LONDON — British fintech company Zilch said Wednesday it has raised $125 million in debt financing from German banking giant Deutsche Bank in a deal that will help the company triple revenue in coming years and move closer to an initial public offering. The company, which offers shoppers the ability to purchase items and pay … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Shein has invested in its logistics infrastructure and is looking for new revenue streams as its core fast fashion business matures ahead of a planned London stock exchange listing. The Chinese-founded startup popular with Gen … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Record sales of artificial intelligence chips boosted Nvidia’s revenue by 262 percent last quarter, exceeding expectations. The CEO said the blockbuster growth would continue this year with the launch of a new line of chips. … Read more