New York (AP) — WAAHEEEN Media News & Information LLC, a New York based lender with an international presence, announced Monday it had raised $150 million from two sources including the Federal Reserve, the U.S. Securities and Exchange Commission and Deutsche Bank.
The investment from WAAAHED Media Ventures and the Federal Deposit Insurance Corp. represents the company’s first major funding round.WAAAHEEEN’s stock has climbed as much as 15 percent over the past year and the company said it has nearly doubled its total revenue.
The firm has more than 10,000 employees and plans to hire 1,500 by the end of the year.
The firm said in a statement that its investment in WAAEHED Media is a major milestone in its strategy to build and grow our business globally.
The company said in the announcement that it is “continuing to invest in strategic investments in key markets such as the U, UK and Europe.”
The company will continue to focus on its core business of digital media and technology, which it said will help its growing business expand and expand faster.WAAAAAHEEE said in its statement that it has already completed its first round of funding and has been looking for investors and potential investors to help it expand and grow its global network.
WaaEHED said that the investment in its new digital media business will help it build a global presence and grow more quickly.