear-to-work options for career moms as well as trend-right […]

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