Bolt CEO Ryan Breslow defended the $30M personal loan he took out from his startup, while announcing Bolt's latest launch.
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The banking-as-a-service space took a hit last year when Synapse collapsed. But that hasnβt stopped BaaS startup Synctera from raising another $15 million in funding, it tells TechCrunch exclusively. Synctera works to provide companies βof all shapes and sizes with everything they need to launch and operate fintech and embedded banking products,β including: accounts, cards, [β¦]
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Worth, a company focused on helping fintechs, banks, and enterprises underwrite small and medium-sized businesses more easily, has raised $20 million in a seed funding round, the startup tells TechCrunch exclusively. Itβs a large seed round, especially these days when capital is harder to come by. But the foundersβ history may have something to do [β¦]
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Getting ghosted is never fun. Especially if youβre a founder seeking capital from investors. Itβs similar to dating. You might be left wondering βWhy is this person not getting back to me? Did I do something wrong?β Did the investor hate the product? Did they not care for me personally?β Itβs enough to drive anyone [β¦]
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Faireez, which aims to bring β5-star hotel-style housekeepingβ to multifamily buildings, is emerging from stealth with $7.5 million in seed funding, the startup told TechCrunch exclusively. Founded in 2023, New York-based Faireezβs goal is to make the cleaning services it offers as customized as possible. It offers a subscription model where each building is assigned [β¦]
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Ryan Breslow is once again the CEO of Bolt, the fintech company told TechCrunch on Wednesday. Bolt shared a communication that recently went out to investors in which Breslow wrote that βfollowing a challenging few years,β he had been reinstated as Boltβs CEO with βunanimous approvalβ of the board of the one-click checkout company. Justin [β¦]
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Flex, which offers personal finance software and payments infrastructure for business owners, has raised $25 million in equity funding while securing a $200 million credit facility, it told TechCrunch exclusively. The equity funds were raised at a valuation of βjust under $250 million.β The company last raised a $20 million Series A announced in September [β¦]
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Fintech startup Ramp has crossed $700 million in annualized revenue as of January of this year, according to a source familiar with the companyβs internal operations. The company had crossed $100 million in annualized revenue before its third birthday in March 2022, passed $300 million by August 2023, and now effectively more than doubled that [β¦]
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Expense management startup Ramp has nearly doubled its valuation to $13 billion after a $150 million secondary share sale, the company announced Monday morning. New and existing backers including VC Stripes, GIC, Avenir Growth, Thrive Capital, Khosla Ventures, General Catalyst, Lux Capital, 137 Ventures, and Definition Capital bought the secondaries from employees and early investors. [β¦]
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Digital banking services provider Alkami Technology is acquiring Mantl, which has been described as βthe Shopify of account opening,β for $400 million. Mantl, founded in 2016 by Nathaniel Harley and Benjamin Conant, developed software to make it easier for people to open accounts digitally at community banks and credit unions. The end goal is that [β¦]
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In its annual letter released Thursday, payments giant Stripe declared that it was βseeing an AI boomβ with its data, revealing that artificial intelligence startups are growing more rapidly than traditional SaaS companies have historically. In a chart, Stripe showed that the top 100 AI companies (by revenue) were able to achieve $5 million in [β¦]
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ResilienceVC, a new seed-stage fintech venture capital firm based out of Washington, D.C., is announcing its $56 million debut fund, the firm shared exclusively with TechCrunch. Founded by Tahira Dosani and Vikas Raj in 2023, ResilienceVCβs mission is a straightforward one: to back fintech companies dedicated to helping Americans find financial stability. Itβs writing checks [β¦]
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Capim, a startup offering Brazilians the option to buy now, pay later (BNPL) for dental services, has raised $26.7 million in Series A funding, it tells TechCrunch exclusively. Founded in July 2021 by Marcelo Lutz and Roberto Biselli, who serve as co-CEOs, SΓ£o Paulo-based Capim describes itself as a vertical SaaS company specializing in the [β¦]
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Fintech Brex expects its annual net revenue to reach $500 million in 2025, according to a person familiar with the companyβs operations as cited by Bloomberg and The Information. While the startup did not comment on the specific revenue projection, it did share that Brex has seen β3x overall revenue growthβ year-over-year. It also told [β¦]
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Hi there, welcome to TechCrunchβs regular fintech newsletter. Weβre going on hiatus for a bit, but you can still find our must-see fintech coverage, including my columns and our daily analysis and breaking news stories, at TechCrunch.com. If you want those stories and much more in your inbox every day, sign up for our daily [β¦]
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The criminal trial against fintech startup founder Charlie Javice began on Friday, with lawyers laying out their opening arguments, Reuters reported.Β Lawyers reiterated their original claims and defenses from the lawsuit filed by JPMorgan Chase against Javice in December of 2022. The financial services giant alleges that Javice helped βfake millions of customers in order [β¦]
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Global investing in fintech startups is starting to see an uptick. Just this week, KPMG issued its Pulse of Fintech report for the second half of 2024. In the fourth quarter of 2024, investment climbed to $25.9 billion from $18 billion in the third quarter, according to KPMG. Granted, this is not the enthusiasm of [β¦]
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Fintech Varo has been hoping to raise a $55 million Series G round but has, so far, closed on $29 million to date, according to a recent SEC filing. Varo declined to comment on this new round but the fintech has raised just over $1 billion in funding since its 2015 inception, according to PitchBook.Β Fintech [β¦]
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For decades, couples going through in vitro fertilization have had to spend tens of thousands of dollars on the procedures with no guarantee of success. Itβs not only an emotionally draining process, but a financially exhausting one as well. San Francisco-based startup Future Family wants to help ease some of that burden for couples with [β¦]
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Welcome to TechCrunch Fintech!Β This week weβre looking at some big valuation jumps, how Stripe is eyeing another shareholder sale, a colorful conversation with an early-stage VC, and more! To get a roundup of TechCrunchβs biggest and most important fintech stories delivered to your inbox every Tuesday at 8:00 a.m. PT, subscribe here. The big [β¦]
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