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Today in B2B: Digital Bank Lunar Raises $76M

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Today in B2B payments, Happiness Development inked a $6.7 million direct offering for a B2B auto business, and decentralized markets and local skills boost European B2B wholesale eCommerce. Plus, digital bank Lunar raises $76 million in fundraising round.

Happiness Development Unveils $6.7M Direct Offering for B2B Auto Business

Automotive sales and eCommerce company Happiness Development Group Limited on Friday (March 11) inked a securities purchase agreement with overseas strategic investors for a registered direct placement of about $6.7 million, according to a company press release.

As part of the deal, Happiness Development will sell 19.2 million Class A ordinary shares at 35 cents each. The company will use the gross proceeds from the sale to develop its auto business under the Taochejun brand and to increase working capital for general corporate purposes.

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