When entrepreneur Stephen Chen’s mom began approaching retirement age, she was forced to borrow money from Chen — and Chen’s brother — to make ends meet. They wanted to help, but the siblings also wanted to figure out a more sustainable, long-term solution that’d help their mom retire without...
Block, the fintech company whose subsidiaries include Square, Cash App and Afterpay, is laying off staff at a tumultuous time for tech industry workers. That’s according to an internal memo from CEO Jack Dorsey, obtained first by Business Insider, which states that “the growth of [Block] has far outpaced the...
Candex, a startup that aims to simplify procurement — specifically vendor management and payment processes — for businesses, today announced that it raised $45 million in a Series B investment led by Goldman Sachs with participation from WiL (World Innovation Lab), Altos, NFX, Craft, JP Morgan, American Express and...
As cloud-based software becomes the norm for many functions inside of modern businesses, data silos are growing into an outsize problem. This is particularly true in the financial industry, where vendors are often faced with reconciling data from a diverse range of sources. According to a 2022 survey from InterSystems...
Carefull, a fintech platform that aims to help banks protect older customers from fraud, scams and “money mistakes,” today announced that it raised $16.5 million in a Series A round led by Fin Capital with participation from TTV Capital, Bessemer Venture Partners, Commerce Ventures, Montage Ventures and Northwestern Mutual. Bringing...
As companies grow, they create legal entities and organizational structures to support their lines of business — each with their respective governance and compliance needs. Quickly, keeping track of this can get complex — especially if the company uses multiple vendors across their teams. Many do. According to one survey,...
ZayZoon, a fintech firm that got its start charging employees $5 to get paid sooner, has raised $34.5 million in a Series B round co-led by Framework, EDC with participation from ATB Financial. CEO Dary Tuer says that the funds, which bring ZayZoon’s total raised to $75 million, will be...
CertifID, a startup developing fraud prevention tech for the real estate market, today announced that it raised $20 million in a funding round led by Arthur Ventures at “over double” its previous valuation. CertifID primarily develops products to fight wire fraud. The startup’s co-founder, Thomas Cronkright, launched the company in...
As the buy now, pay later (BNPL) market continues on its slow decline, one of the major players, Splitit, is embarking on an effort to reorganize and pivot. Splitit today announced that it has a $60 million “capital commitment” from strategic investors including Thorney Investment Group, Parea Capital and Motive...
Chargeflow, a startup using AI to fight chargeback fraud, today announced that it raised $11 million in a seed round led by the VC firm OpenView Venture Partners. The tranche builds on Chargeflow’s previously undisclosed $3 million seed round closed several months ago, bringing the startup’s total raised to...